Spotify price target raised to $141 from $110 at Rosenblatt

Rosenblatt analyst Barton Crockett raised the firm’s price target on Spotify to $141 from $110 and keeps a Neutral rating on the shares following the Q1 results. The company’s service is competing "remarkably well" against Apple Music, Amazon Music, SiriusXM, and other competitors globally, the analyst tells investors in a research note. However, structurally Spotify faces a challenge sustaining a compelling margin, says the firm.