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Analysts Have Conflicting Sentiments on These Communication Services Companies: IAC/InteractiveCorp. (IAC), Warner Music Group (WMG) and Roblox (RBLX)

Tipranks - Sat Feb 7, 5:22AM CST

Analysts have been eager to weigh in on the Communication Services sector with new ratings on IAC/InteractiveCorp. (IACResearch Report), Warner Music Group (WMGResearch Report) and Roblox (RBLXResearch Report).

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IAC/InteractiveCorp. (IAC)

In a report released today, Stephen Ju from UBS maintained a Hold rating on IAC/InteractiveCorp., with a price target of $42.00. The company’s shares closed last Thursday at $35.10.

According to TipRanks.com, Ju is ranked #685 out of 12040 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for IAC/InteractiveCorp. with a $46.33 average price target, a 30.9% upside from current levels. In a report issued on February 4, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $36.00 price target.

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Warner Music Group (WMG)

In a report released today, Batya Levi from UBS maintained a Buy rating on Warner Music Group, with a price target of $40.00. The company’s shares closed last Thursday at $28.19, close to its 52-week low of $27.06.

According to TipRanks.com, Levi is a 1-star analyst with an average return of -2.9% and a 46.8% success rate. Levi covers the NA sector, focusing on stocks such as Live Nation Entertainment, Lumen Technologies, and Spotify. ;'>

Currently, the analyst consensus on Warner Music Group is a Strong Buy with an average price target of $37.00, implying a 31.3% upside from current levels. In a report issued on January 27, MoffettNathanson also initiated coverage with a Buy rating on the stock with a $38.00 price target.

Roblox (RBLX)

Citi analyst Jason Bazinet maintained a Buy rating on Roblox yesterday and set a price target of $152.00. The company’s shares closed last Thursday at $60.57.

According to TipRanks.com, Bazinet is a 5-star analyst with an average return of 19.4% and a 66.2% success rate. Bazinet covers the NA sector, focusing on stocks such as StubHub Holdings Incorporation Class A, Live Nation Entertainment, and Universal Music Group. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Roblox with a $116.42 average price target, representing an 85.4% upside. In a report issued on January 21, B. Riley Securities also maintained a Buy rating on the stock with a $125.00 price target.

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