Reported 1 day ago
Keybanc has raised its price target for Spotify Technology S.A. (SPOT) from $640 to $860, keeping an Overweight rating. As Spotify's share price closed at $674.46 on July 23, this adjustment suggests significant upside potential. The firm anticipates variability in Spotify's second-quarter results and third-quarter guidance, influenced by foreign exchange rates and seasonal margins. Meanwhile, Deutsche Bank has also increased its price target for Spotify to $775. Despite recognizing Spotify's potential, some analysts believe AI stocks may offer better investment opportunities.
Source: YAHOO