There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Live Nation Entertainment (LYV – Research Report) and Spotify Technology SA (SPOT – Research Report) with bullish sentiments.
Live Nation Entertainment (LYV)
Jefferies analyst David Katz reiterated a Buy rating on Live Nation Entertainment on January 18 and set a price target of $112.00. The company’s shares closed last Monday at $89.35.
According to TipRanks.com, Katz is a 4-star analyst with an average return of
Live Nation Entertainment has an analyst consensus of Strong Buy, with a price target consensus of $115.25, which is a 25.9% upside from current levels. In a report issued on January 12, Roth MKM also upgraded the stock to Buy with a $114.00 price target.
See the top stocks recommended by analysts >>
Spotify Technology SA (SPOT)
Barclays analyst Kannan Venkateshwar maintained a Buy rating on Spotify Technology SA on January 19 and set a price target of $216.00. The company’s shares closed last Monday at $206.16, close to its 52-week high of $209.88.
According to TipRanks.com, Venkateshwar is a 4-star analyst with an average return of
Currently, the analyst consensus on Spotify Technology SA is a Moderate Buy with an average price target of $210.26.
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Read More on LYV:
- Twilio upgraded, Nutrien downgraded: Wall Street’s top analyst calls
- Live Nation upgraded to Buy from Neutral at Roth MKM
- Live Nation management to meet virtually with Seaport Research
- Foot Locker upgraded, Deckers downgraded: Wall Street’s top analyst calls
- Live Nation just upgraded at Morgan Stanley, here’s why
