UBS analyst Batya Levi upgraded Spotify's stock from Neutral to Buy, raising its target price to $274 from $170.

UBS analyst Batya Levi has upgraded Spotify's stock from Neutral to Buy, increasing the target price to $274 from $170. The streaming service's shares have risen 120% over the past 12 months, and 17% so far this year. 17 out of 22 analysts rate Spotify's stock as a Buy, with an average target price of $204.33. Spotify Technology provides audio streaming services worldwide through its Premium and Ad-Supported segments.

January 30, 2024
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