Spotify price target boosted to $540, more growth in 2025
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UBS (UBS) boosted its price target for Spotify (SPOT) to $540 from $485, maintaining a Buy rating. Josh Lipton and Julie Hyman outline the details on Market Domination.
Spotify had a productive 2024, making headway with intermediate financial targets and successfully implementing price increases. Despite some short-term pressures from new partner programs, product enhancement remains a priority for Spotify this year, and UBS expects continued margin expansion for Spotify in 2025.
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This post was written by Josh Lynch