Spotify's Next Huge Growth Driver Will Shock You
Audiobooks aren't just a side business for Spotify, they're a future growth driver.
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Audiobooks aren't just a side business for Spotify, they're a future growth driver.
Daniel Ek, the co-founder of Spotify Technology SA (NYSE:SPOT), has recently sold 650,000 company shares through two transactions, marking a significant increase in stock sales compared to previous years. The series of sales, valued at about $179 million, represents Ek’s strategic financial planning despite still holding a 7% stake in Spotify, a significant component of his $4.4 billion net worth. Spotify’s stock has risen significantly, increasing by 267% since late 2022, according to Bloomberg
Spotify Technology (NYSE:SPOT – Free Report) had its target price upped by Bank of America from $315.00 to $370.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the stock. Several other equities research analysts also recently issued reports on SPOT. Piper Sandler restated a neutral […]
Spotify Technology (NYSE:SPOT – Free Report) had its target price upped by The Goldman Sachs Group from $277.00 to $317.00 in a research note issued to investors on Wednesday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock. A number of other brokerages also recently issued reports on SPOT. Raymond James […]
Spotify Technology (NYSE:SPOT – Free Report) had its price target upped by Bank of America from $315.00 to $370.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock. A number of other research analysts also recently commented on SPOT. Wells Fargo & Company boosted […]