There’s a lot to be optimistic about in the Communication Services sector as 3 analysts just weighed in on Pinterest (PINS – Research Report), Snap (SNAP – Research Report) and Alphabet Class A (GOOGL – Research Report) with bullish sentiments.
Pinterest (PINS)
In a report released yesterday, Mark Mahaney from Evercore ISI maintained a Buy rating on Pinterest, with a price target of $50.00. The company’s shares closed last Monday at $39.67, close to its 52-week high of $40.95.
According to TipRanks.com, Mahaney is a top 25 analyst with an average return of
Pinterest has an analyst consensus of Strong Buy, with a price target consensus of $44.38, representing an 11.1% upside. In a report released yesterday, KeyBanc also maintained a Buy rating on the stock with a $48.00 price target.
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Snap (SNAP)
BMO Capital analyst Brian Pitz maintained a Buy rating on Snap yesterday and set a price target of $22.00. The company’s shares closed last Monday at $16.75, close to its 52-week high of $17.90.
According to TipRanks.com, Pitz is a top 100 analyst with an average return of
Currently, the analyst consensus on Snap is a Moderate Buy with an average price target of $17.47, representing a 1.6% upside. In a report issued on January 26, Deutsche Bank also upgraded the stock to Buy with a $19.00 price target.
Alphabet Class A (GOOGL)
In a report issued on February 1, Sachin Mittal from DBS maintained a Buy rating on Alphabet Class A, with a price target of $175.00. The company’s shares closed last Monday at $143.68, close to its 52-week high of $153.78.
According to TipRanks.com, Mittal is a 5-star analyst with an average return of
Currently, the analyst consensus on Alphabet Class A is a Strong Buy with an average price target of $164.14, representing a 14.9% upside. In a report issued on January 17, Mizuho Securities also maintained a Buy rating on the stock with a $170.00 price target.
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Read More on PINS:
- Cathie Wood’s ARK Investment bought 62.4K shares of Pinterest today
- Cathie Wood’s ARK Investment bought 173.4K shares of Pinterest today
- #SocialStocks: Tech heads testify in child safety hearing
- Cathie Wood’s ARK Investment bought 55K shares of Pinterest today
- Pinterest price target raised to $37 from $31 at Roth MKM
