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Analysts Offer Insights on Communication Services Companies: T Mobile US (TMUS) and Magnite (MGNI)

Tipranks - Wed Mar 18, 5:42AM CDT

There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on T Mobile US (TMUSResearch Report) and Magnite (MGNIResearch Report) with bullish sentiments.

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T Mobile US (TMUS)

UBS analyst John Hodulik maintained a Buy rating on T Mobile US today and set a price target of $300.00. The company’s shares closed last Monday at $214.82.

According to TipRanks.com, Hodulik is a 5-star analyst with an average return of 10.0% and a 62.8% success rate. Hodulik covers the NA sector, focusing on stocks such as Charter Communications, Paramount Skydance, and AMC Networks. ;'>

Currently, the analyst consensus on T Mobile US is a Moderate Buy with an average price target of $257.47.

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Magnite (MGNI)

Needham analyst Laura Martin maintained a Buy rating on Magnite today and set a price target of $25.00. The company’s shares closed last Monday at $12.18.

According to TipRanks.com, Martin is a 4-star analyst with an average return of 7.2% and a 48.0% success rate. Martin covers the NA sector, focusing on stocks such as Nexxen International, Reddit Inc Class A, and Paramount Skydance. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Magnite with a $24.11 average price target, a 100.7% upside from current levels. In a report released yesterday, TipRanks – PerPlexity also upgraded the stock to Buy with a $13.00 price target.

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