Bullish
Spotify's stock (SPOT) rises 5.15% amid positive analyst outlooks and audiobook expansion.
In the past 24 hours, Spotify's stock (SPOT) experienced a 5.15% increase, closing at $512.92. Analysts have responded positively, with KeyBanc maintaining an 'Overweight' rating and a $660 price target, citing the company's expansion into audiobooks as a key growth driver. Additionally, UBS adjusted its price target to $675 from $690, emphasizing Spotify's differentiated products and potential AI features.
Key points
- KeyBanc maintains 'Overweight' rating with $660 price target, citing audiobook expansion.
- UBS adjusts price target to $675, highlighting differentiated products and AI potential.
- Piper Sandler initiates coverage with 'Neutral' rating and $540 price target.
- Central Pacific Bank Trust Division increases stake in Spotify by 28.8%.
Sources
- KeyBanc maintains Spotify stock rating on audiobooks growth outlookInvesting.com · October 8, 2026
- SPOT Stock Holds Momentum As Wall Street Boosts TargetsTimothy Sykes · October 7, 2026
- Spotify Technology (NYSE:SPOT) Now Covered by Piper SandlerMarketBeat · October 8, 2026
- Spotify Technology $SPOT Stake Boosted by Central Pacific Bank Trust DivisionDefense World · October 6, 2026
AI-generated from public news sources. Not financial advice.
