There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Spotify Technology SA (SPOT – Research Report) and DoorDash (DASH – Research Report) with bullish sentiments.
Spotify Technology SA (SPOT)
In a report released today, Jessica Reif Ehrlich from Bank of America Securities maintained a Buy rating on Spotify Technology SA. The company’s shares closed last Tuesday at $263.52, close to its 52-week high of $278.30.
According to TipRanks.com, Ehrlich is a 4-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Spotify Technology SA with a $269.60 average price target, implying a 3.1% upside from current levels. In a report issued on March 27, HSBC also initiated coverage with a Buy rating on the stock with a $310.00 price target.
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DoorDash (DASH)
In a report released today, Mike McGovern from Bank of America Securities maintained a Buy rating on DoorDash. The company’s shares closed last Tuesday at $136.30, close to its 52-week high of $143.34.
According to TipRanks.com, McGovern is a 3-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for DoorDash with a $132.17 average price target, which is a -4.2% downside from current levels. In a report issued on March 27, JMP Securities also maintained a Buy rating on the stock with a $160.00 price target.
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