Analysts have been eager to weigh in on the Communication Services sector with new ratings on Groupon (GRPN – Research Report) and Spotify Technology SA (SPOT – Research Report).
Groupon (GRPN)
Roth MKM analyst Sean McGowan reiterated a Buy rating on Groupon today and set a price target of $28.00. The company’s shares closed last Monday at $10.00.
According to TipRanks.com, McGowan is a 3-star analyst with an average return of
Currently, the analyst consensus on Groupon is a Hold with an average price target of $20.00.
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Spotify Technology SA (SPOT)
Monness analyst Brian White maintained a Hold rating on Spotify Technology SA today. The company’s shares closed last Monday at $290.52, close to its 52-week high of $313.16.
According to TipRanks.com, White is a top 100 analyst with an average return of
Spotify Technology SA has an analyst consensus of Strong Buy, with a price target consensus of $294.67, representing a -2.7% downside. In a report issued on April 12, Piper Sandler also reiterated a Hold rating on the stock with a $300.00 price target.
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Read More on GRPN:
- Short Report: Bears reduce exposure to Kohlâs as stock momentum fizzles
- Groupon Interim CEO Dusan Senkypl’s Employment Extended
- Groupon’s (NASDAQ:GRPN) Turnaround Efforts Showing Signs of Progress
- Groupon expects 1H24 revenue to decline y/y; 2H24 revenue to increase y/y
- Groupon says ~$100M in potential future non-core asset sales
