Macquarie Reiterates Outperform on Spotify Technology, Raises Price Target to $300
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Tim Nollen reiterates an Outperform rating on Spotify Technology (SPOT) and raises the price target from $232 to $300.
February 07, 2024 | 6:28 pm
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POSITIVE IMPACT
Macquarie analyst Tim Nollen reiterates an Outperform rating on Spotify Technology and raises the price target from $232 to $300.
The upgrade in the price target by a reputable analyst like Tim Nollen from Macquarie is a strong positive signal for Spotify Technology. Such endorsements often lead to increased investor confidence and can drive the stock price up in the short term. The significant raise from $232 to $300 indicates a bullish outlook on the company's future performance and growth prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100