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Analysts Are Bullish on Top Communication Services Stocks: Globalstar (GSAT), Groupon (GRPN)

There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Globalstar (GSATResearch Report) and Groupon (GRPNResearch Report) with bullish sentiments.

Globalstar (GSAT)

Craig-Hallum analyst George Sutton assigned a Buy rating to Globalstar today. The company’s shares closed last Tuesday at $1.19, close to its 52-week low of $1.01.

According to TipRanks.com, Sutton is a 5-star analyst with an average return of 13.6% and a 51.5% success rate. Sutton covers the Technology sector, focusing on stocks such as Transact Technologies, The Hackett Group, and Innodata Isogen.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Globalstar with a $0.99 average price target.

See today’s best-performing stocks on TipRanks >>

Groupon (GRPN)

Groupon received a Buy rating and a $20.00 price target from Northland Securities analyst Bobby Brooks, CFA today. The company’s shares closed last Tuesday at $10.27.

According to TipRanks.com, CFA is ranked #3146 out of 9104 analysts.

Groupon has an analyst consensus of Moderate Buy, with a price target consensus of $19.00, an 81.0% upside from current levels. In a report issued on October 3, Roth MKM also reiterated a Buy rating on the stock with a $26.00 price target.

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