Spotify shares are trading higher after Wells Fargo maintained an Overweight rating on the stock and raised its price target from $420 to $470.
Portfolio Pulse from Benzinga Newsdesk
Spotify shares rose following Wells Fargo's decision to maintain an Overweight rating and increase the price target from $420 to $470.
October 28, 2024 | 12:48 pm
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POSITIVE IMPACT
Spotify's stock price increased after Wells Fargo reaffirmed its Overweight rating and raised the price target from $420 to $470.
The increase in Spotify's stock price is directly linked to Wells Fargo's positive analyst action, which includes maintaining an Overweight rating and raising the price target. Such actions typically lead to increased investor confidence and buying activity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100