Citizens raised the firm’s price target on Spotify (SPOT) to $625 from $600 and keeps an Outperform rating on the shares. Spotify used its 2026 Investor Day to unveil AI-driven personalized products and creator tools, including remix and cover features developed with Universal Music Group, while targeting mid-teens revenue growth through 2030 and reinforcing confidence that its scale, proprietary user data, and expanding monetization capabilities can drive sustained long-term engagement, revenue, and free cash flow growth, the analyst tells investors in a research note.
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