Analysts Offer Insights on Communication Services Companies: Netflix (NFLX) and Live Nation Entertainment (LYV)
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
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
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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- Netflix price target lowered to $120 from $130 at Guggenheim
- Netflix (NFLX) Story Is ‘Lacking Excitement,’ Analyst Says as Stock Plunges 10% after Q1
- Netflix price target lowered to $120 from $135 at Oppenheimer
- Netflix Stock Crashes Post Q1 Earnings: Why Needham Says It’s a ‘Buy on Weakness’
- Morgan Stanley would ‘buy the dip’ in Netflix after earnings
