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Analysts Offer Insights on Communication Services Companies: Sirius XM Holdings (SIRI), Cinemark Holdings (CNK) and Spotify (SPOT)

Tipranks - Tipranks - Thu Aug 6, 8:06AM CDT

Analysts have been eager to weigh in on the Communication Services sector with new ratings on Sirius XM Holdings (SIRI), Cinemark Holdings (CNK) and Spotify (SPOT).

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Sirius XM Holdings (SIRI)

J.P. Morgan analyst Sebastiano Petti maintained a Hold rating on Sirius XM Holdings yesterday and set a price target of $34.00. The company’s shares closed last Tuesday at $30.75.

According to TipRanks.com, Petti is a 4-star analyst with an average return of 9.5% and a 56.6% success rate. Petti covers the NA sector, focusing on stocks such as Array Digital Infrastructure, Charter Communications, and Rogers Communication. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Sirius XM Holdings with a $32.38 average price target, which is a 5.9% upside from current levels. In a report issued on July 27, Wells Fargo also upgraded the stock to Hold with a $30.00 price target.

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Cinemark Holdings (CNK)

J.P. Morgan analyst David Karnovsky maintained a Buy rating on Cinemark Holdings yesterday and set a price target of $40.00. The company’s shares closed last Tuesday at $38.07.

According to TipRanks.com, Karnovsky is a 5-star analyst with an average return of 18.0% and a 68.6% success rate. Karnovsky covers the NA sector, focusing on stocks such as Madison Square Garden Entertainment Corp., Liberty Media Liberty Formula One, and Madison Square Garden Sports. ;'>

Cinemark Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $39.18, a 3.2% upside from current levels. In a report issued on July 21, TipRanks – DeepSeek also upgraded the stock to Buy with a $34.00 price target.

Spotify (SPOT)

J.P. Morgan analyst Doug Anmuth maintained a Buy rating on Spotify today and set a price target of $650.00. The company’s shares closed last Tuesday at $478.17.

According to TipRanks.com, Anmuth is a 5-star analyst with an average return of 10.3% and a 57.2% success rate. Anmuth covers the NA sector, focusing on stocks such as Fiverr International, Reddit Inc Class A, and Alphabet Class A. ;'>

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.

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