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