Evercore ISI Reiterates Outperform Rating on Spotify (SPOT)
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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
June 3, 2024 8:47 AM EDT
Investing.com --Â Shares in Spotify (NYSE: SPOT) jumped in premarket U.S. trading on Monday after the music-streaming service announced that it had raised the prices of its premium offering in the U.S.
On a monthly basis, an individual... More
June 3, 2024 6:25 AM EDT
(Reuters) -Spotify raised prices for its premium plans in the United States on Monday, the latest step by the Swedish music-streaming service in its push to increase margins.
The company raised prices of its individual plan to $11.99 from $10.99 per month, duo plan to $16.99 from $14.99 and its family plan to $19.99 from $16.99 in its largest market by revenue.
Spotify has been trying to boost its margins in recent... More
