There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Roku (ROKU – Research Report) and Spotify Technology SA (SPOT – Research Report) with bullish sentiments.
Roku (ROKU)
J.P. Morgan analyst Cory Carpenter maintained a Buy rating on Roku today. The company’s shares closed last Friday at $56.90, close to its 52-week low of $51.62.
According to TipRanks.com, Carpenter ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of
Roku has an analyst consensus of Moderate Buy, with a price target consensus of $82.93, representing a 44.1% upside. In a report issued on April 19, Benchmark Co. also maintained a Buy rating on the stock with a $115.00 price target.
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Spotify Technology SA (SPOT)
Evercore ISI analyst Mark Mahaney maintained a Buy rating on Spotify Technology SA yesterday and set a price target of $285.00. The company’s shares closed last Friday at $275.83.
According to TipRanks.com, Mahaney is a top 25 analyst with an average return of
Spotify Technology SA has an analyst consensus of Moderate Buy, with a price target consensus of $299.09, implying a 5.0% upside from current levels. In a report issued on April 8, J.P. Morgan also maintained a Buy rating on the stock with a $320.00 price target.
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