UBS Raises Spotify Stock (NYSE: SPOT) Rating and Target Price As Daniel Ek Pledges Consistent Profitability

Citing anticipated gross margin improvement and continued user growth for Spotify, UBS has upgraded both its rating and target price for the music streaming company’s stock. The Zürich-headquartered investment bank’s latest SPOT rating and target price just recently entered the media spotlight in brief reports from market-focused outlets. And while Spotify stock was worth $215.35 […]

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Written by Digital Music News