Macquarie Reiterates Their Buy Rating on Spotify Technology SA (SPOT)
In a report issued on September 13, Amy Yong from Macquarie reiterated a Buy rating on Spotify Technology SA (NYSE: SPOT), with a price target of $245. The company’s shares closed on Friday at $180.63.
According to TipRanks.com, Yong is a 4-star analyst with an average return of 6.7% and a 58.6% success rate. Yong covers the Services sector, focusing on stocks such as Liberty Media Corporation Series A Liberty SiriusXM Common Stock, Liberty Global PLC LiLAC Class A, and Lions Gate Ent Corp Cl A.
Currently, the analyst consensus on Spotify Technology SA is a Moderate Buy with an average price target of $213.29.
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The company has a one-year high of $198.99 and a one-year low of $135.51. Currently, Spotify Technology SA has an average volume of 1.64M.
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Spotify Technology SA is an innovative digital music service offering music fans instant access to a world of music. The company enables on-demand streaming of audio content and aim to combat music piracy by offering a user experience, while monetizing licensed content with both an ad-supported, free-to-the-user model and a premium, paid model.
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