tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Spotify earnings selloff a buying opportunity, says JPMorgan

JPMorgan analyst Doug Anmuth views the post-earnings selloff yesterday in shares of Spotify (SPOT) as a buying opportunity. The company reported solid Q3 results, but with “mixed” Q4 guidance, the analyst tells investors in a research note. The firm believes Spotify’s solid execution should outweigh the near-term “noise” over margins. It keeps an Overweight rating on Spotify with an $805 price target

Meet Your ETF AI Analyst

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1