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Analysts Are Bullish on These Communication Services Stocks: TKO Group Holdings (TKO), Cars (CARS)

Tipranks - Tipranks - Sat Apr 11, 7:06AM CDT

There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on TKO Group Holdings (TKO) and Cars (CARS) with bullish sentiments.

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TKO Group Holdings (TKO)

In a report released today, Stephen Laszczyk from Goldman Sachs maintained a Buy rating on TKO Group Holdings, with a price target of $230.00. The company’s shares closed last Thursday at $197.07.

According to TipRanks.com, Laszczyk is a 4-star analyst with an average return of 11.3% and a 58.4% success rate. Laszczyk covers the NA sector, focusing on stocks such as Live Nation Entertainment, Sphere Entertainment, and Cinemark Holdings. ;'>

Currently, the analyst consensus on TKO Group Holdings is a Strong Buy with an average price target of $237.21, representing a 22.1% upside. In a report issued on March 30, Citizens JMP also initiated coverage with a Buy rating on the stock with a $240.00 price target.

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Cars (CARS)

BTIG analyst Marvin Fong maintained a Buy rating on Cars today and set a price target of $13.00. The company’s shares closed last Thursday at $9.09.

According to TipRanks.com, Fong is a 1-star analyst with an average return of -1.4% and a 38.3% success rate. Fong covers the NA sector, focusing on stocks such as SunCar Technology Group, Driven Brands Holdings, and Mister Car Wash. ;'>

Currently, the analyst consensus on Cars is a Moderate Buy with an average price target of $12.90, a 41.4% upside from current levels. In a report issued on March 27, TipRanks – PerPlexity also upgraded the stock to Buy with a $9.00 price target.

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