Analysts’ Top Communication Services Picks: Alphabet Class A (GOOGL), Spotify (SPOT)
There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Alphabet Class A (GOOGL – Research Report) and Spotify (SPOT – Research Report) with bullish sentiments.
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Alphabet Class A (GOOGL)
Tigress Financial analyst Ivan Feinseth reiterated a Buy rating on Alphabet Class A today and set a price target of $450.00. The company’s shares closed last Thursday at $303.05.
According to TipRanks.com, Feinseth is a 5-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alphabet Class A with a $381.74 average price target, implying a 26.5% upside from current levels. In a report issued on February 4, KeyBanc also maintained a Buy rating on the stock with a $370.00 price target.
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Spotify (SPOT)
Jefferies analyst James Heaney CFA maintained a Buy rating on Spotify today and set a price target of $650.00. The company’s shares closed last Thursday at $490.90.
According to TipRanks.com, CFA is a 4-star analyst with an average return of
Spotify has an analyst consensus of Strong Buy, with a price target consensus of $667.38, a 38.7% upside from current levels. In a report issued on February 11, Inderes also upgraded the stock to Buy with a $595.00 price target.
