Wells Fargo Maintains Overweight on Spotify Technology, Raises Price Target to $470
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Steven Cahall has maintained an Overweight rating on Spotify Technology and raised the price target from $420 to $470.
October 28, 2024 | 12:34 pm
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Wells Fargo has increased its price target for Spotify Technology from $420 to $470, maintaining an Overweight rating.
The increase in price target from $420 to $470 by Wells Fargo, along with maintaining an Overweight rating, suggests a positive outlook for Spotify's stock. This is likely to boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100