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

Tipranks - Tipranks - Thu Aug 6, 7:18AM CDT

Analysts have been eager to weigh in on the Communication Services sector with new ratings on Spotify (SPOT), Paramount Skydance (PSKY) and Match Group (MTCH).

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Spotify (SPOT)

In a report released today, Jessica Reif Ehrlich from Bank of America Securities reiterated a Buy rating on Spotify, with a price target of $685.00. The company’s shares closed last Tuesday at $478.17.

According to TipRanks.com, Ehrlich is a 4-star analyst with an average return of 9.1% and a 48.7% success rate. Ehrlich covers the NA sector, focusing on stocks such as Charter Communications, Warner Music Group, and Sirius XM Holdings. ;'>

Currently, the analyst consensus on Spotify is a Strong Buy with an average price target of $605.52, 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 >>

Paramount Skydance (PSKY)

Barrington analyst Patrick Sholl maintained a Hold rating on Paramount Skydance today. The company’s shares closed last Tuesday at $8.38.

According to TipRanks.com, Sholl is a 5-star analyst with an average return of 17.8% and a 60.0% success rate. Sholl covers the NA sector, focusing on stocks such as Clear Channel Outdoor, Nexstar Media Group, and National Cinemedia. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Paramount Skydance with a $11.17 average price target, which is a 35.7% upside from current levels. In a report issued on July 29, Guggenheim also maintained a Hold rating on the stock.

Match Group (MTCH)

In a report released today, Nathan Feather from Morgan Stanley reiterated a Hold rating on Match Group, with a price target of $40.00. The company’s shares closed last Tuesday at $41.24.

According to TipRanks.com, Feather is a 3-star analyst with an average return of 4.0% and a 51.9% success rate. Feather covers the NA sector, focusing on stocks such as Revolve Group, Chewy, and FIGS. ;'>

Match Group has an analyst consensus of Moderate Buy, with a price target consensus of $42.50, which is a 6.1% upside from current levels. In a report issued on July 21, TipRanks – OpenAI also downgraded the stock to Hold with a $42.00 price target.

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