Wells Fargo Upgrades Spotify (SPOT) to Overweight, 'Off Margin Probation'
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Spotify (SPOT) shares edge higher after Wells Fargo, Atlantic Equities upgrades
February 6, 2023 8:00 AM ESTSpotify (NYSE: SPOT) shares have edged higher premarket Monday after the stock was lifted to Overweight at Wells Fargo and Atlantic Equities.
Wells Fargo analyst Steven Cahall also raised the firm's price target for Spotify shares to $180 per share from $121, stating that SPOT's commitment to margin improvement is... More
Atlantic Equities Upgrades Spotify (SPOT) to Overweight, 'on positive profit/advertising inflections'
February 6, 2023 3:18 AM EST(Updated - February 6, 2023 4:55 AM EST)
Atlantic Equities analyst Hamilton Faber upgraded Spotify (NYSE: SPOT) from Neutral to Overweight with a price target of $160.00.
The analyst comments "We are upgrading Spotify to Overweight with a PT of $160, based on 1.5x forward 12m... More
