Wells Fargo Maintains Overweight on Spotify Technology, Raises Price Target to $280
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Steven Cahall has maintained an Overweight rating on Spotify Technology (NYSE:SPOT) and increased the price target from $250 to $280.
January 31, 2024 | 3:10 pm
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Wells Fargo analyst Steven Cahall has reaffirmed Spotify Technology's Overweight rating and raised the price target from $250 to $280.
The increase in price target by a reputable analyst typically signals a positive outlook on the company's future performance and can lead to increased investor confidence, potentially driving the stock price up in the short term.
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