Equities research analysts at Stifel Nicolaus assumed coverage on shares of Spotify (NASDAQ:SPOT) in a report released on Thursday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $180.00 price target on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 21.69% from the company’s current price.
A number of other brokerages also recently issued reports on SPOT. Gabelli assumed coverage on Spotify in a research report on Tuesday. They set a “hold” rating and a $130.00 price target on the stock. Guggenheim assumed coverage on Spotify in a research report on Tuesday. They set a “buy” rating and a $175.00 price target on the stock. Royal Bank of Canada initiated coverage on Spotify in a research report on Thursday, March 29th. They set an “outperform” rating and a $220.00 price target on the stock. MKM Partners initiated coverage on shares of Spotify in a report on Thursday, March 29th. They set a “buy” rating and a $200.00 price objective on the stock. Finally, Atlantic Securities initiated coverage on shares of Spotify in a report on Wednesday, March 28th. They set an “overweight” rating on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Spotify has a consensus rating of “Buy” and an average target price of $184.17.
Shares of SPOT stock opened at $147.92 on Thursday. Spotify has a 12-month low of $135.51 and a 12-month high of $169.00.
ILLEGAL ACTIVITY NOTICE: “Stifel Nicolaus Initiates Coverage on Spotify (SPOT)” was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://www.dispatchtribunal.com/2018/04/07/stifel-nicolaus-initiates-coverage-on-spotify-spot.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.