Spotify (SPOT) July weekly option IV above 100 into quarter results
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Spotify (SPOT) earnings preview
July 22, 2024 5:00 PM EDTBank of America analysts reiterated their Buy rating on Spotify (NYSE: SPOT), forecasting strong 2Q24 results and emphasizing the company's trajectory toward profitability.
The investment bank maintained a price target of $380 on the company's shares, citing confidence in Spotifys strategic initiatives and market performance.
Bank of America expects Spotifys 2Q24 results to align with guidance across key metrics, forecasting revenue of 3.83 billion and gross margins of 28.1%.
"We are confident that Spotifys 2Q24... More
