Goldman Sachs Maintains Neutral on Spotify Technology, Raises Price Target to $195
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Eric Sheridan has maintained a Neutral rating on Spotify Technology (NYSE:SPOT) and increased the price target from $171 to $195.

January 09, 2024 | 1:28 pm
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Goldman Sachs maintains a Neutral rating on Spotify Technology but raises the price target from $171 to $195.
The increase in price target by Goldman Sachs suggests a positive outlook on Spotify's future performance, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, since the rating remains Neutral, the impact may be moderate as it does not indicate a strong buy or sell signal.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100