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Analysts’ Opinions Are Mixed on These Communication Services Stocks: Paramount Skydance (PSKY) and Crexendo (CXDO)

Tipranks - Tipranks - Thu Mar 5, 8:54AM CST

Analysts have been eager to weigh in on the Communication Services sector with new ratings on Paramount Skydance (PSKY – Research Report) and Crexendo (CXDO – Research Report).

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Paramount Skydance (PSKY)

Barrington analyst Patrick Sholl maintained a Hold rating on Paramount Skydance today. The company’s shares closed last Wednesday at $12.37.

According to TipRanks.com, Sholl is a 4-star analyst with an average return of 10.8% and a 54.4% success rate. Sholl covers the NA sector, focusing on stocks such as Clear Channel Outdoor, Nexstar Media Group, and National Cinemedia. ;'>

Currently, the analyst consensus on Paramount Skydance is a Moderate Sell with an average price target of $12.14, representing a -1.3% downside. In a report issued on February 26, Needham also maintained a Hold rating on the stock.

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Crexendo (CXDO)

In a report released today, George Sutton from Craig-Hallum reiterated a Buy rating on Crexendo, with a price target of $9.00. The company’s shares closed last Wednesday at $5.99.

According to TipRanks.com, Sutton is a 5-star analyst with an average return of 21.8% and a 48.1% success rate. Sutton covers the Technology sector, focusing on stocks such as DeFi Development Corporation, Applied Digital Corporation, and Core Scientific Inc. ;'>

Currently, the analyst consensus on Crexendo is a Strong Buy with an average price target of $9.50, a 48.2% upside from current levels. In a report released today, TipRanks – OpenAI also upgraded the stock to Buy with a $7.50 price target.

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