Analysts Offer Insights on Communication Services Companies: Spotify (SPOT) and TIM (TIMB)
Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on Spotify (SPOT – Research Report) and TIM (TIMB – Research Report).
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Spotify (SPOT)
In a report released today, Helena Wang from Phillip Securities maintained a Buy rating on Spotify, with a price target of $650.00. The company’s shares closed last Friday at $452.52.
According to TipRanks.com, Wang is ranked #6160 out of 12109 analysts.
Currently, the analyst consensus on Spotify is a Strong Buy with an average price target of $667.38, which is a 48.8% upside from current levels. In a report issued on January 30, TipRanks – Anthropic also upgraded the stock to Buy with a $570.00 price target.
See today’s best-performing stocks on TipRanks >>
TIM (TIMB)
In a report released today, Rogerio Araujo from Bank of America Securities reiterated a Sell rating on TIM, with a price target of $27.00. The company’s shares closed last Friday at $26.28.
According to TipRanks.com, Araujo is ranked #1342 out of 12109 analysts.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for TIM with a $25.25 average price target.
