Analysts have been eager to weigh in on the Services sector with new ratings on R1 RCM (RCM) and ViacomCBS (VIAC).
R1 RCM (RCM)
RBC Capital analyst Sean Dodge maintained a Buy rating on R1 RCM on May 4 and set a price target of $35.00. The company’s shares closed last Thursday at $24.50.
According to TipRanks.com, Dodge is a 4-star analyst with an average return of 11.2% and a 56.1% success rate. Dodge covers the Technology sector, focusing on stocks such as Tabula Rasa HealthCare, Avid Technology, and Health Catalyst.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for R1 RCM with a $35.00 average price target, representing a 45.9% upside. In a report issued on May 5, Colliers Securities also reiterated a Buy rating on the stock with a $33.00 price target.
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ViacomCBS (VIAC)
In a report issued on May 5, Kutgun Maral from RBC Capital maintained a Hold rating on ViacomCBS, with a price target of $26.00. The company’s shares closed last Thursday at $38.15.
According to TipRanks.com, Maral is a 5-star analyst with an average return of 33.4% and a 74.0% success rate. Maral covers the Services sector, focusing on stocks such as Charter Communications, Sirius XM Holdings, and Warner Music Group.
Currently, the analyst consensus on ViacomCBS is a Hold with an average price target of $57.41, implying a 42.7% upside from current levels. In a report issued on April 26, MoffettNathanson also upgraded the stock to Hold.
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