Morgan Stanley Reiterates Bullish Outlook on Spotify with Raised Price Target
Morgan Stanley has reaffirmed its bullish stance on Spotify (SPOT), maintaining an overweight rating and setting a $590 price target, implying over 30% upside. The firm highlighted Spotify's strong Q1 performance, including a 33.0% gross margin and €750 million in operating income.
Topics: AI Investment Investor Day Morgan Stanley Profitability Spotify