Morgan Stanley Reiterates Overweight on Spotify Technology, Maintains $170 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia reiterated an Overweight rating on Spotify Technology (NYSE:SPOT) and maintained a $170 price target.

June 20, 2023 | 1:27 pm
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Morgan Stanley's Manan Gosalia reiterated an Overweight rating on Spotify Technology (NYSE:SPOT) and maintained a $170 price target.
The reiteration of an Overweight rating and maintenance of a $170 price target by Morgan Stanley's analyst Manan Gosalia indicates a positive outlook for Spotify Technology. This could lead to a short-term increase in the stock price as investors may perceive this as a sign of confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100