Spotify price target raised to $725 from $615 at Pivotal Research

Pivotal Research raised the firm’s price target on Spotify (SPOT) to $725 from $615 and keeps a Buy rating on the shares. Spotify reported an overall much stronger than expected Q4 result and implied a strong 2025, the analyst tells investors in a research note. “This is what winning global audio streaming looks like,” the firm contends. Pivotal believes the Q4 report in the face of Spotify’s individual pricing above its music streaming peers “provides ample evidence that Spotify indeed is winning.”