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flag Fisher Asset Management boosted its Spotify stake to 2.6 million shares, valuing it at $1.82 billion, after strong earnings and AI feature rollout.

flag Fisher Asset Management increased its stake in Spotify by 4.6% in Q3, now holding 2.6 million shares valued at $1.82 billion, following strong earnings with $5.16 EPS and $5.32 billion in revenue, surpassing estimates. flag The company reported a 13.16% net margin and 31.35% return on equity, while rolling out AI-powered playlist features. flag Despite a pessimistic near-term forecast from Guggenheim and minor distractions like a $495 “musical urn,” Spotify’s stock holds a “Moderate Buy” consensus rating and a $698.91 target.

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