Tag: SBGI

There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Sinclair Broadcast (SBGI – Research Report) and Electronic Arts (EA – Research Report) with bullish sentiments.

Sinclair Broadcast (SBGI)

In a report released today, Daniel Kurnos from Benchmark Co. assigned a Buy rating to Sinclair Broadcast, with a price target of $30.00. The company’s shares closed last Friday at $14.67.

According to TipRanks.com, Kurnos is a 2-star analyst with an average return of -0.1% and a 46.6% success rate. Kurnos covers the NA sector, focusing on stocks such as E. W. Scripps Company Class A, Paramount Global Class B, and IAC/InteractiveCorp.

Sinclair Broadcast has an analyst consensus of Moderate Buy, with a price target consensus of $23.00.

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Electronic Arts (EA)

In a report released today, Mike Hickey from Benchmark Co. reiterated a Buy rating on Electronic Arts, with a price target of $163.00. The company’s shares closed last Friday at $139.55.

According to TipRanks.com, Hickey is a 2-star analyst with an average return of -0.2% and a 60.9% success rate. Hickey covers the NA sector, focusing on stocks such as Genius Sports Limited, Sphere Entertainment, and Integral Ad Science.

Electronic Arts has an analyst consensus of Moderate Buy, with a price target consensus of $163.44, implying a 16.8% upside from current levels. In a report issued on September 19, Robert W. Baird also maintained a Buy rating on the stock with a $170.00 price target.

Read More on SBGI:

• Sinclair Broadcast price target raised to $30 from $29 at Benchmark
• Sinclair Broadcast raises FY24 political revenue outlook to $442M-$469M
• Sinclair’s TBD. adds previous SNL seasons to lineup
• Sinclair Broadcast expands podcast division with slate of sports programming
• Sinclair Broadcast sees Q3 revenue $898M-$929M, consensus $891.08M