Spotify Technology shares are trading higher after multiple firms raised their respective price targets on the stock. The stock may be moving on continued strength after the company yesterday reported better-than-expected Q2 EPS results.
Portfolio Pulse from Benzinga Newsdesk
Spotify Technology shares are trading higher following multiple firms raising their price targets on the stock. This comes after Spotify reported better-than-expected Q2 EPS results.
July 24, 2024 | 2:29 pm
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Spotify Technology shares are experiencing an upward trend as multiple firms have raised their price targets on the stock. This positive movement is further supported by Spotify's better-than-expected Q2 EPS results.
The combination of multiple firms raising their price targets and the company's strong Q2 EPS results creates a positive sentiment around Spotify's stock, likely driving the price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100