Reported 1 day ago
Oppenheimer has raised its price target for Spotify (SPOT) from $750 to $825, reflecting a potential increase of 19.2% from its current price of $692.28. The firm's analysis highlights Spotify's expanding Premium subscriptions outside the US and growing pricing power, thanks to its leadership in music streaming and a loyal user base. Despite reporting a loss of $97.55 million in Q2 2025 due to European payroll taxes, Spotify's 2024 profit reached $1.23 billion.
Source: YAHOO