Spotify's Price Hikes Leverage Non-Music Content For Higher Profits
1. Spotify's price hikes boost margins and long-term growth outlook. 2. Analyst Michael Morris raised SPOT price target from $800 to $850. 3. The changes affect 25% of global premium subscribers. 4. Future price increases expected in the U.S. market by 2025. 5. Upward trends in ARPU suggest improved profitability for Spotify.