Spotify raises US prices of its premium plans in margin push

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Canaccord Genuity Reiterates Buy Rating on Spotify (SPOT)

June 3, 2024 12:02 PM EDT

Canaccord Genuity analyst Maria Ripps reiterated a Buy rating and $370.00 price target on Spotify (NYSE: SPOT).

The analyst comments "We think the pricing changes announced today underscore Spotify's ongoing commitment to expanding profitability and suggest potential upside to current forecast, where both our... More

Evercore ISI Reiterates Outperform Rating on Spotify (SPOT)

June 3, 2024 10:22 AM EDT

Evercore ISI analyst Mark Mahaney reiterated an Outperform rating and $340.00 price target on Spotify (NYSE: SPOT).

The analyst comments "Our View: This is the most material price increase Spotify has done in the U.S. (and bolder than our assumptions... More