Spotify Shares Soar On Strong Guidance, Despite Q4 Miss


One of the world’s most dominant audio content on-demand platforms on Tuesday revealed its Q4 2023 results. They didn’t meet analysts’ expectations. However, Spotify‘s guidance for what’s to come has excited investors, sending its stock price up by nearly 5% in midday activity on the NYSE.

For Pivotal Research Group CEO and Internet, Media and Communications Analyst Jeffrey Wlodarczak, the forthcoming quarters are so rosy that he reiterated his “Buy” rating on “SPOT” while significantly hiking his year-end target price to a value nearly $100 per share higher than where it started today’s trading session.

Please Login to view this premium content. (Not a member? Join Today!)
You do not have permission to view the comments.

Leave a Reply

Your email address will not be published. Required fields are marked *