Wall Street Analysts Are Bullish on Top Communication Services Picks

There’s a lot to be optimistic about in the Communication Services sector as 3 analysts just weighed in on Liberty Media Liberty Formula One (FWONK – Research Report), Comcast (CMCSA – Research Report) and National Cinemedia (NCMI – Research Report) with bullish sentiments.

Liberty Media Liberty Formula One (FWONK)

In a report released today, Joseph Stauff from Susquehanna maintained a Buy rating on Liberty Media Liberty Formula One, with a price target of $121.00. The company’s shares closed last Tuesday at $104.99.

According to TipRanks.com, Stauff is a 5-star analyst with an average return of 14.7% and a 63.5% success rate. Stauff covers the NA sector, focusing on stocks such as Madison Square Garden Entertainment Corp., International Game Technology, and Rush Street Interactive.

Liberty Media Liberty Formula One has an analyst consensus of Strong Buy, with a price target consensus of $110.57.

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Comcast (CMCSA)

Benchmark Co. analyst Matthew Harrigan maintained a Buy rating on Comcast today and set a price target of $48.00. The company’s shares closed last Tuesday at $35.21.

According to TipRanks.com, Harrigan is a 1-star analyst with an average return of -0.6% and a 52.2% success rate. Harrigan covers the NA sector, focusing on stocks such as Atlanta Braves Holdings Inc Class A, Liberty Media Liberty Formula One, and Live Nation Entertainment.

Comcast has an analyst consensus of Moderate Buy, with a price target consensus of $40.91.

National Cinemedia (NCMI)

In a report released today, Mike Hickey from Benchmark Co. maintained a Buy rating on National Cinemedia, with a price target of $7.00. The company’s shares closed last Tuesday at $5.23.

According to TipRanks.com, Hickey is a 4-star analyst with an average return of 5.1% and a 62.8% success rate. Hickey covers the NA sector, focusing on stocks such as Dave & Busters Entertainment, Genius Sports Limited, and Sphere Entertainment.

Currently, the analyst consensus on National Cinemedia is a Strong Buy with an average price target of $7.13.

Read More on FWONK:

• Liberty Media receives European Commission approval for Dorna deal
• Formula One Group’s Growth Potential: Buy Rating Backed by Global Expansion and Strategic Partnerships
• Apple downgraded, Snowflake upgraded: Wall Street’s top analyst calls
• Bernstein starts entertainment sector with five Outperform ratings
• Liberty Formula One initiated with a Market Perform at Bernstein