Jul 24, 02:00 PM

Oppenheimer Lifts Spotify to Outperform, Sets $800 Target

Oppenheimer & Co. raised its rating on Spotify Technology SA to Outperform from Perform and assigned an $800 price target, implying significant upside for a stock the firm says is still 14% below its all-time high. The brokerage cited accelerating monthly active-user growth, emerging monetization products including a Superfan subscription tier, and management’s authorization for share repurchases as catalysts for revenue expansion and multiple re-rating. The firm models a 16% compound annual revenue growth rate over the medium term. Spotify shares rose about 1.3% in early New York trading on Thursday following the call, extending gains ahead of the audio-streaming company’s second-quarter earnings release scheduled for next week.

#Spotify Technology SA #Outperform #Perform #Superfan #Spotify #New York

Written with ChatGPT .

Sources

Hardik Shah@AIStockSavvy
8 months ago
$UBER | 𝐔𝐛𝐞𝐫 (UBER): Piper Sandler maintains 𝐎𝐯𝐞𝐫𝐰𝐞𝐢𝐠𝐡𝐭, raises 𝐏𝐓 𝐭𝐨 $103.00 (from $95.00) Analyst sees resilient consumer, FX tailwinds, and affordability initiatives supporting upward revisions in bookings and EBITDA. https://t.co/24El3t7F8H
Markets News@MarketsDotNews
8 months ago
Spotify stock rises following an analyst upgrade ahead of Q2 earnings.
TipRanks@TipRanks
8 months ago
Just in: Oppenheimer upgrades $SPOT to Outperform with an $800 target, citing a 14% pullback and strong future prospects. Meanwhile, Wolfe Research upgrades $GD to Outperform, highlighting improved cash flow and order outlook.

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Oppenheimer Lifts Spotify to Outperform, Sets $800 Target

Sources

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