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Spotify's stock (SPOT) rose 3.8% to $506.57 amid positive developments.
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In the past 24 hours, Spotify's stock price increased by 3.8% to $506.57, driven by the expansion of its audiobook service to over 180 markets and the launch of a new multi-year licensing agreement with Joe Rogan. Analysts maintain a cautiously optimistic outlook, with an average 'Moderate Buy' rating and a price target of $592.75.
Points clés
- Spotify's audiobook service is expanding to over 180 markets, including India, by the end of 2026, offering approximately 350,000 titles in more than 120 languages.
- Spotify and Joe Rogan have renewed their multi-year licensing agreement for 'The Joe Rogan Experience,' extending their partnership that began in 2020.
- Analysts maintain a 'Moderate Buy' rating for Spotify, with an average price target of $592.75, indicating potential upside from the current price.
- UBS Group lowered its price target for Spotify from $690 to $675 while maintaining a 'Buy' rating, reflecting cautious optimism.
Sources
Généré par IA à partir de sources d'actualités publiques. Ceci n'est pas un conseil financier.
