Barclays Maintains Overweight on Spotify Technology, Raises Price Target to $350
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Kannan Venkateshwar has maintained an Overweight rating on Spotify Technology (SPOT) and increased the price target from $335 to $350.
April 24, 2024 | 3:51 pm
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POSITIVE IMPACT
Barclays has maintained an Overweight rating on Spotify Technology and raised the price target from $335 to $350.
The upgrade in the price target by Barclays reflects a positive outlook on Spotify Technology's future performance. This endorsement from a major financial institution could lead to increased investor confidence in SPOT, potentially driving up its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100