Morgan Stanley Reiterates Overweight on Spotify Technology, Maintains $185 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia has reiterated an 'Overweight' rating on Spotify Technology (NYSE:SPOT) and maintained a price target of $185.
July 24, 2023 | 1:48 pm
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Morgan Stanley's reiterated 'Overweight' rating and maintained price target of $185 could positively impact Spotify's stock in the short term.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. Morgan Stanley's 'Overweight' rating suggests they believe Spotify's stock will outperform the market, which could encourage investors to buy, potentially driving up the stock price. The maintained price target of $185 also indicates their continued confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100