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Fly News Breaks for August 5, 2019
SPOT
Aug 5, 2019 | 08:06 EDT
SunTrust analyst Matthew Thornton raised his price target on Spotify to $172 and kept his Buy rating after its Q2 results. The analyst notes that while subscriber net additions missed expectations, monthly active user, or MAU, growth "beat handily", with listening hours also rising 35% and active listeners up 30%. Thornton is also positive on the progress being made in label negotiations, outperforming gross margins, and "10s-of-millions of podcast MAUs disclosed by the management.
News For SPOT From the Last 2 Days
SPOT
Apr 18, 2024 | 06:45 EDT
