Spotify (SPOT) Now Covered by Canaccord Genuity

Canaccord Genuity initiated coverage on shares of Spotify (NASDAQ:SPOT) in a research report report published on Thursday, MarketBeat.com reports. The brokerage issued a buy rating and a $200.00 price target on the stock.

Several other research firms also recently commented on SPOT. Guggenheim initiated coverage on shares of Spotify in a research report on Tuesday, April 3rd. They set a buy rating and a $175.00 target price for the company. Stifel Nicolaus initiated coverage on shares of Spotify in a research report on Thursday. They set a buy rating and a $180.00 target price for the company. Gabelli initiated coverage on shares of Spotify in a research report on Tuesday, April 3rd. They set a hold rating and a $130.00 target price for the company. MKM Partners initiated coverage on shares of Spotify in a research report on Thursday, March 29th. They set a buy rating and a $200.00 target price for the company. Finally, Atlantic Securities initiated coverage on shares of Spotify in a research report on Wednesday, March 28th. They set an overweight rating for the company. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $184.17.

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NASDAQ:SPOT opened at $147.92 on Thursday. Spotify has a one year low of $135.51 and a one year high of $169.00.

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Spotify Company Profile

Spotify Technology SA is an innovative digital music service offering music fans instant access to a world of music. The company enables on-demand streaming of audio content and aim to combat music piracy by offering a user experience, while monetizing licensed content with both an ad-supported, free-to-the-user model and a premium, paid model.

Analyst Recommendations for Spotify (NASDAQ:SPOT)

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