Music Business

Spotify Stock Predicted To Rise 38% Say 14 Top Analysts

Spotify New $Spotify (NYSE:SPOT) stock has an average rating of 1.69 (Buy) from the twenty one analysts that cover the company, according to Zacks Investment Research. Only one analyst has rated the streamer with a strong sell rating, five assigned a hold rating, one a buy and fourteen a strong buy rating.

Since Monday's earnings report, analysts have set a twelve-month consensus target for Spotify of $188, a 38% increase.

Spotify stock was trading in the $136 range on Wednesday. 

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