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Analysts Have Conflicting Sentiments on These Communication Services Companies: Nexxen International (NEXN), Snap (SNAP) and Verizon (VZ)

Tipranks - Tipranks - Thu Jun 18, 6:06AM CDT

Analysts have been eager to weigh in on the Communication Services sector with new ratings on Nexxen International (NEXN), Snap (SNAP) and Verizon (VZ).

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Nexxen International (NEXN)

Needham analyst Laura Martin maintained a Buy rating on Nexxen International today and set a price target of $10.50. The company’s shares closed last Tuesday at $8.75, close to its 52-week low of $6.93.

According to TipRanks.com, Martin is a 5-star analyst with an average return of 11.0% and a 52.6% success rate. Martin covers the NA sector, focusing on stocks such as DoubleVerify Holdings, Paramount Skydance, and Reddit Inc Class A. ;'>

Nexxen International has an analyst consensus of Strong Buy, with a price target consensus of $10.50, which is a 20.8% upside from current levels. In a report released yesterday, BTIG also maintained a Buy rating on the stock with a $10.00 price target.

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Snap (SNAP)

Wells Fargo analyst Alec Brondolo maintained a Hold rating on Snap today and set a price target of $7.00. The company’s shares closed last Tuesday at $5.16.

According to TipRanks.com, Brondolo is a 3-star analyst with an average return of 3.4% and a 49.2% success rate. Brondolo covers the NA sector, focusing on stocks such as DoubleVerify Holdings, Zillow Group Class A, and Reddit Inc Class A. ;'>

Currently, the analyst consensus on Snap is a Hold with an average price target of $8.06, implying a 40.9% upside from current levels. In a report released yesterday, Stifel Nicolaus also maintained a Hold rating on the stock.

Verizon (VZ)

Morgan Stanley analyst Sean Diffley maintained a Hold rating on Verizon yesterday and set a price target of $50.00. The company’s shares closed last Tuesday at $46.73, close to its 52-week high of $47.36.

According to TipRanks.com, Diffley is a 1-star analyst with an average return of -4.5% and a 25.0% success rate. Diffley covers the NA sector, focusing on stocks such as Liberty Media Liberty Formula One, Starz Entertainment Corp, and Paramount Skydance. ;'>

Currently, the analyst consensus on Verizon is a Moderate Buy with an average price target of $51.13.

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