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Analysts Have Conflicting Sentiments on These Communication Services Companies: Spotify (SPOT) and fuboTV (FUBO)

Tipranks - Wed Jan 28, 8:32AM CST

Analysts have been eager to weigh in on the Communication Services sector with new ratings on Spotify (SPOTResearch Report) and fuboTV (FUBOResearch Report).

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Spotify (SPOT)

In a report released today, James Heaney CFA from Jefferies maintained a Buy rating on Spotify, with a price target of $750.00. The company’s shares closed last Tuesday at $512.42.

According to TipRanks.com, CFA is a 5-star analyst with an average return of 22.9% and a 43.1% success rate. CFA covers the NA sector, focusing on stocks such as Universal Music Group, Warner Music Group, and Walt Disney. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Spotify with a $717.70 average price target, representing a 40.0% upside. In a report issued on January 15, TipRanks – Anthropic also upgraded the stock to Buy with a $599.00 price target.

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fuboTV (FUBO)

In a report released today, Patrick Sholl from Barrington maintained a Hold rating on fuboTV. The company’s shares closed last Tuesday at $2.26.

According to TipRanks.com, Sholl is a 3-star analyst with an average return of 5.7% and a 39.2% success rate. Sholl covers the NA sector, focusing on stocks such as Clear Channel Outdoor, Nexstar Media Group, and Sirius XM Holdings. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for fuboTV with a $4.63 average price target, which is a 104.0% upside from current levels. In a report issued on January 15, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $2.50 price target.

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