In a report released today, Jason Bazinet from Citi maintained a Hold rating on Spotify, with a price target of $750.00. The company’s shares closed yesterday at $680.28.
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According to TipRanks, Bazinet is a 5-star analyst with an average return of 19.6% and a 65.63% success rate. Bazinet covers the Communication Services sector, focusing on stocks such as AppLovin, Spotify, and Electronic Arts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Spotify with a $777.39 average price target, implying a 14.28% upside from current levels. In a report released on September 30, Goldman Sachs also downgraded the stock to a Hold with a $770.00 price target.
The company has a one-year high of $785.00 and a one-year low of $364.26. Currently, Spotify has an average volume of 1.87M.
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