Sep. 2 at 2:23 AM
Wolfe Research highlighted its top picks across Media, Entertainment and Telecom, assigning Outperform ratings to five stocks supported by catalysts ranging from streaming-service bundling to live entertainment growth. The firm’s price targets imply upside of roughly 19% to 46% across the group.
Versant Media is Wolfe’s top pick, with a
$60 price target and 46.3% upside. The firm sees accelerating growth in Versant Platforms through Full Swing and the direct-to-consumer launch of MS NOW. Successful pay-TV renewals and greater confidence in platform growth could further reduce execution risks.
Spotify has a
$690 target, implying 26% upside. Wolfe expects the company to benefit from the broader trend toward streaming bundles alongside Netflix, Disney/Hulu, Amazon and YouTube. Higher subscription prices and new monetization opportunities could further strengthen its music ecosystem. Spotify’s Q2 revenue rose 14% YoY, with Premium revenue up 16%.
$VSNT $SPOT