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.

UMG BROADENS SPOTIFY OFFERINGS
Sir Lucian and Daniel are in harmony. (3/28a)
THE COUNT: COLDPLAY IS HOT, COUNTRY'S COOKIN' IN THE U.K.
The latest tidbits from the bustling live sector (3/28a)
YTD MARKET SHARE
Zeroing in on the elite teams (3/28a)
TRUST IN THE TOP 20
Hip-hop is no longer hibernating. (3/28a)
SONG REVENUE:
A STYLISTIC STEW
MC, divas and singer-songwriters rub elbows. (3/28a)
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)