Some would argue that its major markets are mature, limiting growth. Yet Pivotal Research Group CEO and Internet, Media and Communications analyst Jeff Wlodarczak believes higher medium to long-term Average Revenue Per User and subscriber forecasts warrants a street-high price target for Spotify shares that is significantly higher than its current trading range.
![Spotify logo [Photo: Bryce Durbin]](https://rbr.com/wp-content/uploads/Bryce-Durbin-Spotify.jpg "Bryce Durbin Spotify")
