Morgan Stanley Maintains Overweight on Spotify Technology, Raises Price Target to $350
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia maintains an Overweight rating on Spotify Technology (NYSE:SPOT) and raises the price target from $270 to $350.
April 22, 2024 | 2:30 pm
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POSITIVE IMPACT
Morgan Stanley raises Spotify's price target to $350, maintaining an Overweight rating.
The increase in price target by a reputable analyst like Morgan Stanley suggests a strong bullish outlook on Spotify's stock. This is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100