Morgan Stanley analyst Benjamin Swinburne raised the firm’s price target on Spotify to $550 from $460 and keeps an Overweight rating on the shares. The firm also removed Spotify (SPOT) as its top pick in media and entertainment in favor of Disney (DIS) as part of a 2025 outlook. Two years of restructuring, price increases, and password crackdowns eased competitive intensity and delivered streaming profits, the analyst tells investors in a research note. Morgan Stanley anticipates another strong year of advertising growth in the U.S. in 2025. It calls Spotify a “champion” in audio.
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Read More on SPOT:
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
