Spotify to raise prices of plans in some markets, Bloomberg News reports
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Spotify (SPOT) PT Raised to Street High $390 at Pivotal Research
April 5, 2024 6:02 AM EDTPivotal Research analyst Jeffrey Wlodarczak raised the price target on Spotify (NYSE: SPOT) to $390.00 (from $330.00) while maintaining a Buy rating.
The analyst comments "We are raising our already Street High $330 YE24 target price $60 to $390 driven primarily by higher premium and to a lesser... More
Rosenblatt on Spotify (SPOT): 'Price Hike Report is Encouraging'
April 4, 2024 7:04 AM EDTRosenblatt analyst Barton Crockett reiterated a Buy rating and $315.00 price target on Spotify (NYSE: SPOT).
The analyst comments "Encouraging context -- Spotify raised prices in 75% of its markets by the global equivalent of a $1 hike in the US starting in Sept with full phase-in over 4Q23. This price hike... More
Evercore on Spotify (SPOT): '$1 For $1B: We believe if this price increase is carried out broadly, it could potentially contribute $1B of incremental Revenue'
April 3, 2024 12:53 PM EDTEvercore ISI analyst Mark Mahaney reiterated an Outperform rating and $285.00 price target on Spotify (NYSE: SPOT).
The analyst comments "The News: According to Bloomberg report this morning, Spotify will potentially raise prices by $1-$2/month in five markets, including the UK and Australia, by the end of April, and with a potential U.S. price increase to come later this year, helping to cover the cost of Audiobook. The report also noted that Spotify plans to make the current $11/month plan a basic tier that offers Music & Podcasts only, where subscribers need... More
