Spotify’s stock (SPOT) is a must-buy, with Cantor Fitzgerald raising its price target to $675 after Q3 2025 results beat expectations. Revenue hit €4.3 billion, operating income reached €582 million. Subscriber count rose 12% to 281 million, Monthly Active Users hit 713 million.

Spotify’s gross margin improved to 31.6%, guided Q4 revenue at €4.5 billion with gross margin reaching 31.9%. Cantor Fitzgerald sees growth potential in podcasts and audiobooks, AI integration driving margin expansion. FY26 revenue estimates trimmed by 1%, EBIT projections rose 7%.

Spotify Technology SA (NYSE:SPOT) is a leading global audio streaming platform, dominating the music streaming industry by market share. Revenue comes from paid subscriptions, advertising, and partnerships.

Potential for SPOT investment acknowledged, but some AI stocks offer greater upside with less risk. For an undervalued AI stock with benefits from tariffs and onshoring trend, consider the best short-term AI stock.

Disclosure: None. This article was originally published on Insider Monkey.

Read more at Yahoo Finance: Spotify (SPOT) Price Target Raised to $675 Amid Strong Q3 Performance