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Analysts Offer Insights on Communication Services Companies: SoftBank Group (OtherSFTBF), Sphere Entertainment (SPHR) and BCE (BCE)

Tipranks - Tipranks - Wed May 20, 6:52AM CDT

There’s a lot to be optimistic about in the Communication Services sector as 3 analysts just weighed in on SoftBank Group (SFTBF), Sphere Entertainment (SPHR) and BCE (BCE) with bullish sentiments.

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SoftBank Group (SFTBF)

In a report released yesterday, Andres Sheppard from Cantor Fitzgerald reiterated a Buy rating on SoftBank Group, with a price target of Yen6900.00. The company’s shares closed last Monday at $36.43.

According to TipRanks.com, Sheppard is a 5-star analyst with an average return of 20.9% and a 46.4% success rate. Sheppard covers the Industrial Goods sector, focusing on stocks such as BETA Technologies, Inc. Class A, PureCycle Technologies, and Serve Robotics Inc. ;'>

Currently, the analyst consensus on SoftBank Group is a Moderate Buy with an average price target of $39.05, an 11.6% upside from current levels. In a report released yesterday, Bernstein also initiated coverage with a Buy rating on the stock with a Yen8200.00 price target.

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Sphere Entertainment (SPHR)

In a report released today, Tyler DiMatteo from BTIG reiterated a Buy rating on Sphere Entertainment, with a price target of $190.00. The company’s shares closed last Monday at $137.42.

According to TipRanks.com, DiMatteo is a 3-star analyst with an average return of 4.8% and a 64.3% success rate. DiMatteo covers the NA sector, focusing on stocks such as Madison Square Garden Sports, Nexxen International, and TKO Group Holdings. ;'>

Currently, the analyst consensus on Sphere Entertainment is a Strong Buy with an average price target of $160.60, which is a 19.0% upside from current levels. In a report issued on May 5, TipRanks – PerPlexity also upgraded the stock to Buy with a $150.00 price target.

BCE (BCE)

RBC Capital analyst Drew Mcreynolds maintained a Buy rating on BCE yesterday and set a price target of C$39.00. The company’s shares closed last Monday at $23.82, close to its 52-week low of $21.87.

According to TipRanks.com, Mcreynolds is a 4-star analyst with an average return of 4.1% and a 51.4% success rate. Mcreynolds covers the NA sector, focusing on stocks such as Cogeco Communications, Rogers Communication, and WildBrain. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BCE with a $28.02 average price target, implying a 18.1% upside from current levels. In a report issued on May 9, TipRanks – DeepSeek also upgraded the stock to Buy with a C$37.00 price target.

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