TSLA - Spotify catches price target boost with shares in solid technical territory: At the Open

Spotify ([[SPOT]], +0.3%) is climbing slightly in premarket trading, and a new vote of confidence from the sell side could help the stock march back to all-time highs as the new year begins.Monness Crespi & Hardt analyst Brian White boosted his price target to $380/share from $310.That’s just shy of the Street-high target of $390. The average price target is $281.85, with analysts overall Neutral. Fourteen are very bullish or bullish, 11 are neutral and six are bearish or very bearish."After battling lackluster investor sentiment in 2018 and 2019, the Spotify story came to life in 2020 as its podcast push gained momentum and the value of the platform became better appreciated, resulting in a reinvigorated stock,” White wrote in a research note.Shares are up more than 9% in December and up 37% since its early November low, as investors have cheered the company’s podcast strategy. It closed its acquisition of

For further details see:

Spotify catches price target boost with shares in solid technical territory: At the Open