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Analysts Offer Insights on Communication Services Companies: Spotify (SPOT) and Dave & Busters Entertainment (PLAY)

Tipranks - Tipranks - Wed Aug 5, 1:42PM CDT

Analysts fell to the sidelines weighing in on Spotify (SPOT) and Dave & Busters Entertainment (PLAY) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Spotify (SPOT)

TD Cowen analyst Doug Creutz reiterated a Hold rating on Spotify today and set a price target of $525.00. The company’s shares closed last Tuesday at $487.46.

According to TipRanks.com, Creutz is a 5-star analyst with an average return of 13.9% and a 62.6% success rate. Creutz covers the NA sector, focusing on stocks such as Live Nation Entertainment, Paramount Skydance, and Warner Music Group. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Spotify with a $612.16 average price target, a 31.1% upside from current levels. In a report released today, Monness also maintained a Hold rating on the stock.

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Dave & Busters Entertainment (PLAY)

In a report released today, Sharon Zackfia from William Blair maintained a Hold rating on Dave & Busters Entertainment. The company’s shares closed last Tuesday at $10.64.

According to TipRanks.com, Zackfia is a 4-star analyst with an average return of 3.5% and a 45.6% success rate. Zackfia covers the NA sector, focusing on stocks such as Birkenstock Holding plc, OneSpaWorld Holdings, and Lululemon Athletica. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Dave & Busters Entertainment with a $17.00 average price target, a 54.8% upside from current levels. In a report issued on July 20, TipRanks – PerPlexity also reiterated a Hold rating on the stock with a $10.00 price target.

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