Analysts Offer Insights on Communication Services Companies: Meta Platforms (META) and Spotify (SPOT)
Analysts have been eager to weigh in on the Communication Services sector with new ratings on Meta Platforms (META) and Spotify (SPOT).
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Meta Platforms (META)
Canaccord Genuity analyst Maria Ripps maintained a Buy rating on Meta Platforms yesterday and set a price target of $930.00. The company’s shares closed last Wednesday at $612.42.
According to TipRanks.com, Ripps is a 5-star analyst with an average return of
Currently, the analyst consensus on Meta Platforms is a Strong Buy with an average price target of $847.70, a 39.9% upside from current levels. In a report issued on March 25, Bank of America Securities also maintained a Buy rating on the stock with a $885.00 price target.
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Spotify (SPOT)
In a report released today, Brian White from Monness maintained a Hold rating on Spotify. The company’s shares closed last Wednesday at $483.17.
According to TipRanks.com, White is a 5-star analyst with an average return of
Spotify has an analyst consensus of Strong Buy, with a price target consensus of $642.70.
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