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SPOTIFY, DAY 3

Spotify has bounced back from Wednesday’s close, rising close to $6 a share in early morning trading after an analyst gave a “buy” rating to the stock. It ended the day at $144.

More than 7.2m shares exchanged hands.

A rally began in the morning after Stifel analyst John Egbert wrote, "We believe an all-you-can-listen-to on-demand music streaming service for $9.99 a month is high on the list of Internet services offered on a value per dollar basis, right behind's Amazon's $99 a year all-you-can-order Prime membership and Netflix's $10.99 a month all you-can-watch subscription."

Stifel issued a buy rating with a target price of $180, which drive the price to just under $150. 

Gabelli & Co.’s John Tinker is all bullish, telling Barron’s, “if you’re an institutional growth investor, you need to be in growth stocks. If you’re a big institution, you gotta own some of this.”

 

MAYBE, JUST MAYBE:
MOBILE PHONES,
IMMOBILE HUMANS
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RAINMAKERS: TOWERING OVER THE COMPETITION
A big tease for the upcoming edition. (9/29a)
THE DEATH OF PRINT JOURNALISM: GRAMMY PREVIEW EDITION
Gimme an "H." Gimme another "H." (9/29a)
NEAR TRUTHS: KANYE
AND HIS PHONE
A quintessential American story (9/29a)
21, METRO ANNOUNCE SAVAGE MODE II
Dynamic hip-hop duo forges a franchise. (9/29a)
GRAMMY TALK
We're full of it.
AFRICAN POP
Getting global with it.
IT'S PRETTY SMOKY
And this time it's not from our bong.
WHAT COMES AFTER TIKTOK?
Shorter videos! Weirder trends!
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