Spotify (SPOT) option implied volatility as share price near upper end of range
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Evercore on Spotify (SPOT): '$1 For $1B: We believe if this price increase is carried out broadly, it could potentially contribute $1B of incremental Revenue'
April 3, 2024 12:53 PM EDTEvercore ISI analyst Mark Mahaney reiterated an Outperform rating and $285.00 price target on Spotify (NYSE: SPOT).
The analyst comments "The News: According to Bloomberg report this morning, Spotify will potentially raise prices by $1-$2/month in five markets, including the UK and Australia, by the end of April, and with a potential U.S. price increase to come later this year, helping to cover the cost of Audiobook. The report also noted that Spotify plans to make the current $11/month plan a basic tier that offers Music & Podcasts only, where subscribers need... More
Spotify (SPOT) to increase prices and introduce new pricing options - Bloomberg
April 3, 2024 9:33 AM EDTSpotify (NYSE: SPOT) plans to raise prices for its audio service in key markets for the second time in a year, according to a Bloomberg report on Wednesday.
The move is being made to achieve long-term profitability. The streaming giant will... More
