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Analysts Offer Insights on Communication Services Companies: Netflix (NFLX) and Live Nation Entertainment (LYV)

Tipranks - Sat Apr 18, 7:52AM CDT

There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Netflix (NFLX) and Live Nation Entertainment (LYV) with bullish sentiments.

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Netflix (NFLX)

BMO Capital analyst Brian Pitz reiterated a Buy rating on Netflix today and set a price target of $135.00. The company’s shares closed last Thursday at $107.79.

According to TipRanks.com, Pitz is a 5-star analyst with an average return of 13.5% and a 64.4% success rate. Pitz covers the Technology sector, focusing on stocks such as DoubleVerify Holdings, Uber Technologies, and Lyft. ;'>

Currently, the analyst consensus on Netflix is a Strong Buy with an average price target of $114.88, which is a 6.9% upside from current levels. In a report issued on April 9, Morgan Stanley also initiated coverage with a Buy rating on the stock with a $115.00 price target.

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Live Nation Entertainment (LYV)

In a report released today, Doug Creutz from TD Cowen maintained a Buy rating on Live Nation Entertainment. The company’s shares closed last Thursday at $160.59.

According to TipRanks.com, Creutz is a 5-star analyst with an average return of 13.6% and a 61.0% success rate. Creutz covers the NA sector, focusing on stocks such as Starz Entertainment Corp, Warner Music Group, and Paramount Skydance. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Live Nation Entertainment with a $190.20 average price target, representing a 21.8% upside. In a report issued on April 2, Wells Fargo also maintained a Buy rating on the stock with a $203.00 price target.

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