Cantor Fitzgerald raised the firm’s price target on Spotify (SPOT) to $490 from $440 and keeps a Neutral rating on the shares as part of a broader note on Internet Stocks. The fundamental backdrop for Internet Stocks remains healthy entering 2025, despite emerging risks like tariffs, and the pace of innovation in areas such as AI, AVs, robotics, and quantum computing is accelerating, the analyst tells investors in a research note. The firm expects digital ads, e-commerce, and mobility, to deliver strong growth and margin expansion in 2025.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on SPOT:
- Spotify put volume heavy and directionally bearish
- Spotify executives, board members sold $1.25B of stock this year, FT reports
- Occidental Petroleum Stock Charges Higher as Warren Buffett’s Berkshire Hathaway Buys 8.9M OXY Shares
- Spotify price target raised to $550 from $460 at Morgan Stanley
- Morgan Stanley swaps Spotify for Disney as top media pick into 2025
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
