Analysts Are Neutral on These Communication Services Stocks: Meta Platforms (META), Snap (SNAP)

TipRanks
Apr. 22, 2024, 05:20 AM

Analysts fell to the sidelines weighing in on Meta Platforms (METAResearch Report) and Snap (SNAPResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Meta Platforms (META)

Benchmark Co. analyst Mark Zgutowicz maintained a Hold rating on Meta Platforms today. The company’s shares closed last Friday at $481.07, close to its 52-week high of $531.49.

According to TipRanks.com, Zgutowicz is a 5-star analyst with an average return of 25.8% and a 55.8% success rate. Zgutowicz covers the NA sector, focusing on stocks such as Spotify Technology SA, Getty Images Holdings, and Integral Ad Science.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Meta Platforms with a $554.27 average price target.

See the top stocks recommended by analysts >>

Snap (SNAP)

In a report released today, Youssef Squali from Truist Financial maintained a Hold rating on Snap. The company’s shares closed last Friday at $11.16.

According to TipRanks.com, Squali is a 5-star analyst with an average return of 15.6% and a 55.5% success rate. Squali covers the Technology sector, focusing on stocks such as ODDITY Tech Ltd. Class A, DoubleVerify Holdings, and Uber Technologies.

Currently, the analyst consensus on Snap is a Hold with an average price target of $13.94, which is 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.

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