Skip to main content
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts Offer Insights on Communication Services Companies: Spotify (SPOT) and Reddit Inc Class A (RDDT)

Tipranks - Tipranks - Fri Apr 3, 5:38AM CDT

Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on Spotify (SPOT) and Reddit Inc Class A (RDDT).

End of Quarter Sale - 50% Off TipRanks

Spotify (SPOT)

In a report released today, Jessica Reif Ehrlich from Bank of America Securities reiterated a Buy rating on Spotify, with a price target of $750.00. The company’s shares closed last Wednesday at $470.01.

According to TipRanks.com, Ehrlich is a 5-star analyst with an average return of 10.5% and a 50.0% success rate. Ehrlich covers the NA sector, focusing on stocks such as Optimum Communications Inc Class A, Charter Communications, and Sirius XM Holdings. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Spotify with a $645.96 average price target, representing a 33.4% upside. In a report issued on March 25, Daiwa also initiated coverage with a Buy rating on the stock with a $535.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Reddit Inc Class A (RDDT)

In a report released today, Justin Post from Bank of America Securities reiterated a Hold rating on Reddit Inc Class A, with a price target of $175.00. The company’s shares closed last Wednesday at $136.18.

According to TipRanks.com, Post is a 5-star analyst with an average return of 20.8% and a 62.1% success rate. Post covers the NA sector, focusing on stocks such as Booking Holdings, Maplebear, and DoorDash. ;'>

Reddit Inc Class A has an analyst consensus of Moderate Buy, with a price target consensus of $234.41, representing a 71.9% upside. In a report issued on March 28, TipRanks – PerPlexity also downgraded the stock to Hold with a $129.00 price target.

Read More on SPOT:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2026.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).