Pivotal Research Upgrades Spotify Technology to Buy, Raises Price Target to $265
Portfolio Pulse from Benzinga Newsdesk
Pivotal Research analyst Jeffrey Wlodarczak has upgraded Spotify Technology (NYSE:SPOT) from Hold to Buy and increased the price target from $170 to $265, indicating a positive outlook on the company's stock.
December 21, 2023 | 10:32 am
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Spotify Technology was upgraded by Pivotal Research from Hold to Buy with a raised price target from $170 to $265, suggesting a bullish stance on the stock's future performance.
The upgrade from Hold to Buy by a research analyst typically signals confidence in the company's future performance and growth potential. The substantial increase in the price target further emphasizes this positive outlook, which can lead to increased investor interest and potentially drive the stock price up in the short term.
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