Morgan Stanley Maintains Overweight on Spotify Technology, Raises Price Target to $230
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia has maintained an Overweight rating on Spotify Technology (NYSE:SPOT) and increased the price target from $200 to $230.
December 05, 2023 | 1:02 pm
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Morgan Stanley analyst reaffirms an Overweight rating on Spotify and raises the price target to $230, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Morgan Stanley suggests a strong confidence in Spotify's future performance, which could lead to increased investor interest and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100