Analysts have been eager to weigh in on the Communication Services sector with new ratings on Snap (SNAP – Research Report), Loop Media (LPTV – Research Report) and Spotify Technology SA (SPOT – Research Report).
Snap (SNAP)
In a report released today, Jason Helfstein from Oppenheimer maintained a Hold rating on Snap. The company’s shares closed last Tuesday at $17.45, close to its 52-week high of $17.90.
According to TipRanks.com, Helfstein is a 5-star analyst with an average return of
The word on The Street in general, suggests a Hold analyst consensus rating for Snap with a $14.50 average price target, implying a -13.6% downside from current levels. In a report issued on January 26, Roth MKM also maintained a Hold rating on the stock with a $14.00 price target.
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Loop Media (LPTV)
In a report released today, Eric Wold from B.Riley Financial reiterated a Buy rating on Loop Media, with a price target of $2.50. The company’s shares closed last Tuesday at $0.69, close to its 52-week low of $0.25.
According to TipRanks.com, Wold ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Loop Media with a $2.25 average price target.
Spotify Technology SA (SPOT)
In a report released today, Jed Kelly from Oppenheimer maintained a Hold rating on Spotify Technology SA. The company’s shares closed last Tuesday at $231.92, close to its 52-week high of $248.67.
According to TipRanks.com, Kelly is a 3-star analyst with an average return of
Spotify Technology SA has an analyst consensus of Moderate Buy, with a price target consensus of $260.56, implying an 8.1% upside from current levels. In a report released today, DZ BANK AG also upgraded the stock to Hold with a $240.00 price target.
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Read More on SNAP:
- Snap (NYSE:SNAP) Plummets After Q4 Revenue Miss and Bleak Forecast
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- Snap price target raised to $18 from $16 at BofA
- Snap cut ‘several’ senior executives in Monday’s layoffs, Information reports
