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Analysts Offer Insights on Communication Services Companies: Spotify (SPOT) and Match Group (MTCH)

Tipranks - Tipranks - Thu Aug 6, 3:50AM CDT

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

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Spotify (SPOT)

In a report released today, Kannan Venkateshwar from Barclays maintained a Buy rating on Spotify, with a price target of $565.00. The company’s shares closed last Tuesday at $478.17.

According to TipRanks.com, Venkateshwar is a 4-star analyst with an average return of 8.7% and a 54.7% success rate. Venkateshwar covers the NA sector, focusing on stocks such as Optimum Communications Inc Class A, Charter Communications, and Warner Music Group. ;'>

Currently, the analyst consensus on Spotify is a Strong Buy with an average price target of $602.55, a 29.0% upside from current levels. In a report released yesterday, TipRanks – Anthropic also upgraded the stock to Buy with a $535.00 price target.

See the top stocks recommended by analysts >>

Match Group (MTCH)

Barclays analyst Ross Sandler maintained a Buy rating on Match Group today and set a price target of $51.00. The company’s shares closed last Tuesday at $41.24.

According to TipRanks.com, Sandler is a 5-star analyst with an average return of 16.0% and a 64.4% success rate. Sandler covers the NA sector, focusing on stocks such as NerdWallet, Inc. Class A, Liftoff Mobile, Inc., and People Incorporated. ;'>

Currently, the analyst consensus on Match Group is a Moderate Buy with an average price target of $41.90, a 4.6% upside from current levels. In a report released today, TipRanks – OpenAI also upgraded the stock to Buy with a $45.00 price target.

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