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 56% of investors opening trades with bullish expectations. The whale has been targeting a price range from $50.0 to $195.0 for Spotify over the last 3 months. The price of SPOT is up 2.3% at $163.86. Truist Securities has maintained their Buy rating on Spotify, which currently sits at a price target of $176.
September 20, 2023 | 2:47 pm
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A whale investor has taken a bullish stance on Spotify Technology (NYSE:SPOT), with the majority of investors opening trades with bullish expectations. The price of SPOT is up 2.3% at $163.86. Truist Securities has maintained their Buy rating on Spotify, which currently sits at a price target of $176.
The bullish stance of a whale investor, along with the majority of investors opening trades with bullish expectations, indicates a positive sentiment towards Spotify Technology. This, coupled with the fact that the price of SPOT is up and Truist Securities has maintained their Buy rating, suggests a potential increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100