Truist analyst Matthew Thornton raised the firm’s price target on Spotify to $132 from $115 and keeps a Buy rating on the shares. The company’s positive Q4 results were consistent with the anticipated solid KPIs, increased margin focus, and pricing optionality, the analyst tells investors in a research note.
Published first on TheFly
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Read More on SPOT:
- Spotify price target raised to $110 from $87 at Rosenblatt
- Spotify price target raised to $135 from $120 at JPMorgan
- Spotify price target raised to $145 from $131 at Barclays
- Spotify price target raised to $140 from $125 at KeyBanc
- Spotify price target raised to $130 from $100 at Pivotal Research
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