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Analysts Conflicted on These Communication Services Names: T Mobile US (TMUS) and Spotify (SPOT)

Tipranks - Thu Aug 6, 11:34AM CDT

Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on T Mobile US (TMUS) and Spotify (SPOT).

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T Mobile US (TMUS)

Bernstein analyst Laurent Yoon maintained a Hold rating on T Mobile US today and set a price target of $220.00. The company’s shares closed last Wednesday at $172.80, close to its 52-week low of $159.14.

According to TipRanks.com, Yoon is a 1-star analyst with an average return of -1.0% and a 44.9% success rate. Yoon covers the NA sector, focusing on stocks such as Charter Communications, Paramount Skydance, and Walt Disney. ;'>

Currently, the analyst consensus on T Mobile US is a Strong Buy with an average price target of $237.73, implying a 35.7% upside from current levels. In a report issued on July 23, Wells Fargo also maintained a Hold rating on the stock with a $169.00 price target.

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Spotify (SPOT)

Canaccord Genuity analyst Maria Ripps maintained a Buy rating on Spotify yesterday and set a price target of $720.00. The company’s shares closed last Wednesday at $488.90.

According to TipRanks.com, Ripps is a 5-star analyst with an average return of 19.2% and a 50.0% success rate. Ripps covers the NA sector, focusing on stocks such as DoubleVerify Holdings, Zillow Group Class A, and Nexxen International. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Spotify with a $605.33 average price target, implying a 23.9% 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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