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Pivotal gets bullish on Spotify, sees 30% upside

Published 05/29/2018, 01:05 PM
© Reuters.  Pivotal gets bullish on Spotify, sees 30% upside
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  • Pivotal is joining the bulls on parade for Spotify (SPOT -1.7%), initiating coverage at Buy with a healthy price target.
  • The firm set a $200 target, among the highest on the Street; Canaccord Genuity set a $200 price target last month, as did MKM Partners. (Royal Bank of Canada recently lowered its price target to $210 from $220.)
  • That $200 target implies 30% upside from today's lower price.
  • Overall, analysts are bumping price targets higher lately.
  • Now read: How Much Should Investors Pay For Spotify?


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