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Spotify price target raised to $710 from $475 at Barclays

Spotify price target raised to $710 from $475 at Barclays

Barclays raised the firm’s price target on Spotify (SPOT) to $710 from $475 and keeps an Overweight rating on the shares. The company’s results and guidance were better than expected and catalysts through 2025 should keep momentum in the stock intact, the analyst tells investors in a research note.

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