Analysts Offer Insights on Communication Services Companies: Spotify (SPOT), Snap (SNAP) and Tencent Holdings (OtherTCTZF)
Analysts have been eager to weigh in on the Communication Services sector with new ratings on Spotify (SPOT), Snap (SNAP) and Tencent Holdings (TCTZF).
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Spotify (SPOT)
Goldman Sachs analyst Eric Sheridan reiterated a Buy rating on Spotify yesterday and set a price target of $670.00. The company’s shares closed last Wednesday at $531.17.
According to TipRanks.com, Sheridan is a 4-star analyst with an average return of
Spotify has an analyst consensus of Strong Buy, with a price target consensus of $628.90, implying a 21.7% upside from current levels. In a report issued on April 2, Bank of America Securities also reiterated a Buy rating on the stock with a $750.00 price target.
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Snap (SNAP)
In a report released today, Youssef Squali from Truist Financial maintained a Hold rating on Snap, with a price target of $5.60. The company’s shares closed last Wednesday at $6.04.
According to TipRanks.com, Squali is a 4-star analyst with an average return of
Snap has an analyst consensus of Hold, with a price target consensus of $7.61, which is a 25.8% upside from current levels. In a report released today, Bank of America Securities also reiterated a Hold rating on the stock with a $8.00 price target.
Tencent Holdings (TCTZF)
Bernstein analyst Robin Zhu maintained a Buy rating on Tencent Holdings today and set a price target of HK$780.00. The company’s shares closed last Wednesday at $64.33.
Zhu has an average return of
According to TipRanks.com, Zhu is ranked #3901 out of 12196 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tencent Holdings with a $92.30 average price target, representing a 44.2% upside. In a report issued on April 7, Morgan Stanley also maintained a Buy rating on the stock with a HK$650.00 price target.
Read More on SPOT:
Disclaimer & DisclosureReport an Issue
- Spotify Shareholders Back Board, Auditor and New Buyback Authorization at 2026 AGM
- KeyBanc Analyst Hikes Spotify Stock Forecast as Audio Giant Builds ‘a Funnel for Meaningful Net Addition Growth’
- Spotify price target raised to $745 from $740 at KeyBanc
- Spotify price target lowered to $640 from $650 at Wells Fargo
- Spotify assumed with an Overweight at Morgan Stanley
