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Analysts Conflicted on These Communication Services Names: Snap (SNAP) and Roblox (RBLX)

Analysts have been eager to weigh in on the Communication Services sector with new ratings on Snap (SNAPResearch Report) and Roblox (RBLXResearch Report).

Snap (SNAP)

Monness analyst Brian White maintained a Hold rating on Snap today. The company’s shares closed last Friday at $11.16.

According to TipRanks.com, White is a top 100 analyst with an average return of 21.3% and a 66.4% success rate. White covers the Technology sector, focusing on stocks such as Palantir Technologies, Salesforce, and Snowflake.

Snap has an analyst consensus of Hold, with a price target consensus of $13.94, a 19.7% upside from current levels. In a report issued on April 16, Stifel Nicolaus also maintained a Hold rating on the stock with a $12.00 price target.

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

Roblox (RBLX)

Stifel Nicolaus analyst Drew Crum maintained a Buy rating on Roblox today and set a price target of $53.00. The company’s shares closed last Friday at $35.34.

According to TipRanks.com, Crum is a 5-star analyst with an average return of 9.0% and a 53.2% success rate. Crum covers the NA sector, focusing on stocks such as OneWater Marine, Marinemax, and Brunswick.

Currently, the analyst consensus on Roblox is a Moderate Buy with an average price target of $49.72, which is a 40.8% upside from current levels. In a report issued on April 7, Wells Fargo also maintained a Buy rating on the stock with a $50.00 price target.

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