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Analysts Offer Insights on Communication Services Companies: Twilio (TWLO), Angi (ANGI) and The Arena Group (AREN)

Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on Twilio (TWLOResearch Report), Angi (ANGIResearch Report) and The Arena Group (ARENResearch Report).

Twilio (TWLO)

Piper Sandler analyst James Fish reiterated a Buy rating on Twilio today and set a price target of $78.00. The company’s shares closed last Wednesday at $72.27.

According to TipRanks.com, Fish is a 5-star analyst with an average return of 11.8% and a 60.7% success rate. Fish covers the Technology sector, focusing on stocks such as Zoom Video Communications, DigitalOcean Holdings, and CommVault Systems.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Twilio with a $73.24 average price target, implying a 5.8% upside from current levels. In a report issued on February 6, Northland Securities also maintained a Buy rating on the stock with a $66.00 price target.

See today’s best-performing stocks on TipRanks >>

Angi (ANGI)

In a report released today, Thomas Champion from Piper Sandler maintained a Hold rating on Angi, with a price target of $3.00. The company’s shares closed last Wednesday at $2.89.

According to TipRanks.com, Champion is a 2-star analyst with an average return of -0.4% and a 45.2% success rate. Champion covers the NA sector, focusing on stocks such as Endeavor Group Holdings Inc, Zillow Group Class A, and IAC/InteractiveCorp.

Currently, the analyst consensus on Angi is a Moderate Buy with an average price target of $3.98, implying a 59.8% upside from current levels. In a report released yesterday, RBC Capital also maintained a Hold rating on the stock with a $3.25 price target.

The Arena Group (AREN)

In a report released today, Mark Argento from Lake Street maintained a Buy rating on The Arena Group, with a price target of $11.00. The company’s shares closed last Wednesday at $1.39, close to its 52-week low of $0.77.

According to TipRanks.com, Argento is ranked #849 out of 8720 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for The Arena Group with a $11.00 average price target.

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