![]() ![]() Spotify (NYSE: SPOT) stock has been among those caught up in the undertow. Marok’s price target for the stock is $150. The great technology and software stock crash of 20 has spared very few companies. ![]() The shares ended the day 1.1% higher to $111.04 on Monday. Market capitalization of Spotify (SPOT) Market cap: 15.82 Billion As of October 2022 Spotify has a market cap of 15.82 Billion. Meanwhile, there may also be some catalysts in the future that could drive the price higher, Marok wrote, including an investor day on Wednesday, better-than-expected ad sales results, and improving macroeconomic conditions. A Spotify spokesperson said the company does not comment on internal organizational changes. ![]() Maya Prohovnik, director of research and development for talk content, is slated to replace current head Michael Mignano in overseeing the company’s efforts to attract podcasters and other creators to the platform, according to the report. ![]() The company has named a new executive to oversee its creator and talk-content strategy, Bloomberg reported on Monday. The company has said it doesn’t expect the podcasting unit to be profitable this year, but it may not be too far off. Analyst price targets range from a low of 103.00 per share to a high of 230.00 per share. The average Spotify price target is 147.86, implying an upside of 27.9. Investors have also been wary about the costs Spotify is incurring to boost its presence in podcasting. Originally written for the MyWallSt app by Anne Marie Kingsland.Want to know more about one of the world's largest music streaming companies. Turning to Wall Street, SPOT has a Moderate Buy rating based on 12 Buys and 11 Holds assigned in the past three months. Pixalate Releases Top CTV and Mobile Apps. The main one is that Netflix faces fierce competition, but Spotify remains a leader within the music streaming industry. (NYSE:SPOT) Given Average Rating of Hold by Brokerages Defense World 2 days ago. But in Marok’s view, Spotify isn’t Netflix - indeed, the music streaming platform has some key differences that likely will work to its advantage. Much of the selloff is tied to investor uncertainty about the f uture of the streaming industry, given “Spotify remains the market leader in streaming music with key competitive advantages including a global presence, best-in-class user experience, and differentiated podcasting content,” Marok added. ![]()
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