Spotify shares are trading higher after JP Morgan maintained its Overweight rating on the stock and raised its price target from $365 to $375.
Portfolio Pulse from Benzinga Newsdesk
Spotify shares are trading higher after JP Morgan maintained its Overweight rating on the stock and raised its price target from $365 to $375.
June 04, 2024 | 2:05 pm
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POSITIVE IMPACT
Spotify shares are trading higher following JP Morgan's decision to maintain its Overweight rating and increase the price target from $365 to $375.
The increase in price target and maintained Overweight rating by a major financial institution like JP Morgan is a strong positive signal for investors, likely leading to increased buying activity and a short-term rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100