Spotify moves higher as investors digest results, outlook; Analysts react positively

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Citi on Spotify (SPOT) Post Earnings: 'we would not be surprised to see shares trade higher'

October 24, 2023 7:03 AM EDT

Citi analyst Jason Bazinet reiterated a Buy rating and $175.00 price target on Spotify (NYSE: SPOT).

The analyst comments "Spotify reported revenue, Premium subs and MAUs modestly ahead of the Street. 3Q23 gross margins and operating income also beat consensus estimates. Along with... More