Morgan Stanley analyst Benjamin Swinburne raised the firm’s price target on Spotify (SPOT) to $850 from $700 and keeps an Overweight rating on the shares.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPOT:
- Spotify price target raised to $840 from $700 at Benchmark
- Spotify price target raised to $800 from $650 at Barclays
- Spotify price target raised to $840 from $825 at Bernstein
- Spotify’s Growth Potential and Strategic Pricing Drive Buy Rating
- Bulls Binge on Streaming Stocks as Netflix and Spotify Steal the Show