Spotify Stock Has 26% Upside, According to 1 Wall Street Analyst
SPOTSpotify(SPOT) The Motley Fool·2024-04-07 20:33

Price hikes for premium subscribers should boost the music-streaming veteran's free cash flow. Spotify (SPOT 4.85%) has the potential to greatly increase its free cash flow generation as the music streaming leader boosts prices and better monetizes its users. That's the view of analysts at Pivotal Research, who maintained a buy rating on the stock and boosted their price target from 330to330 to 390 on Friday. That new price target represents a potential upside of about 26%. Pricing is on the rise While Spotify ...