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Analysts Offer Insights on Communication Services Companies: Spotify (SPOT) and Pinterest (PINS)

Tipranks - Tipranks - Tue Jun 16, 6:20AM CDT

There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Spotify (SPOT) and Pinterest (PINS) with bullish sentiments.

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Spotify (SPOT)

Citi analyst Jason Bazinet maintained a Buy rating on Spotify on June 12 and set a price target of $620.00. The company’s shares closed last Friday at $482.00.

According to TipRanks.com, Bazinet is a 5-star analyst with an average return of 15.9% and a 58.7% success rate. Bazinet covers the NA sector, focusing on stocks such as Liberty Media Liberty Formula One, Madison Square Garden Sports, and Genius Sports Limited. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Spotify with a $604.09 average price target, which is a 24.8% upside from current levels. In a report issued on June 9, Bernstein also maintained a Buy rating on the stock with a $625.00 price target.

See the top stocks recommended by analysts >>

Pinterest (PINS)

In a report released today, Michael Morris from Guggenheim maintained a Buy rating on Pinterest, with a price target of $24.00. The company’s shares closed last Friday at $20.21.

According to TipRanks.com, Morris is a 5-star analyst with an average return of 13.7% and a 54.3% success rate. Morris covers the NA sector, focusing on stocks such as Universal Music Group, Warner Music Group, and Paramount Skydance. ;'>

Pinterest has an analyst consensus of Moderate Buy, with a price target consensus of $26.76.

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