Canaccord Genuity assumed coverage on shares of Spotify (NASDAQ:SPOT) in a research report issued on Thursday, Marketbeat reports. The firm set a “buy” rating and a $200.00 price target on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 35.21% from the company’s current price.
Other equities research analysts have also issued reports about the company. Guggenheim began coverage on Spotify in a research report on Tuesday. They issued a “buy” rating and a $175.00 target price on the stock. Stifel Nicolaus began coverage on Spotify in a research report on Thursday. They issued a “buy” rating and a $180.00 target price on the stock. Gabelli began coverage on Spotify in a research report on Tuesday. They issued a “hold” rating and a $130.00 target price on the stock. MKM Partners began coverage on Spotify in a research report on Thursday, March 29th. They issued a “buy” rating and a $200.00 target price on the stock. Finally, Atlantic Securities began coverage on Spotify in a research report on Wednesday, March 28th. They issued an “overweight” rating on the stock. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Spotify presently has a consensus rating of “Buy” and an average target price of $184.17.
Shares of NASDAQ SPOT opened at $147.92 on Thursday. Spotify has a 1-year low of $135.51 and a 1-year high of $169.00.
COPYRIGHT VIOLATION WARNING: “Spotify (SPOT) Receives New Coverage from Analysts at Canaccord Genuity” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://www.dispatchtribunal.com/2018/04/07/spotify-spot-receives-new-coverage-from-analysts-at-canaccord-genuity.html.
Spotify Technology SA is an innovative digital music service offering music fans instant access to a world of music. The company enables on-demand streaming of audio content and aim to combat music piracy by offering a user experience, while monetizing licensed content with both an ad-supported, free-to-the-user model and a premium, paid model.
Receive News & Ratings for Spotify Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spotify and related companies with MarketBeat.com's FREE daily email newsletter.