JP Morgan Maintains Overweight on Spotify Technology, Raises Price Target to $320
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Doug Anmuth maintains an Overweight rating on Spotify Technology (SPOT) and raises the price target from $280 to $320.
April 08, 2024 | 8:38 pm
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JP Morgan analyst Doug Anmuth maintains an Overweight rating on Spotify Technology and raises the price target from $280 to $320.
The increase in the price target by a reputable analyst from JP Morgan is a strong bullish signal, indicating a positive outlook on Spotify's future performance. This is likely to instill confidence in investors, potentially driving up the stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100