Analyst Predicts Spotify's Margin Growth Amid Cost Optimization and Subscriber Growth Challenges
Portfolio Pulse from Lekha Gupta
Wolfe Research analyst Zach Morrissey upgraded Spotify (NYSE: SPOT) to Outperform with a price target of $190, citing strong user and subscriber growth, solid pricing power, and cost structure optimization. However, he also sees a potential slowdown in subscriber growth due to market saturation.
June 21, 2023 | 6:31 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Spotify upgraded to Outperform with a $190 price target by Wolfe Research analyst, citing strong growth, solid pricing power, and cost optimization. Potential slowdown in subscriber growth due to market saturation is a concern.
The upgrade to Outperform and the $190 price target indicate a positive outlook for Spotify's stock price. The strong growth, solid pricing power, and cost optimization are positive factors that could drive the stock price up. However, the potential slowdown in subscriber growth due to market saturation could limit the upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100