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Wall Street Analysts Are Bullish on Top Communication Services Picks

Tipranks - Tipranks - Thu Apr 16, 5:42AM CDT

There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on TKO Group Holdings (TKO) and Spotify (SPOT) with bullish sentiments.

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TKO Group Holdings (TKO)

In a report released today, Lance Vitanza from TD Cowen reiterated a Buy rating on TKO Group Holdings, with a price target of $250.00. The company’s shares closed last Tuesday at $195.37.

According to TipRanks.com, Vitanza is a 5-star analyst with an average return of 19.7% and a 47.6% success rate. Vitanza covers the NA sector, focusing on stocks such as Liberty Media Liberty Formula One, Clear Channel Outdoor, and Strive Inc. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for TKO Group Holdings with a $238.15 average price target, which is a 21.8% upside from current levels. In a report issued on April 7, UBS also maintained a Buy rating on the stock with a $238.00 price target.

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Spotify (SPOT)

Bernstein analyst Ian S. Moore maintained a Buy rating on Spotify yesterday and set a price target of $625.00. The company’s shares closed last Tuesday at $511.36.

According to TipRanks.com, Moore has 0 stars on 0-5 stars ranking scale with an average return of -9.2% and a 36.8% success rate. Moore covers the NA sector, focusing on stocks such as Liberty Media Liberty Formula One, Live Nation Entertainment, and Warner Music Group. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Spotify with a $634.86 average price target, which is a 24.8% upside from current levels. In a report issued on April 13, Morgan Stanley also initiated coverage with a Buy rating on the stock with a $630.00 price target.

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