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Analysts Offer Insights on Communication Services Companies: Reddit Inc Class A (RDDT) and Live Nation Entertainment (LYV)

Tipranks - Tipranks - Wed Mar 11, 8:02AM CDT

There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Reddit Inc Class A (RDDT – Research Report) and Live Nation Entertainment (LYV – Research Report) with bullish sentiments.

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Reddit Inc Class A (RDDT)

Jefferies analyst John Colantuoni reiterated a Buy rating on Reddit Inc Class A today and set a price target of $250.00. The company’s shares closed last Monday at $138.86.

According to TipRanks.com, Colantuoni is a 4-star analyst with an average return of 5.5% and a 54.9% success rate. Colantuoni covers the NA sector, focusing on stocks such as Pattern Group, Inc. Class A, Booking Holdings, and ACV Auctions. ;'>

Reddit Inc Class A has an analyst consensus of Moderate Buy, with a price target consensus of $235.77.

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Live Nation Entertainment (LYV)

In a report released today, Eric Handler from Roth MKM maintained a Buy rating on Live Nation Entertainment, with a price target of $190.00. The company’s shares closed last Monday at $165.80.

According to TipRanks.com, Handler is a 5-star analyst with an average return of 12.7% and a 61.4% success rate. Handler covers the NA sector, focusing on stocks such as Angel Studios Inc Class A, Doubledown Interactive Co, and Genius Sports Limited. ;'>

Live Nation Entertainment has an analyst consensus of Strong Buy, with a price target consensus of $182.88, which is a 12.8% upside from current levels. In a report issued on February 25, Wells Fargo also initiated coverage with a Buy rating on the stock with a $204.00 price target.

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