Analysts Offer Insights on Communication Services Companies: Spotify (SPOT) and REA Group Ltd (OtherRPGRF)
There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Spotify (SPOT – Research Report) and REA Group Ltd (RPGRF – Research Report) with bullish sentiments.
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Spotify (SPOT)
In a report released today, Benjamin Swinburne from Morgan Stanley maintained a Buy rating on Spotify, with a price target of $775.00. The company’s shares closed last Friday at $422.61.
According to TipRanks.com, Swinburne is a 5-star analyst with an average return of
Spotify has an analyst consensus of Strong Buy, with a price target consensus of $721.16, a 70.2% upside from current levels. In a report issued on January 26, TipRanks – Anthropic also upgraded the stock to Buy with a $575.00 price target.
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REA Group Ltd (RPGRF)
In a report released today, Bob Chen CFA from J.P. Morgan maintained a Buy rating on REA Group Ltd, with a price target of A$215.00. The company’s shares closed last Thursday at $124.45.
According to TipRanks.com, CFA is ranked #8801 out of 12103 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for REA Group Ltd with a $156.46 average price target, which is a 25.7% upside from current levels. In a report issued on February 6, Jefferies also upgraded the stock to Buy with a A$203.00 price target.
