Morgan Stanley Maintains Overweight on Spotify Technology, Raises Price Target to $430
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia maintains an Overweight rating on Spotify Technology and raises the price target from $400 to $430.
October 23, 2024 | 12:06 pm
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Morgan Stanley has increased its price target for Spotify Technology from $400 to $430 while maintaining an Overweight rating, indicating confidence in Spotify's growth potential.
The increase in price target from $400 to $430 by Morgan Stanley suggests a positive outlook on Spotify's future performance. The Overweight rating indicates that the analyst expects Spotify to outperform its peers, which is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100