Analysts Offer Insights on Communication Services Companies: AppLovin (APP) and AT&T (T)

There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on AppLovin (APP – Research Report) and AT&T (T – Research Report) with bullish sentiments.

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AppLovin (APP)

In a report released yesterday, Omar Dessouky from Bank of America Securities reiterated a Buy rating on AppLovin, with a price target of $860.00. The company’s shares closed last Tuesday at $631.85.

According to TipRanks.com, Dessouky is a 5-star analyst with an average return of 46.3% and a 65.2% success rate. Dessouky covers the NA sector, focusing on stocks such as Playtika Holding, Electronic Arts, and Take-Two. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for AppLovin with a $655.39 average price target, representing a 10.1% upside. In a report issued on September 22, Jefferies also maintained a Buy rating on the stock with a $760.00 price target.

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AT&T (T)

In a report released today, Michael Funk from Bank of America Securities reiterated a Buy rating on AT&T, with a price target of $34.00. The company’s shares closed last Tuesday at $26.16.

According to TipRanks.com, Funk is ranked 0 out of 5 stars with an average return of -8.3% and a 35.0% success rate. Funk covers the Technology sector, focusing on stocks such as Zoom Video Communications, AST SpaceMobile, and Paylocity. ;'>

Currently, the analyst consensus on AT&T is a Moderate Buy with an average price target of $31.63, representing a 22.0% upside. In a report issued on October 5, RBC Capital also maintained a Buy rating on the stock.

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• Early notable gainers among liquid option names on October 7th
• Oppenheimer remains long-term bullish on AppLovin, expects more near-term noise
• AppLovin Stock (APP) Crashes 14% as SEC Probe Raises Data Concerns
• AppLovin selloff on data probe a buying opportunity, says Citi
• Fuzzy Panda says ‘warned investors’ in February about AppLovin practices