From Yahoo Finance: 2025-06-27 11:15:00

BofA raised Spotify’s price target to $900 from $700, maintaining a Buy rating due to an inflection point in profitability and free cash flow. Q2 revenue forecast lowered to EUR 4.25B from EUR 4.32B due to currency moves, but gross margin forecast remains at 31.5%. New multiple represents slight discount to Netflix’s. Probability of capital returns anticipated.



Read more at Yahoo Finance: Spotify price target raised to $900 from $700 at BofA