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Analysts Conflicted on These Communication Services Names: Zillow Group Class A (ZG), Magnite (MGNI) and Nintendo Co (OtherNTDOF)

Tipranks - Thu Jun 11, 6:36AM CDT

Analysts have been eager to weigh in on the Communication Services sector with new ratings on Zillow Group Class A (ZG), Magnite (MGNI) and Nintendo Co (NTDOF).

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Zillow Group Class A (ZG)

In a report released yesterday, Brad Erickson from RBC Capital maintained a Buy rating on Zillow Group Class A, with a price target of $70.00. The company’s shares closed last Tuesday at $35.83.

According to TipRanks.com, Erickson is a 4-star analyst with an average return of 6.2% and a 49.4% success rate. Erickson covers the Technology sector, focusing on stocks such as Uber Technologies, GoDaddy, and Lyft. ;'>

Currently, the analyst consensus on Zillow Group Class A is a Moderate Buy with an average price target of $60.88, representing a 75.9% upside. In a report issued on May 25, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $41.00 price target.

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Magnite (MGNI)

RBC Capital analyst Matthew Swanson maintained a Buy rating on Magnite today and set a price target of $20.00. The company’s shares closed last Tuesday at $15.81.

According to TipRanks.com, Swanson is ranked 0 out of 5 stars with an average return of -4.4% and a 43.5% success rate. Swanson covers the Technology sector, focusing on stocks such as International Business Machines, Zeta Global Holdings Corp, and Thryv Holdings. ;'>

Currently, the analyst consensus on Magnite is a Strong Buy with an average price target of $23.43, implying a 54.7% upside from current levels. In a report released yesterday, BTIG also initiated coverage with a Buy rating on the stock with a $20.00 price target.

Nintendo Co (NTDOF)

Morgan Stanley analyst Kazuo Yoshikawa maintained a Hold rating on Nintendo Co today and set a price target of Yen8000.00. The company’s shares closed last Tuesday at $44.76.

According to TipRanks.com, Yoshikawa is ranked #655 out of 12296 analysts.

Currently, the analyst consensus on Nintendo Co is a Moderate Buy with an average price target of $75.01.

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