Latest news with #CommunicationServices
Globe and Mail
4 days ago
- Business
- Globe and Mail
Analysts Offer Insights on Communication Services Companies: Warner Bros (WBD) and DoorDash (DASH)
Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on Warner Bros (WBD – Research Report) and DoorDash (DASH – Research Report). Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Warner Bros (WBD) Bernstein analyst Laurent Yoon maintained a Hold rating on Warner Bros today and set a price target of $11.00. The company's shares closed last Thursday at $11.65. According to Yoon is a 4-star analyst with an average return of 10.3% and a 75.0% success rate. Yoon covers the NA sector, focusing on stocks such as Paramount Global Class B, Charter Communications, and T Mobile US. ;'> The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Warner Bros with a $12.82 average price target, which is an 11.6% upside from current levels. In a report issued on July 2, Wells Fargo also maintained a Hold rating on the stock with a $11.00 price target. DoorDash (DASH) In a report released today, Mike McGovern from Bank of America Securities maintained a Buy rating on DoorDash, with a price target of $245.00. The company's shares closed last Thursday at $238.24. McGovern has an average return of 33.3% when recommending DoorDash. ;'> According to McGovern is ranked #1798 out of 9871 analysts. DoorDash has an analyst consensus of Moderate Buy, with a price target consensus of $229.04, which is a -6.7% downside from current levels. In a report issued on June 29, Raymond James also maintained a Buy rating on the stock.
Globe and Mail
6 days ago
- Business
- Globe and Mail
Walt Disney (DIS) Gets a Buy from Barclays
Barclays analyst Kannan Venkateshwar maintained a Buy rating on Walt Disney today and set a price target of $140.00. The company's shares closed yesterday at $121.82. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Venkateshwar is a 5-star analyst with an average return of 10.1% and a 57.97% success rate. Venkateshwar covers the Communication Services sector, focusing on stocks such as T Mobile US, Warner Bros, and Paramount Global Class B. Walt Disney has an analyst consensus of Strong Buy, with a price target consensus of $129.24, implying a 6.09% upside from current levels. In a report released on June 30, Seaport Global also maintained a Buy rating on the stock with a $130.00 price target. The company has a one-year high of $124.69 and a one-year low of $80.10. Currently, Walt Disney has an average volume of 10.54M. Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DIS in relation to earlier this year. Most recently, in May 2025, Brent Woodford, the EVP, Control, Fin Plan & Tax of DIS sold 1,000.00 shares for a total of $110,840.00.
Yahoo
24-06-2025
- Business
- Yahoo
Wall Street bull calls for another 10% rally in S&P 500 by end of 2025
The S&P 500 (^GSPC) is back within one percentage point of an all-time high. One of Wall Street's notorious bulls believes the benchmark index has plenty further to run this year. BMO Capital Markets chief investment strategist Brian Belski boosted his year-end target to 6,700 from a prior forecast of 6,100. Belski had previously reduced his forecast amid the tariff turmoil that tanked markets in April. But now, with the market's largest tariff fears believed by strategists to be behind investors, Belski detailed a more sanguine outlook in a note sent to clients on Tuesday entitled "same as it ever was." "The signposts we called out in April are largely in place – markets are transitioning TO 'show me' FROM 'scare me,"' Belski wrote. "We believe performance is broadening, reactions from daily rhetoric are calming, and actual corporate guidance will increase coming out of the 2Q earnings reporting period." Belski's call for a roughly 10% rally for the S&P 500 from current levels joins a growing list of such predictions from rejuvenated bulls as the market marches back toward record highs. No fewer than 11 Wall Street firms lowered their S&P 500 targets amid the market sell-off in April. At least eight of those have since raised their bets on where the index will end 2025. Read more: How to protect your money during turmoil, stock market volatility Belski points out that economic forecasts have once again begun reverting higher, along with projections for corporate earnings this year. In fact, he argues, earnings estimates for Communication Services (XLC), Consumer Discretionary (XLY), Technology (XLK), and "ESPECIALLY" Financials (XLF) likely haven't recovered enough. Belski admitted he cut his target on April 9, prior to Trumps' first large "reciprocal" tariff delay, explaining that maintaining a market target that at the time was 30% above the S&P 500's current level was "not thoughtful." But the narrative quickly shifted with President Trump's various tariff pauses pushing the effective US tariff rate from a peak above 25% to about 14%, per the Yale Budget Lab. With that shift has come the unwind of several popular trades of the early April period, including the so-called Sell America trade, which Belski believes was overdone. "The death of 'American Exceptionalism' was widely exaggerated and too vehemently applauded to hold any merit or duration in our view," Belski wrote. "After all, we continue to believe US stocks are the best global equity asset, offering the most consistent fundamentals, ingenuity, and diversification than any other market in the world." Josh Schafer is a reporter for Yahoo Finance. Follow him on X @_joshschafer.
Globe and Mail
24-06-2025
- Business
- Globe and Mail
Analysts' Top Communication Services Picks: Meta Platforms (META), BuzzFeed (BZFD)
There's a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Meta Platforms (META – Research Report) and BuzzFeed (BZFD – Research Report) with bullish sentiments. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Meta Platforms (META) In a report released today, Mark Shmulik from Bernstein maintained a Buy rating on Meta Platforms, with a price target of $700.00. The company's shares closed last Monday at $681.53. According to Shmulik is a 5-star analyst with an average return of 27.3% and a 79.2% success rate. Shmulik covers the NA sector, focusing on stocks such as Alphabet Class A, Pinterest, and Snap. ;'> Currently, the analyst consensus on Meta Platforms is a Strong Buy with an average price target of $707.16, a 0.9% upside from current levels. In a report issued on June 9, Phillip Securities also maintained a Buy rating on the stock with a $720.00 price target. BuzzFeed (BZFD) Craig-Hallum analyst Jason Kreyer maintained a Buy rating on BuzzFeed today. The company's shares closed last Monday at $2.04. According to Kreyer is a 5-star analyst with an average return of 13.8% and a 44.4% success rate. Kreyer covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Navitas Semiconductor, and Creative Realities. ;'> BuzzFeed has an analyst consensus of Moderate Buy, with a price target consensus of $4.00.
Globe and Mail
10-06-2025
- Business
- Globe and Mail
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). Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter 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 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 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.
