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Analysts Offer Insights on Communication Services Companies: Cardlytics (CDLX) and Paramount Global Class B (PARA)

There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Cardlytics (CDLXResearch Report) and Paramount Global Class B (PARAResearch Report) with bullish sentiments.

Cardlytics (CDLX)

In a report released today, Jacob Stephan from Lake Street reiterated a Buy rating on Cardlytics, with a price target of $18.00. The company’s shares closed last Thursday at $8.19.

According to TipRanks.com, Stephan is a 4-star analyst with an average return of 9.0% and a 62.5% success rate. Stephan covers the Technology sector, focusing on stocks such as Priority Technology Holdings, Markforged Holding, and Alkami Technology.

Currently, the analyst consensus on Cardlytics is a Strong Buy with an average price target of $17.00, representing a 101.2% upside. In a report released today, Craig-Hallum also upgraded the stock to Buy with a $18.00 price target.

See the top stocks recommended by analysts >>

Paramount Global Class B (PARA)

Seaport Global analyst David Joyce maintained a Buy rating on Paramount Global Class B today and set a price target of $15.00. The company’s shares closed last Thursday at $11.26, close to its 52-week low of $10.16.

According to TipRanks.com, Joyce is a 2-star analyst with an average return of 0.3% and a 51.9% success rate. Joyce covers the NA sector, focusing on stocks such as Liberty Media Liberty Formula One, Liberty Media Liberty Formula One, and Endeavor Group Holdings Inc.

Paramount Global Class B has an analyst consensus of Hold, with a price target consensus of $13.06, representing a 12.1% upside. In a report issued on February 29, Benchmark Co. also maintained a Buy rating on the stock with a $19.00 price target.

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