Barclays raises Spotify price target to $650
The substantial target increase is a positive analyst signal, but should be weighed alongside other evidence.
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The substantial target increase is a positive analyst signal, but should be weighed alongside other evidence.
What happened, with direct paths to the underlying reporting
Barclays raised its Spotify target from $565 to $650, about 11% above the posted price of $583.66. The large revision is bullish, although it reflects analyst opinion rather than new company news.
Target: $650
Posted price: $583.66
Analyst firm: Barclays
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