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

Tipranks - Tipranks - Thu Jun 18, 6:38AM CDT

Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on Nexxen International (NEXN) and Snap (SNAP).

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Nexxen International (NEXN)

Rosenblatt Securities analyst Barton Crockett maintained a Buy rating on Nexxen International today and set a price target of $16.00. The company’s shares closed last Tuesday at $8.75, close to its 52-week low of $6.93.

According to TipRanks.com, Crockett is a 4-star analyst with an average return of 5.6% and a 54.6% success rate. Crockett covers the NA sector, focusing on stocks such as Emerald Expositions Events, Sirius XM Holdings, and Alphabet Class A. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nexxen International with a $11.58 average price target, implying a 33.3% upside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a $11.00 price target.

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Snap (SNAP)

Truist Financial analyst Youssef Squali maintained a Hold rating on Snap today. The company’s shares closed last Tuesday at $5.16.

According to TipRanks.com, Squali is a 4-star analyst with an average return of 7.8% and a 51.2% success rate. Squali covers the Technology sector, focusing on stocks such as ODDITY Tech Ltd. Class A, Uber Technologies, and Lyft. ;'>

Snap has an analyst consensus of Hold, with a price target consensus of $8.06, representing a 40.9% upside. In a report released yesterday, Stifel Nicolaus also maintained a Hold rating on the stock.

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