Analysts Conflicted on These Communication Services Names: Clear Channel Outdoor (CCO) and Reddit Inc Class A (RDDT)
Analysts have been eager to weigh in on the Communication Services sector with new ratings on Clear Channel Outdoor (CCO – Research Report) and Reddit Inc Class A (RDDT – Research Report).
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Clear Channel Outdoor (CCO)
Barrington analyst Patrick Sholl reiterated a Hold rating on Clear Channel Outdoor today. The company’s shares closed last Monday at $1.95.
According to TipRanks.com, Sholl is a 2-star analyst with an average return of
Clear Channel Outdoor has an analyst consensus of Hold, with a price target consensus of $2.09, which is a 9.4% upside from current levels. In a report issued on October 29, Citi also maintained a Hold rating on the stock with a $2.10 price target.
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Reddit Inc Class A (RDDT)
In a report released today, Youssef Squali from Truist Financial maintained a Buy rating on Reddit Inc Class A. The company’s shares closed last Monday at $204.19, close to its 52-week high of $230.41.
According to TipRanks.com, Squali is a 4-star analyst with an average return of
Reddit Inc Class A has an analyst consensus of Moderate Buy, with a price target consensus of $253.81, which is a 26.9% upside from current levels. In a report issued on October 30, Citi also maintained a Buy rating on the stock with a $250.00 price target.
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- Clear Channel Outdoor price target raised to $2 from $1.75 at Morgan Stanley
- Clear Channel Outdoor Reports Revenue Growth Amid Strategic Shifts
- Clear Channel Outdoor’s Earnings Call Highlights Growth and Strategy
- Clear Channel Outdoor reports Q3 revenue $405.64M, consensus $402.03M
- Clear Channel narrows FY25 revenue view to $1.58B-$1.6B from $1.57B-$1.6B
