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Wall Street Analysts Are Bullish on Top Communication Services Picks

Tipranks - Tipranks - Thu Apr 23, 6:34AM CDT

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

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Roku (ROKU)

Guggenheim analyst Michael Morris maintained a Buy rating on Roku today and set a price target of $130.00. The company’s shares closed last Tuesday at $114.11.

According to TipRanks.com, Morris is a 5-star analyst with an average return of 14.1% and a 56.0% success rate. Morris covers the NA sector, focusing on stocks such as Universal Music Group, Reddit Inc Class A, and Warner Music Group. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Roku with a $129.17 average price target, implying a 7.8% upside from current levels. In a report issued on April 9, TipRanks – Google also upgraded the stock to Buy with a $113.00 price target.

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TKO Group Holdings (TKO)

In a report released today, Curry Baker from Guggenheim maintained a Buy rating on TKO Group Holdings, with a price target of $232.00. The company’s shares closed last Tuesday at $183.10.

According to TipRanks.com, Baker is a 5-star analyst with an average return of 10.9% and a 56.1% success rate. Baker covers the NA sector, focusing on stocks such as StubHub Holdings Incorporation Class A, Liberty Media Liberty Formula One, and Madison Square Garden Sports. ;'>

Currently, the analyst consensus on TKO Group Holdings is a Moderate Buy with an average price target of $238.82, a 29.8% upside from current levels. In a report issued on April 7, UBS also maintained a Buy rating on the stock with a $238.00 price target.

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