Analysts have been eager to weigh in on the Communication Services sector with new ratings on Meta Platforms (META – Research Report) and Paramount Global Class B (PARA – Research Report).
Meta Platforms (META)
Wells Fargo analyst Ken Gawrelski assigned a Buy rating to Meta Platforms yesterday and set a price target of $625.00. The company’s shares closed last Monday at $529.32, close to its 52-week high of $531.49.
According to TipRanks.com, Gawrelski is a 4-star analyst with an average return of
Currently, the analyst consensus on Meta Platforms is a Strong Buy with an average price target of $528.53, representing a -2.5% downside. In a report issued on June 25, Goldman Sachs also maintained a Buy rating on the stock with a $500.00 price target.
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Paramount Global Class B (PARA)
Barclays analyst Kannan Venkateshwar assigned a Sell rating to Paramount Global Class B today and set a price target of $12.00. The company’s shares closed last Monday at $11.18.
According to TipRanks.com, Venkateshwar is a 4-star analyst with an average return of
Currently, the analyst consensus on Paramount Global Class B is a Moderate Sell with an average price target of $11.68, which is a -2.3% downside from current levels. In a report issued on June 25, Goldman Sachs also initiated coverage with a Sell rating on the stock with a $9.50 price target.
Read More on META:
- Wells Fargo’s Praise Can’t Keep Meta Platforms (NASDAQ:META) Aloft
- Jefferies Internet and software analyst to hold analyst/industry conference call
- Meta Platforms Stock (NASDAQ:META): Likely Overvalued in the Near Term
- Early notable gainers among liquid option names on July 5th
- Meta’s Threads Crosses 175M MAUs
