Morgan Stanley Keeps Spotify Rating and $640 Target Ahead of Earnings
Photo: TokenPost
Morgan Stanley kept its Overweight rating on Spotify and retained its $640 price target ahead of the streaming company’s earnings. The firm pointed to subscriber growth and potential margin expansion tied to Spotify’s expanding audiobooks business and video podcast monetization. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
