There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on IMAX (IMAX) and Entercom Communications (ETM) with bullish sentiments.
IMAX (IMAX)
In a report issued on March 18, Eric Wold from B.Riley Financial maintained a Buy rating on IMAX, with a price target of $19.00. The company’s shares closed last Tuesday at $18.80, close to its 52-week high of $20.21.
According to TipRanks.com, Wold is a 5-star analyst with an average return of 13.9% and a 57.2% success rate. Wold covers the Services sector, focusing on stocks such as Dolby Laboratories, National Cinemedia, and Cinemark Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for IMAX with a $22.48 average price target, which is a 13.1% upside from current levels. In a report issued on July 15, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $14.00 price target.
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Entercom Communications (ETM)
In a report issued on March 18, Zachary Silver from B.Riley Financial maintained a Buy rating on Entercom Communications, with a price target of $4.50. The company’s shares closed last Tuesday at $4.75, close to its 52-week high of $5.34.
According to TipRanks.com, Silver is a 4-star analyst with an average return of 7.6% and a 52.1% success rate. Silver covers the Services sector, focusing on stocks such as Nexstar Media Group, CuriosityStream, and Cumulus Media.
Entercom Communications has an analyst consensus of Moderate Buy, with a price target consensus of $4.50, representing a -9.8% downside. In a report issued on January 19, Wells Fargo also upgraded the stock to Buy with a $7.00 price target.
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