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Spotify earnings selloff a buying opportunity, says JPMorgan

JPMorgan analyst Doug Anmuth views the post-earnings selloff yesterday in shares of Spotify (SPOT) as a buying opportunity. The company reported solid Q3 results, but with “mixed” Q4 guidance, the analyst tells investors in a research note. The firm believes Spotify’s solid execution should outweigh the near-term “noise” over margins. It keeps an Overweight rating on Spotify with an $805 price target

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