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# Spotify [SPOT] Stock Up 11.5% In June, Set To Rise More
- URL: https://www.hypebot.com/spotify-spot-stock-up-115-in-june-set-to-rise-more/
- Published: 2018-06-27T08:49:06.000Z
- Updated: 2018-06-27T08:49:06.000Z
- Description: Spotify stock rose 3.24% Tuesday, closing at $175.98. That's an 11.5% jump in the last month at a time when the overall S&P 500 rose just +0.22%. The increase came after. Continue reading [https://www.hypebot.com/hypebot/2018/06/spotify-spot-stock-up-115-in-june-set-to-rise-more.html]
- Author: Bruce Houghton
- Tags: Music Business, Music Tech, Streaming, NASDAQ, SPOT, Spotify, stock, #wp, #wp-post, #Import 2026-01-21 10:00

[![Spotify new](http://hypebot.typepad.com/.a/6a00d83451b36c69e2022ad39c51b9200b-200wi "Spotify new")](http://hypebot.typepad.com/.a/6a00d83451b36c69e2022ad39c51b9200b-popup?ref=hypebot.com)Spotify stock rose 3.24% Tuesday, closing at $175.98\. That's an 11.5% jump in the last month at a time when the overall S&P 500 rose just +0.22%. The increase came after Barclays began analysis of the stock with a solid buy rating and prediction of strong future growth."Our optimism around SPOT stems from the company's history of creating best-in-class products and user experience and innovating ahead of peers, a recipe for market cap accretion in consumer internet," said Barclays analyst Ross Sandler while predicting target price of $210 . "While structural differences may make Spotify somewhat less desirable than Netflix Inc. long term, at a $30 billion market cap, the risks are skewed to the upside in our view," he said.