Analysts Offer Insights on Communication Services Companies: Nexxen International (NEXN) 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 Nexxen International (NEXN – Research Report) and Live Nation Entertainment (LYV – Research Report) with bullish sentiments.
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Nexxen International (NEXN)
In a report released today, Benjamin Toms from RBC Capital maintained a Buy rating on Nexxen International, with a price target of $14.00. The company’s shares closed last Friday at $9.65, close to its 52-week low of $6.93.
According to TipRanks.com, Toms is ranked #183 out of 9949 analysts.
Currently, the analyst consensus on Nexxen International is a Strong Buy with an average price target of $14.50, a 46.0% upside from current levels. In a report issued on August 1, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $11.50 price target.
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Live Nation Entertainment (LYV)
Evercore ISI analyst Kutgun Maral maintained a Buy rating on Live Nation Entertainment on August 8 and set a price target of $180.00. The company’s shares closed last Friday at $153.13, close to its 52-week high of $157.75.
According to TipRanks.com, Maral is a 2-star analyst with an average return of
Currently, the analyst consensus on Live Nation Entertainment is a Strong Buy with an average price target of $173.71, representing a 18.0% upside. In a report issued on July 31, TD Cowen also maintained a Buy rating on the stock with a $166.00 price target.
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