Baird Maintains Outperform on Spotify Technology, Raises Price Target to $225
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Vikram Kesavabhotla has maintained an Outperform rating on Spotify Technology (NYSE:SPOT) and increased the price target from $185 to $225.
December 08, 2023 | 3:23 pm
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Baird analyst Vikram Kesavabhotla reaffirmed an Outperform rating on Spotify and raised the price target to $225, indicating a positive outlook on the stock.
The increase in price target by Baird reflects a positive assessment of Spotify's future performance, which is likely to be interpreted positively by investors. This could lead to a short-term increase in the stock price as market sentiment may improve due to the analyst's upgraded outlook.
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