Guggenheim Raises PT on Spotify (SPOT) to $840 From $725

From Yahoo Finance: 2025-06-28 04:53:00

Spotify Technology S.A. (NYSE: SPOT) is listed as one of the 13 Best Long Term Growth Stocks to Invest in Right Now, with Guggenheim analyst Michael Morris maintaining a Buy rating and raising the price target to $840 from $725 on June 25. The firm updated its model to reflect social charges and currency changes due to a 36% share appreciation since March 31.

Jim Cramer recommends buying Spotify (SPOT) shares during “periodic moments of underperformance,” citing the optimistic outlook for the global streaming audio leader. Potential tier expansion, core pricing power, early-stage commerce opportunities, and expanded delivery of audio formats like podcasts and audiobooks support this positive sentiment.

Spotify Technology S.A. (NYSE: SPOT) provides digital music services through its Premium and Ad-Supported segments. While SPOT presents investment potential, some AI stocks may offer greater upside and lower downside risk. For an undervalued AI stock benefiting from Trump-era tariffs and onshoring trends, check out the free report on the best short-term AI stock.

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