Goldman Sachs Maintains Neutral on Spotify Technology, Raises Price Target to $163
Portfolio Pulse from jenniferd'souza@benzinga.com
Goldman Sachs analyst Eric Sheridan has maintained a Neutral rating on Spotify Technology (NYSE:SPOT) and raised the price target from $156 to $163.

July 26, 2023 | 10:00 am
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NEUTRAL IMPACT
Goldman Sachs has maintained a Neutral rating on Spotify Technology and raised the price target from $156 to $163.
The news is directly about Spotify Technology. Goldman Sachs, a major financial institution, has maintained a Neutral rating on the company, indicating no major changes in the company's performance. However, the increase in price target from $156 to $163 suggests a positive outlook, which could potentially influence investors' decisions and the stock's short-term performance. The score is neutral as the rating remains unchanged, but the importance and relevance are high due to the direct impact on Spotify and its investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100