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Spotify: Analysts Opinions: Difference between revisions
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=== January 2024 === | |||
January 30, 2023: Neutral->Buy, $170->$274: Analyst Batya Levi of UBS sees Spotify’s margin improving. “We think efficiency initiatives remain the focus and have increased conviction on sustainable margin expansion and stronger bottom line trends in the coming years,” analyst Batya Levi wrote in a note. “This, coupled with solid sub/MAU growth, a steady cadence of price increases and advertising growth, should lead to an improved EBITDA trajectory (UBSe ~30% higher than the Street in '24-27E).” Levi expects Spotify podcasts to break even in the first half of 2024, pushing the ad-supported segment margin to 12% from 3% last year. He forecasts its gross margin to reach 27.1% in 2024 and around 90 basis points increase each year from 2025 to 2027. He expects the latest layoff to reduce operating expenses by around €340M<ref>https://seekingalpha.com/news/4059968-spotify-ticks-up-as-ubs-upgrades-sees-margins-rising</ref>. ''The stock rose 2% on the news.'' | |||
=== December 2023 === | === December 2023 === | ||