Netflix, Spotify targets raised at JPMorgan ahead of earnings

Netflix (NFLX) ordered to stop advertising and distributing games in Vietnam -Reuters

Netflix (NASDAQ: NFLX) has been ordered by Vietnam to stop advertising and distributing its games in the country before April 25, according to a report from Reuters on Wednesday.

Netflix has not yet been granted a license for game services, according to Vietnam's broadcasting... More

Citi Previews Netflix (NFLX) Earnings

Citi analyst Jason Bazinet reiterated a Neutral rating and $660.00 price target on Netflix (NASDAQ: NFLX).

The analyst comments "After the close on Tuesday (4/23), NFLX reports 1Q24. Heading into the print, we expect NFLX to report net additions ahead of the consensus, which we believe is relatively in line with investor expectations. Investor focus will likely remain on the firms ad-tier, password sharing crackdown, sports content strategy, and capital... More

Spotify (SPOT) PT Raised to $320 at JPMorgan

JPMorgan analyst Doug Anmuth raised the price target on Spotify (NYSE: SPOT) to $320.00 (from $280.00) while maintaining a Overweight rating.

The analyst comments "Heading into 1Q earnings on Tuesday, 4/23, we remain bullish on Spotify. Were confident that SPOT can deliver revenue growth acceleration, sequential Gross & Operating Margin expansion, & meaningfully higher FCF in 2024. Spotify entered 2024 with strong momentum across users/subscribers, & we now project 2024 Net Adds of 82M for MAUs & 27M for Premium... More

Spotify (SPOT) target raised to new Street high at Pivotal Research

Analysts at Pivotal Research raised the Spotify (NYSE: SPOT) price target tp $390 from $330 per share in a note Friday, maintaining a Buy rating on the stock.

The research firm said the increase of the already Street high target was driven by... More

Spotify (SPOT) PT Raised to $375 at UBS

UBS analyst Batya Levi raised the price target on Spotify (NYSE: SPOT) to $375.00 (from $274.00) while maintaining a Buy rating.... More

Spotify (SPOT) PT Raised to Street High $390 at Pivotal Research

Pivotal Research analyst Jeffrey Wlodarczak raised the price target on Spotify (NYSE: SPOT) to $390.00 (from $330.00) while maintaining a Buy rating.

The analyst comments "We are raising our already Street High $330 YE24 target price $60 to $390 driven primarily by higher premium and to a lesser... More

Wells Fargo remains bullish on this tech stock

In a new note to clients, analysts at Wells Fargo reiterated their bullish views on a Europe-based technology company, citing several upside catalysts.

The stock in question is the audio and media streaming giant Spotify (NYSE: SPOT).

This week, Bloomberg News reported that Spotify plans to increase the subscription fees for its streaming services by approximately $1 to $2 per month in several markets, including the UK, Australia, and Pakistan.

The hike is expected to take effect by the end of April, per the report which sent SPOT shares rising more than... More

Spotify names senior Saab executive Luiga as finance chief

(Reuters) - Spotify named Saab executive Christian Luiga as its chief financial officer on Thursday, replacing Paul Vogel who left in March after an about eight-year long stint at the Swedish music streaming company.

Luiga will join in the third quarter from Saab, the Swedish defense materials group where he was the finance... More

Spotify (SPOT) Appoints Christian Luiga as CFO

Spotify Technology S.A. (NYSE: SPOT) today announced the appointment of Christian Luiga as its new Chief Financial Officer. Christian joins Spotify from Saab AB, a European defense and security company, where he served as Deputy Chief Executive Officer and Chief Financial Officer.... More

Rosenblatt on Spotify (SPOT): 'Price Hike Report is Encouraging'

Rosenblatt analyst Barton Crockett reiterated a Buy rating and $315.00 price target on Spotify (NYSE: SPOT).

The analyst comments "Encouraging context -- Spotify raised prices in 75% of its markets by the global equivalent of a $1 hike in the US starting in Sept with full phase-in over 4Q23. This price hike... More

Spotify (SPOT) Spotify (SPOT) option implied volatility share price near two-year high

Spotify (NYSE: SPOT) 30-day option implied volatility is at 55; compared to its 52-week range of 29 to 61 as share price near two-year high.