HSBC Maintains Buy on Spotify Technology, Raises Price Target to $355
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Joseph Thomas maintains a Buy rating on Spotify Technology (NYSE:SPOT) and raises the price target from $310 to $355.
April 24, 2024 | 5:51 pm
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POSITIVE IMPACT
HSBC maintains a Buy rating on Spotify Technology and raises the price target from $310 to $355.
The upgrade in the price target by HSBC reflects a positive outlook on Spotify Technology's future performance. This endorsement from a major financial institution is likely to instill confidence in investors, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100