There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Remark Media Inc (MARK) and Viacom Inc (VIAB) with bullish sentiments.
Remark Media Inc (MARK)
In a report released today, Darren Aftahi from Roth Capital maintained a Buy rating on Remark Media Inc, with a price target of $7.50. The company’s shares opened today at $1.18, close to its 52-week low of $1.05.
Aftahi wrote:
“We believe MARK is now able to focus on its crown jewel (AI services), which has begun to gain traction in numerous verticals over the past few quarters.”
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 14.7% and a 53.2% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.
Remark Media Inc has an analyst consensus of Moderate Buy, with a price target consensus of $7.50.
See today’s analyst top recommended stocks >>
Viacom Inc (VIAB)
Barrington analyst James Goss reiterated a Buy rating on Viacom Inc today and set a price target of $35. The company’s shares opened today at $28.26.
Goss said:
“We reiterate our OUTPERFORM investment rating: We assigned a price target of $35 when we raised our investment rating on January 2, 2019. Execution on the company’s strategy is beginning to show in financial results. Global opportunities will continue to complement a much more intense and better structured effort in domestic markets. We are also expecting that Paramount will become a greater component of the overall value of VIAB as its turnaround progresses. The $0.80 dividend yields 2.8% at current levels.”
According to TipRanks.com, Goss is a 5-star analyst with an average return of 12.1% and a 59.0% success rate. Goss covers the Services sector, focusing on stocks such as Nexstar Media Group Inc, iPic Entertainment Inc, and Sirius XM Holdings Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Viacom Inc with a $33.25 average price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
