Barclays Maintains Overweight on Spotify Technology, Raises Price Target to $216
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Mario Lu has maintained an Overweight rating on Spotify Technology (NYSE:SPOT) and increased the price target from $186 to $216.
December 08, 2023 | 11:15 am
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Barclays analyst Mario Lu reaffirmed an Overweight rating on Spotify Technology and raised the price target to $216, indicating a positive outlook on the stock.
The increase in price target by Barclays reflects a bullish stance on Spotify's future performance. This can lead to increased investor confidence and a potential short-term rise in the stock price, as market participants may view the new price target as a sign of growth prospects.
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IMPORTANCE 85
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