Analysts Offer Insights on Communication Services Companies: Meta Platforms (META) and Roblox (RBLX)
Analysts have been eager to weigh in on the Communication Services sector with new ratings on Meta Platforms (META – Research Report) and Roblox (RBLX – Research Report).
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Meta Platforms (META)
In a report released today, Paul Chew from Phillip Securities maintained a Buy rating on Meta Platforms, with a price target of $720.00. The company's shares closed last Friday at $697.71, close to its 52-week high of $740.91.
According to TipRanks.com, Chew is a 5-star analyst with an average return of 14.6% and a 65.6% success rate. Chew covers the NA sector, focusing on stocks such as Alphabet Class A, NetLink NBN, and StarHub. ;'>
Currently, the analyst consensus on Meta Platforms is a Strong Buy with an average price target of $698.07, implying a 0.3% upside from current levels. In a report issued on June 2, Citizens JMP also reiterated a Buy rating on the stock with a $750.00 price target.
Roblox (RBLX)
TD Cowen analyst Doug Creutz reiterated a Sell rating on Roblox today and set a price target of $40.00. The company's shares closed last Friday at $95.80.
According to TipRanks.com, Creutz is a 5-star analyst with an average return of 15.2% and a 64.4% success rate. Creutz covers the NA sector, focusing on stocks such as Live Nation Entertainment, Paramount Global Class B, and Starz Entertainment Corp. ;'>
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Roblox with a $78.55 average price target.
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