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Analysts Offer Insights on Communication Services Companies: Spotify (SPOT), Take-Two (TTWO) and Comcast (CMCSA)

Tipranks - Sat Jan 31, 5:04AM CST

There’s a lot to be optimistic about in the Communication Services sector as 3 analysts just weighed in on Spotify (SPOTResearch Report), Take-Two (TTWOResearch Report) and Comcast (CMCSAResearch Report) with bullish sentiments.

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Spotify (SPOT)

In a report released yesterday, Jason Bazinet from Citi upgraded Spotify to Buy, with a price target of $650.00. The company’s shares closed last Thursday at $503.92.

According to TipRanks.com, Bazinet is a 5-star analyst with an average return of 19.4% and a 66.2% success rate. Bazinet covers the NA sector, focusing on stocks such as StubHub Holdings Incorporation Class A, Live Nation Entertainment, and Universal Music Group. ;'>

Currently, the analyst consensus on Spotify is a Strong Buy with an average price target of $717.70, which is a 42.8% upside from current levels. In a report issued on January 15, TipRanks – Anthropic also upgraded the stock to Buy with a $599.00 price target.

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Take-Two (TTWO)

Roth MKM analyst Eric Handler maintained a Buy rating on Take-Two today. The company’s shares closed last Thursday at $239.27.

According to TipRanks.com, Handler is a 5-star analyst with an average return of 12.9% and a 62.2% success rate. Handler covers the NA sector, focusing on stocks such as Live Nation Entertainment, Doubledown Interactive Co, and Angel Studios Inc Class A. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Take-Two with a $288.64 average price target, a 19.7% upside from current levels. In a report issued on January 15, Jefferies also maintained a Buy rating on the stock with a $300.00 price target.

Comcast (CMCSA)

Bank of America Securities analyst Jessica Reif Ehrlich reiterated a Buy rating on Comcast today and set a price target of $37.00. The company’s shares closed last Thursday at $29.24.

According to TipRanks.com, Ehrlich is a 5-star analyst with an average return of 11.8% and a 54.0% success rate. Ehrlich covers the NA sector, focusing on stocks such as Optimum Communications Inc Class A, Charter Communications, and Sirius XM Holdings. ;'>

Comcast has an analyst consensus of Hold, with a price target consensus of $33.56, a 21.5% upside from current levels. In a report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $39.00 price target.

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