Spotify Soars 1.81% to Record High on Bullish Analyst Targets
Mover TrackerMonday, Jun 16, 2025 6:27 pm ET

Spotify Technology(SPOT)涨0.66%,连涨2天,近2日涨1.81%。The share price surged to a record high today,with an intraday gain of 1.81%.
The strategy of buying SPOT shares after they reached a recent high and holding for 1 week showed poor performance over the past 5 years. The annualized return was -14.8%, significantly underperforming the market. This indicates that relying on recent highs as a buying trigger and holding for a short duration is not a profitable strategy for SPOT.Evercore ISI recently raised Spotify's price target from $650.00 to $750.00, reflecting a 15.38% increase. This move, coupled with an "outperform" rating, signals a bullish outlook from analysts, which can attract more investors and drive up the stock price.
Spotify's stock has been on a remarkable rally, with returns exceeding 134%. This strong performance indicates robust investor confidence and positive market sentiment towards the company's future prospects.
Additionally,
hit a new 12-month high, with Robert W. Baird raising their target price from $700.00 to $730.00 and maintaining an "outperform" rating. This further underscores the strong performance expectations for the company.
Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.
Comments
No comments yet