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Analysts Are Neutral on Top Communication Services Stocks: Snap (SNAP), Verizon (VZ)

Analysts fell to the sidelines weighing in on Snap (SNAPResearch Report), Verizon (VZResearch Report) and Interpublic Group of Companies (IPGResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Snap (SNAP)

Roth MKM analyst Rohit Kulkarni reiterated a Hold rating on Snap yesterday and set a price target of $14.00. The company’s shares closed last Monday at $11.14.

According to TipRanks.com, Kulkarni is a 5-star analyst with an average return of 18.7% and a 56.6% success rate. Kulkarni covers the NA sector, focusing on stocks such as Fiverr International, Alphabet Class A, and Meta Platforms.

Currently, the analyst consensus on Snap is a Hold with an average price target of $13.94, implying a 20.9% upside from current levels. In a report issued on April 16, Stifel Nicolaus also maintained a Hold rating on the stock with a $12.00 price target.

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

Verizon (VZ)

In a report released today, Kannan Venkateshwar from Barclays assigned a Hold rating to Verizon, with a price target of $44.00. The company’s shares closed last Monday at $38.60.

According to TipRanks.com, Venkateshwar is a 4-star analyst with an average return of 7.0% and a 56.3% success rate. Venkateshwar covers the NA sector, focusing on stocks such as Paramount Global Class B, Charter Communications, and Spotify Technology SA.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Verizon with a $43.88 average price target, a 6.0% upside from current levels. In a report released yesterday, Bank of America Securities also maintained a Hold rating on the stock with a $41.00 price target.

Interpublic Group of Companies (IPG)

In a report released yesterday, Steven Cahall from Wells Fargo maintained a Hold rating on Interpublic Group of Companies, with a price target of $32.00. The company’s shares closed last Monday at $31.03.

According to TipRanks.com, Cahall is a 4-star analyst with an average return of 2.7% and a 51.7% success rate. Cahall covers the NA sector, focusing on stocks such as E. W. Scripps Company Class A, Paramount Global Class B, and Charter Communications.

Interpublic Group of Companies has an analyst consensus of Moderate Buy, with a price target consensus of $35.50.

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