Quantcast
SPOTIFY STOCK CONTINUES TO RISE

Spotify hit a record high of $190 at midday Monday, and is opening today above $188, just ahead of the announcement of second quarter earnings on Thursday. Analysts are saying it’s still underpriced.

BTIG analyst Richard Greenfield tagged the streaming company with a buy rating and a $230 price target this week. Raymond James has pushed the price target to $210 and given it a strong buy rating;

Buckingham Research has raised its price target to $201.

"Waiting for a better entry point into the stock has not worked and we believe the Spotify platform is simply too powerful/valuable to wait any longer to embrace SPOT," Greenfield wrote, noting he sees podcasts and in-car listening as growth areas.

It’s expected that Daniel Ek’s company will announce a loss on sales of $1.27b on Thursday. Investors will be focusing subscriber growth and average revenue per user.

STRINGER ON "THE ISSUES AND ACTIONS NEEDED"
Sony Music is all in. (6/1a)
"REAL AND CONSTRUCTIVE CHANGE": SIR LUCIAN SPEAKS OUT
UMG is all in. (6/1a)
RAPINO: SUPPORTING BLACK CULTURE, ANTI-RACISM
Live Nation is all in. (5/30a)
WMG ON COPING WITH THE MOMENT
Warner Music is all in. (6/1a)
ARTISTS MAKE THEIR VOICES HEARD (UPDATE)
The stars are coming out. (6/1a)
TUESDAY
THE SHOW MUST BE PAUSED
TIME TO REFLECT
TIME TO ACT
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)