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Analysts’ Opinions Are Mixed on These Communication Services Stocks: Spotify (SPOT), MediaAlpha (MAX) and Pinterest (PINS)

Tipranks - Tipranks - Thu Aug 6, 7:02AM CDT

Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on Spotify (SPOT), MediaAlpha (MAX) and Pinterest (PINS).

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Spotify (SPOT)

In a report released yesterday, Michael Morris from Guggenheim 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, Morris is a 5-star analyst with an average return of 13.2% and a 53.7% success rate. Morris covers the NA sector, focusing on stocks such as Universal Music Group, Warner Music Group, and Paramount Skydance. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Spotify with a $605.52 average price target, implying a 29.7% 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 >>

MediaAlpha (MAX)

RBC Capital analyst Ben Hendrix maintained a Buy rating on MediaAlpha yesterday and set a price target of $15.00. The company’s shares closed last Tuesday at $12.38.

According to TipRanks.com, Hendrix is a 4-star analyst with an average return of 7.8% and a 53.8% success rate. Hendrix covers the Healthcare sector, focusing on stocks such as Aveanna Healthcare Holdings, Brookdale Senior Living, and Sonida Senior Living. ;'>

Currently, the analyst consensus on MediaAlpha is a Strong Buy with an average price target of $14.86, which is a 19.0% upside from current levels. In a report issued on July 30, TipRanks – xAI also upgraded the stock to Buy with a $16.00 price target.

Pinterest (PINS)

RBC Capital analyst Brad Erickson reiterated a Hold rating on Pinterest today and set a price target of $25.00. The company’s shares closed last Tuesday at $25.58.

According to TipRanks.com, Erickson is a 4-star analyst with an average return of 4.9% and a 52.4% success rate. Erickson covers the Technology sector, focusing on stocks such as Uber Technologies, GoDaddy, and Lyft. ;'>

Pinterest has an analyst consensus of Moderate Buy, with a price target consensus of $29.22, implying a 20.5% upside from current levels. In a report issued on July 29, TipRanks – OpenAI also downgraded the stock to Hold with a $26.00 price target.

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