Barclays Maintains Overweight on Spotify Technology, Raises Price Target to $182
Portfolio Pulse from jenniferd'souza@benzinga.com
Barclays analyst Mario Lu maintains an Overweight rating on Spotify Technology (NYSE:SPOT) and raises the price target from $180 to $182.
July 26, 2023 | 10:12 am
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POSITIVE IMPACT
Barclays maintains an Overweight rating on Spotify and raises the price target to $182, indicating a positive outlook for the company.
The raised price target by Barclays indicates their belief in Spotify's potential for growth. This could lead to increased investor confidence and potentially a rise in Spotify's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100