Trump, Harris Consider Joe Rogan Podcast: Could Spotify Ride 2024 Election Wave? Analyst Says Company In 'Sweet Spot Of Growth'
Portfolio Pulse from Chris Katje
Spotify Technology (NYSE:SPOT) could benefit from the 2024 election cycle if it secures interviews with presidential candidates on 'The Joe Rogan Experience' podcast. Both Donald Trump and Kamala Harris are rumored to appear, potentially boosting Spotify's subscribers and advertising revenue. Analyst Justin Patterson of KeyBanc Capital Markets raised Spotify's price target, citing growth and margin improvements. Spotify's Q3 financial results are expected on Nov. 12, with potential upside in user growth and premium subscribers.
October 16, 2024 | 10:40 pm
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Spotify could benefit from potential appearances by Trump and Harris on 'The Joe Rogan Experience,' boosting subscribers and ad revenue. Analyst raises price target, citing growth and margin improvements.
The potential appearances of high-profile political figures like Trump and Harris on a popular podcast exclusive to Spotify could significantly increase viewership and subscriber numbers. This aligns with the analyst's positive outlook on Spotify's growth and margin improvements, leading to a raised price target. The upcoming Q3 financial results could further validate this positive sentiment.
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IMPORTANCE 85
RELEVANCE 90