Analysts Conflicted on These Communication Services Names: Upwork (UPWK) and Nexxen International (NEXN)
Analysts have been eager to weigh in on the Communication Services sector with new ratings on Upwork (UPWK) and Nexxen International (NEXN).
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Upwork (UPWK)
RBC Capital analyst Brad Erickson maintained a Hold rating on Upwork on April 27 and set a price target of $20.00. The company’s shares closed last Tuesday at $10.38.
According to TipRanks.com, Erickson is a 5-star analyst with an average return of
Currently, the analyst consensus on Upwork is a Moderate Buy with an average price target of $21.22, a 97.6% upside from current levels. In a report issued on April 12, TipRanks – xAI also downgraded the stock to Hold with a $11.50 price target.
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Nexxen International (NEXN)
In a report issued on April 27, Matthew Swanson from RBC Capital maintained a Buy rating on Nexxen International, with a price target of $10.00. The company’s shares closed last Tuesday at $7.34, close to its 52-week low of $6.93.
According to TipRanks.com, Swanson is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of
Currently, the analyst consensus on Nexxen International is a Strong Buy with an average price target of $9.25.
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