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Spotify: Analysts Opinions: Difference between revisions
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Return to [[Spotify]] | [[Spotify: Quarterly Results/2023 Q4]] | Return to [[Spotify]] | [[Spotify: Quarterly Results/2023 Q4]] | ||
=== February 2024 === | |||
February 5, 2024: Outperform, $200->$245: Analyst Mark Mahaney of Evercore said checks point to "'''another strong showing for Spotify Wrapped this year'''" and views consensus estimates for Q4 revenue, MAU and premium subscription net adds as "reasonable". He believes Q4 operating income was de-risked when the company gave updated guidance following the layoff. Evercore raised its forecast for Spotify's operating income for 2024 to EUR 530 million from EUR 86 million<ref>https://thefly.com/landingPageNews.php?id=3856451&headline=SPOT-Spotify-price-target-raised-by--at-Evercore-ISI-heres-why&utm_source=https://thefly.com/news.php%3fsymbol=SPOT&utm_medium=referral&utm_campaign=referral_traffic</ref>. | |||
February 5, 2024: Overweight, $230->$250: Morgan Stanley continues to see "compelling for investors in music streaming". The analyst believes double-digit industry growth coupled with improving profitability for distributors and suppliers should support upward revisions and multiple expansions<ref>https://thefly.com/landingPageNews.php?id=3856526&headline=SPOT;WMG-Spotify-price-target-raised-by--at-Morgan-Stanley-heres-why&utm_source=https://thefly.com/news.php%3fsymbol=SPOT&utm_medium=referral&utm_campaign=referral_traffic</ref>. | |||
=== January 2024 === | === January 2024 === | ||