Information Provided By:
Fly News Breaks for August 1, 2019
SPOT
Aug 1, 2019 | 07:47 EDT
Morgan Stanley analyst Benjamin Swinburne noted that Spotify's paid net adds came in a bit behind expectations in Q2, but he said its full year net additions expectations are "essentially unchanged" and its engagement and funnel trends are "encouraging." He was further encouraged by better constant currency revenue growth and improvement in gross margins, said Swinburne, who raised his price target on Spotify shares to $180 from $170 following the quarterly report. He maintains an Overweight rating on Spotify.
News For SPOT From the Last 2 Days
SPOT
Mar 27, 2024 | 15:57 EDT
Welcome to "#SocialStocks," The Fly's weekly recap of Wall Street's reactions to social media stock news. GOVERNMENT SCRUTINY: The Biden... To see the rest of the story go to thefly.com. See Story Here
SPOT
Mar 26, 2024 | 12:26 EDT
"Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: While... To see the rest of the story go to thefly.com. See Story Here
SPOT
Mar 26, 2024 | 05:40 EDT
BofA added Spotify (SPOT) to its US 1 List while removing Netflix (NFLX). The list is a collection of the firm's best ideas.