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 Sirius XM Holdings (SIRI – Research Report) with bullish sentiments.
Spotify Technology SA (SPOT)
Barclays analyst Kannan Venkateshwar maintained a Buy rating on Spotify Technology SA today and set a price target of $350.00. The company’s shares closed last Tuesday at $303.31, close to its 52-week high of $319.30.
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 $309.00, which is a 2.6% upside from current levels. In a report issued on April 11, Evercore ISI also maintained a Buy rating on the stock with a $285.00 price target.
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Sirius XM Holdings (SIRI)
In a report released today, Jeffrey Wlodarczak from Pivotal Research upgraded Sirius XM Holdings to Buy, with a price target of $4.90. The company’s shares closed last Tuesday at $3.16, close to its 52-week low of $3.04.
According to TipRanks.com, Wlodarczak is a 3-star analyst with an average return of
Sirius XM Holdings has an analyst consensus of Hold, with a price target consensus of $4.61.
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Read More on SPOT:
- SPOT Earnings: Spotify Soars with €1 Billion in Gross Profits
- Options Volatility and Implied Earnings Moves Today, April 23, 2024
- Spotify Reports Soaring Revenue and Profitability
- Spotify price target raised to $350 from $270 at Morgan Stanley
- Spotify price target raised to $330 from $300 at Macquarie
