Analysts Conflicted on These Communication Services Names: Perion Network (PERI) and IMAX (IMAX) | Markets Insider
Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on Perion Network (PERI – Research Report) and IMAX (IMAX – Research Report).
Perion Network (PERI)
Roth MKM analyst Jeff Martin maintained a Hold rating on Perion Network today and set a price target of $9.00. The company’s shares closed last Wednesday at $8.55, close to its 52-week low of $7.47.
Martin has an average return of 47.5% when recommending Perion Network.
According to TipRanks.com, Martin is ranked #460 out of 9389 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Perion Network with a $10.00 average price target, a 18.5% upside from current levels. In a report released yesterday, Needham also maintained a Hold rating on the stock.
IMAX (IMAX)
In a report released today, Eric Handler from Roth MKM maintained a Buy rating on IMAX, with a price target of $32.00. The company’s shares closed last Wednesday at $27.22, close to its 52-week high of $27.38.
According to TipRanks.com, Handler is a 5-star analyst with an average return of 13.6% and a 63.7% success rate. Handler covers the NA sector, focusing on stocks such as Live Nation Entertainment, TKO Group Holdings, and Cinemark Holdings.
Currently, the analyst consensus on IMAX is a Strong Buy with an average price target of $29.71, a 12.1% upside from current levels. In a report released yesterday, Rosenblatt Securities also maintained a Buy rating on the stock with a $35.00 price target.