Pivotal Research Boosts Price Target for Spotify Amid Rising Shares

Thursday, 19 September 2024, 16:45

Pivotal has reiterated its 'buy' rating on Spotify, increasing the price target by $50. This affirmation underscores Spotify's dominant position in the global audio streaming market. The research firm maintains a positive outlook, emphasizing that Spotify continues to perform as a clear winner.
Seekingalpha
Pivotal Research Boosts Price Target for Spotify Amid Rising Shares

Pivotal Research recently announced a $50 price target hike for Spotify, highlighting a strong belief in the company's robustness within the audio streaming sector. The firm kept its 'buy' rating, positing that Spotify's market strategies have positioned it well against competitors. With shares rising, stakeholders are optimistic about Spotify's trajectory.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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