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Spotify Technology S.A. to Announce Financial Results for Third Quarter 2024
Hitting a new all-time high intraday! Will the music streaming giant Spotify continue its 14-day miraculous rise and how much room for further growth is there?
Jefferies believes that Spotify's pricing strategy is competitive, with monthly subscription fees more than 15% cheaper than rival YouTube Premium in some countries, raising Spotify's stock target price from $420 to $445, while maintaining a "buy" rating.
Spotify (NYSE:SPOT) Stock Hits Record High as TikTok Shuts Down Its Music-Streaming Service
Jefferies Maintains Spotify Technology(SPOT.US) With Buy Rating, Raises Target Price to $445