SPOT - Why This Spotify Analyst Is Bullish On Restructuring Plans Despite Sliding Shares | Benzinga
Spotify Technology's (NYSE: SPOT) sales and subscriber numbers remain strong on the heels of Paul Vogel's announced exit as CFO, effective March 31.
The large-scale restructuring plan currently in the works could cause margins to "explode,” according to Rosenblatt Securities.
The Spotify Technology Analyst: Barton Crockett upgraded the rating for Spotify Technology from Neutral to Buy, while raising the price target from $150 to $300.
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The Spotify Technology Thesis: The company’s restructuring plan involves reducing its ...