Spotify price target raised to $143 from $120 at BofA

BofA analyst Jessica Reif Ehrlich raised the firm’s price target on Spotify to $143 from $120 and keeps a Buy rating on the shares after the company shared new developments in the platform’s creator ecosystem in its "Stream On" event. Following a "strong" Q4, the firm said it remains "bullish" on Spotify and raised its terminal growth rate to 9% from 7% to reflect improving growth prospects.