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Stock impact report

Citizens Initiates Spotify (SPOT) with $800 PT, Cites Pricing Power and Audio Dominance [Yahoo! Finance]

Spotify Technology S.A. Ordinary Shares (SPOT) 
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
coverage of Spotify with an Outperform rating and $800 price target. The firm remains bullish on Spotify due to the company's evolution into a dominant, multi-format audio platform. The firm specifically points to the company's underappreciated ability to raise subscription prices without losing its competitive edge as a key factor for future profitability. On December 11, David Chiaverini from Jefferies maintained a Buy rating on Spotify, with a price target of $800. Additionally, on December 9, Spotify announced the expansion of its music video beta to Premium subscribers in the US and Canada. This rollout allows millions of users to access a curated catalog of official music videos directly within the app on iOS, Android, desktop, and TV devices. By selecting a supported track and tapping the Switch to video toggle, fans can seamlessly transition from audio to video without losing their place in the song. The move is backed by strong engagement data: Spotify found that users Show less Read more
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