Wall Street Analysts Are Bullish on Top Communication Services Picks

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There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Baidu (BIDU – Research Report) and Warner Music Group (WMG – Research Report) with bullish sentiments.

Baidu (BIDU)

Citi analyst Alicia Yap maintained a Buy rating on Baidu today and set a price target of $176.00. The company’s shares closed last Tuesday at $96.12, close to its 52-week low of $95.95.

According to TipRanks.com, Yap is ranked #8396 out of 8783 analysts.

Currently, the analyst consensus on Baidu is a Strong Buy with an average price target of $159.37, representing a 66.3% upside. In a report issued on April 8, Morgan Stanley also reiterated a Buy rating on the stock with a $140.00 price target.

See the top stocks recommended by analysts >>

Warner Music Group (WMG)

In a report released yesterday, David Karnovsky from J.P. Morgan reiterated a Buy rating on Warner Music Group, with a price target of $42.00. The company’s shares closed last Tuesday at $33.66.

According to TipRanks.com, Karnovsky is a 4-star analyst with an average return of 10.9% and a 67.8% success rate. Karnovsky covers the NA sector, focusing on stocks such as Liberty Media Liberty Formula One, Interpublic Group of Companies, and Endeavor Group Holdings Inc.

Warner Music Group has an analyst consensus of Moderate Buy, with a price target consensus of $37.71, representing a 13.6% upside. In a report issued on April 5, Guggenheim also maintained a Buy rating on the stock with a $45.00 price target.

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