UBS Raises Spotify Price Target to $895, Predicts Strong Growth

UBS raised Spotify (SPOT) price target to $895, maintaining a “Buy” rating. Growth catalysts include expanding audiobooks, new subscription tiers, and growing ad revenue. UBS projects 16% revenue growth through 2028 and a 20% operating margin in 2027 for SPOT.

Analysts anticipate increased cash generation for Spotify (SPOT) from these improvements, enabling more shareholder value returns. As the largest audio streaming service globally, Spotify offers millions of songs, podcasts, and audiobooks. Consider other AI stocks for potential upside and less downside risk.

Investors can explore American semiconductor and fintech stocks for opportunities. This article was originally published on Insider Monkey.

Read more at Yahoo Finance: UBS Lifts Spotify (SPOT) Price Target, Maintains Buy Rating