Erste Group resumed coverage of Spotify (SPOT) with a Buy rating. Spotify’s revenues are “growing strongly” and the company has also recently been able to significantly reduce its operating costs, says the analyst, who expects the “positive development of the Spotify stock to continue in the longer term.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPOT:
- Spotify says paid out $10B to music industry in 2024
- Spotify (SPOT) and Universal Music Group Strike New Licensing Deal
- Universal Music Group, Spotify announce new multi-year agreement
- Streaming giant Spotify debuts courses on Spotify to explore ‘ambitions’
- Salesforce upgraded, Southwest downgraded: Wall Street’s top analyst calls