Spotify Analysts Raise Their Forecasts Following Q3 Earnings
Spotify Q3 EPS and revenue missed estimates; Q4 guidance lagged forecasts. Shares dipped 1.1%, while analysts raised targets to $550-$650.
Spotify missed its targets this quarter, but experts still think the stock will go higher. When smart people raise their price targets, it shows they believe in the company's future even after a stumble.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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