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Analysts Offer Insights on Communication Services Companies: Sirius XM Holdings (SIRI) and Snap (SNAP)

Tipranks - Fri Feb 6, 5:54AM CST

Analysts have been eager to weigh in on the Communication Services sector with new ratings on Sirius XM Holdings (SIRIResearch Report) and Snap (SNAPResearch Report).

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Sirius XM Holdings (SIRI)

Bank of America Securities analyst Jessica Reif Ehrlich maintained a Sell rating on Sirius XM Holdings today and set a price target of $20.00. The company’s shares closed last Wednesday at $20.73, close to its 52-week low of $20.47.

According to TipRanks.com, Ehrlich is a 5-star analyst with an average return of 11.8% and a 54.0% success rate. Ehrlich covers the NA sector, focusing on stocks such as Optimum Communications Inc Class A, Charter Communications, and Paramount Skydance. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Sirius XM Holdings with a $23.20 average price target.

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Snap (SNAP)

In a report released today, Justin Post from Bank of America Securities reiterated a Hold rating on Snap, with a price target of $8.00. The company’s shares closed last Wednesday at $5.91.

According to TipRanks.com, Post is a top 100 analyst with an average return of 25.0% and a 68.7% success rate. Post covers the NA sector, focusing on stocks such as Booking Holdings, Maplebear, and DoorDash. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Snap with a $9.18 average price target, representing a 50.5% upside. In a report issued on January 28, Citi also maintained a Hold rating on the stock with a $10.00 price target.

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