This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts Offer Insights on Communication Services Companies: Spotify (SPOT) and Paramount Skydance (PSKY)

Tipranks - Tipranks - Thu Aug 6, 6:14AM CDT

Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on Spotify (SPOT) and Paramount Skydance (PSKY).

Claim 55% Off TipRanks

Spotify (SPOT)

UBS analyst Batya Levi maintained a Buy rating on Spotify yesterday and set a price target of $690.00. The company’s shares closed last Tuesday at $478.17.

According to TipRanks.com, Levi is a 1-star analyst with an average return of -3.6% and a 45.7% success rate. Levi covers the NA sector, focusing on stocks such as Live Nation Entertainment, Lumen Technologies, and Warner Music Group. ;'>

Spotify has an analyst consensus of Strong Buy, with a price target consensus of $605.05, implying a 29.6% upside from current levels. In a report released yesterday, TipRanks – Anthropic also upgraded the stock to Buy with a $535.00 price target.

See today’s best-performing stocks on TipRanks >>

Paramount Skydance (PSKY)

In a report released today, John Hodulik from UBS maintained a Sell rating on Paramount Skydance, with a price target of $8.00. The company’s shares closed last Tuesday at $8.38.

According to TipRanks.com, Hodulik is a 4-star analyst with an average return of 8.2% and a 58.4% success rate. Hodulik covers the NA sector, focusing on stocks such as Charter Communications, Warner Bros, and T Mobile US. ;'>

Paramount Skydance has an analyst consensus of Hold, with a price target consensus of $10.50.

Read More on SPOT:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2026.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).