Morgan Stanley Maintains Overweight on Spotify Technology, Raises Price Target to $270
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia maintains an Overweight rating on Spotify Technology (SPOT) and raises the price target from $250 to $270.

February 07, 2024 | 8:44 pm
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Morgan Stanley maintains an Overweight rating on Spotify Technology and raises the price target from $250 to $270.
The upgrade in the price target by a reputable analyst like Manan Gosalia from Morgan Stanley is a strong positive signal for Spotify Technology. It suggests confidence in the company's future performance and growth prospects, likely leading to increased investor interest and potentially a rise in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100