Check Out What Whales Are Doing With SPOT
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Spotify Technology (NYSE:SPOT), with 53% of investors opening trades with bullish expectations and 46% with bearish. The whale has been targeting a price range from $60.0 to $195.0 for Spotify over the last 3 months. The price of SPOT is currently down -0.91% at $144.1. Morgan Stanley and Wells Fargo have downgraded their action to Overweight with a price target of $185 and $250 respectively, while Rosenblatt and Benchmark maintain their Neutral and Buy ratings with a price target of $150 and $205 respectively.
August 04, 2023 | 8:31 pm
News sentiment analysis
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NEUTRAL IMPACT
Spotify Technology (NYSE:SPOT) has seen a bullish stance from a whale investor, with a targeted price range of $60-$195. The current price is down -0.91% at $144.1. Analyst ratings are mixed, with price targets ranging from $150-$250.
The news indicates a bullish stance from a whale investor on Spotify, which could potentially drive the stock price up. However, the current price is down and analyst ratings are mixed, which creates uncertainty about the short-term price direction. Therefore, the score is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100