Spotify Technology shares are trading higher after Pivotal Research maintained a Buy rating on the stock and raised its price target from $330 to $390.
Portfolio Pulse from Benzinga Newsdesk
Spotify Technology's stock is trading higher following Pivotal Research's decision to maintain a Buy rating and increase the price target from $330 to $390.

April 05, 2024 | 1:40 pm
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POSITIVE IMPACT
Spotify Technology's stock price is positively impacted by Pivotal Research's updated Buy rating and higher price target.
Analyst ratings and price target adjustments are significant indicators for investors, often leading to immediate stock price movements. Pivotal Research's decision to maintain a Buy rating while raising the price target for Spotify Technology significantly indicates strong confidence in the company's future performance, likely encouraging investors and positively impacting the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100