Rosenblatt analyst Barton Crockett raised the firm’s price target on Spotify to $150 from $141 and keeps a Neutral rating on the shares after the company showed “some positive mojo” in Q2. As “impressive” as the stock has been this year, muted margins “make the shares tricky,” the analyst tells investors in a post-earnings note.
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Read More on SPOT:
- Spotify upgraded to Buy from Hold at Deutsche Bank
- Spotify price target lowered to $140 from $145 at Pivotal Research
- Spotify price target raised to $182 from $180 at Barclays
- Cathie Wood’s ARK Investment bought 54.1K shares of Spotify today
- Spotify price target raised to $163 from $156 at Goldman Sachs
