Shares of Spotify (SPOT) are trading higher after the music streaming platform received a price target boost from UBS. The firm raised its price target on Spotify to $375, up from the previous target of $274. The firm believes Spotify's upcoming price increases will be a key factor in driving continued profit growth and top-line revenue expansion for the company. Yahoo Finance's Julie Hyman and Josh Lipton breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Angel Smith
Shares of Spotify (SPOT) are trading higher after the music streaming platform received a price target boost from UBS. The firm raised its price target on Spotify to $375, up from the previous target of $274. The firm believes Spotify's upcoming price increases will be a key factor in driving continued profit growth and top-line revenue expansion for the company.
Yahoo Finance's Julie Hyman and Josh Lipton breaks down the details.
For more expert insight and the latest market action, click here to watch this full episode of Market Domination.
Editor's note: This article was written by Angel Smith
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