Morgan Stanley Maintains Overweight on Spotify Technology, Raises Price Target to $370
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia maintains an Overweight rating on Spotify Technology (SPOT) and raises the price target from $350 to $370.
April 24, 2024 | 5:42 pm
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Morgan Stanley has maintained its Overweight rating on Spotify Technology and increased the price target from $350 to $370.
The upgrade in the price target by a reputable analyst like Manan Gosalia from Morgan Stanley suggests a strong confidence in Spotify's future performance. This is likely to be viewed positively by the market, potentially leading to a short-term increase in SPOT's stock price as investors react to the positive analyst coverage.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100