Morgan Stanley analyst Sean Diffley raised the firm’s price target on Spotify (SPOT) to $610 from $590 and keeps an Overweight rating on the shares. Spotify “should move back to the AI winner bucket” following an investor day that exceeded expectations on both the financial and product fronts, the analyst tells investors.
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Read More on SPOT:
- Spotify price target raised to $600 from $580 at Wells Fargo
- Spotify price target raised to $650 from $600 at JPMorgan
- Spotify price target raised to $625 from $600 at Citizens
- Spotify price target raised to $565 from $500 at Barclays
- Mark Mahaney Reiterates Buy on Spotify, Citing Investor Day Profitability Roadmap, AI Music Deal, and Mispriced Upside to Target
