Keybanc Maintains Overweight on Spotify Technology, Raises Price Target to $440
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Justin Patterson maintains an Overweight rating on Spotify Technology (NYSE:SPOT) and raises the price target from $420 to $440.
September 16, 2024 | 10:05 am
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Keybanc analyst Justin Patterson has increased the price target for Spotify Technology from $420 to $440 while maintaining an Overweight rating. This suggests a positive outlook on Spotify's stock performance.
The increase in price target from $420 to $440 by Keybanc, along with maintaining an Overweight rating, indicates a positive sentiment from the analyst. This is likely to boost investor confidence and could lead to a short-term increase in Spotify's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100