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Analysts Have Conflicting Sentiments on These Communication Services Companies: Snap (SNAP), EverQuote (EVER) and Echostar (ECHO)

Tipranks - Tipranks - Wed Aug 5, 8:38AM CDT

Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on Snap (SNAP), EverQuote (EVER) and Echostar (ECHO).

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Snap (SNAP)

Guggenheim analyst Michael Morris assigned a Hold rating to Snap yesterday and set a price target of $5.50. The company’s shares closed last Tuesday at $5.41.

According to TipRanks.com, Morris is a 5-star analyst with an average return of 12.9% and a 53.1% success rate. Morris covers the NA sector, focusing on stocks such as Universal Music Group, Paramount Skydance, and Warner Music Group. ;'>

Snap has an analyst consensus of Hold, with a price target consensus of $7.61, which is a 62.3% upside from current levels. In a report released yesterday, Wolfe Research also maintained a Hold rating on the stock.

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EverQuote (EVER)

Canaccord Genuity analyst Maria Ripps maintained a Buy rating on EverQuote today and set a price target of $28.00. The company’s shares closed last Tuesday at $23.73.

According to TipRanks.com, Ripps is a 5-star analyst with an average return of 18.6% and a 49.5% success rate. Ripps covers the NA sector, focusing on stocks such as DoubleVerify Holdings, Zillow Group Class A, and Nexxen International. ;'>

Currently, the analyst consensus on EverQuote is a Moderate Buy with an average price target of $26.25, implying a 4.1% upside from current levels. In a report released today, B. Riley Securities also maintained a Buy rating on the stock with a $34.00 price target.

Echostar (ECHO)

Citi analyst Michael Rollins maintained a Buy rating on Echostar today and set a price target of $117.00. The company’s shares closed last Tuesday at $88.04.

According to TipRanks.com, Rollins is a 5-star analyst with an average return of 11.0% and a 60.3% success rate. Rollins covers the NA sector, focusing on stocks such as Optimum Communications Inc Class A, Charter Communications, and Liberty LiLAC Group. ;'>

Echostar has an analyst consensus of Strong Buy, with a price target consensus of $132.00, implying a 57.0% upside from current levels. In a report released today, Deutsche Bank also maintained a Buy rating on the stock with a $118.00 price target.

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