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Analysts Offer Insights on Communication Services Companies: Crexendo (CXDO), Pinterest (PINS) and Spotify (SPOT)

Tipranks - Tipranks - Thu Aug 6, 8:22AM CDT

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

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Crexendo (CXDO)

In a report released today, Michael Latimore from Northland Securities reiterated a Buy rating on Crexendo, with a price target of $12.00. The company’s shares closed last Tuesday at $7.47.

According to TipRanks.com, Latimore is a 4-star analyst with an average return of 9.2% and a 37.6% success rate. Latimore covers the Technology sector, focusing on stocks such as Gorilla Technology Group Inc., SoundHound AI, Inc Class A, and Palantir Technologies. ;'>

Currently, the analyst consensus on Crexendo is a Strong Buy with an average price target of $11.00, representing a 50.1% upside. In a report released today, Needham also maintained a Buy rating on the stock with a $12.00 price target.

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Pinterest (PINS)

Bank of America Securities analyst Justin Post reiterated a Hold rating on Pinterest today and set a price target of $28.00. The company’s shares closed last Tuesday at $25.58.

According to TipRanks.com, Post is a 5-star analyst with an average return of 22.4% and a 66.7% success rate. Post covers the NA sector, focusing on stocks such as Reddit Inc Class A, Alphabet Class A, and Alphabet Class C. ;'>

Pinterest has an analyst consensus of Moderate Buy, with a price target consensus of $29.00, which is a 19.6% 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.

Spotify (SPOT)

Cantor Fitzgerald analyst Deepak Mathivanan assigned a Hold rating to Spotify today and set a price target of $530.00. The company’s shares closed last Tuesday at $478.17.

According to TipRanks.com, Mathivanan is a 5-star analyst with an average return of 16.4% and a 59.9% success rate. Mathivanan covers the Technology sector, focusing on stocks such as Marti Technologies, GoDaddy, and Wix. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Spotify with a $605.52 average price target, a 29.7% upside from current levels. In a report released yesterday, Monness also maintained a Hold rating on the stock.

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