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March 17, 2023
Twenty-First Century Fox Inc., Match Group Inc, NeoGames S.A., among others, are the communication_services stocks approaching important price targets.
Yesterday's session summary: Markets had an interesting day yesterday; Nasdaq gained 2.48% and closed at 11,717. S&P 500 closed the day at 3,960.28, having gained 1.76%.
What is a Price Target?
A "price target" is an estimate of the future price of a stock based on earnings forecasts and assumed valuation multiples. Price targets are typically generated by respected market analysts who believe a stock to be fairly valued relative to its projected and historical earnings. Target prices are used to evaluate stocks and can help investors evaluate the potential risk/reward profile of a stock. Check out this rundown of communication_services stocks and their price targets.
Twenty-First Century Fox Inc. is in the midst of an 18 day downtrend. a possible change of direction spotted from yesterday; Twenty-First Century Fox rose 39 cents to close at $30.22 yesterday which makes for a move of 1.31%. Yesterday's trading volume was 863,200 shares which is slightly below the 21-day average of 1.28 million.
Match Group climbs 0.33% to close at $36.62 yesterday. Trading volume totalled 3.40 million which equates to around 86% of the stock's 21-day average yesterday.
Match Group hit a significant low of $34.79 around 4 days ago, but has since recovered 4.92%. The online dating company's market cap currently stands at $10.23 billion with an average daily trading volume of 3.94 million shares. So far this year, it has been doing worse than the Nasdaq by 21.67%. Match Group's last revenue report was $786.15 million with an EPS of 30 cents.
NeoGames surges 5.74% to close at $15.28 yesterday. Yesterday's trading volume was 74,419 shares which is slightly below the 21-day average of 106,299.
The technology service provider has gained 9.89% since its lowest print of $11.2 earlier this year. The company is currently trading with a market cap of $391 million with an average daily volume of 106,299 shares. NeoGames is forecasted to generate revenues of $75.16 million and EPS of -9 cents.
