![]() Evercore reiterated its upbeat view of the streaming giant last month, for instance, and The Guardian Fund remains bullish about SPOT owing in part to the company’s perceived monetization potential. Nevertheless, Rowan Street isn’t the only firm that’s still long Spotify, into which Daniel Ek poured another $50 million over the summer. Of course, all manner of analysts issued bullish SPOT forecasts when the stock was riding high at north of $300 per share (and almost $400 for a time), but many have since adopted comparatively bearish positions and/or cashed out of millions in Spotify stock. Spotify price target lowered to 120 from 140 at Morgan Stanley 10/07/22 Truist Spotify price target lowered to 125. Moving forward, it’ll be worth seeing whether this and similar assessments of Spotify stock end up being accurate. The Fly team scours all sources of company news, from mainstream to cutting edge,then filters out the noise to deliver shortform stories consisting of only market moving content. “Now, the market may not reflect the value creation of Spotify over the next 6 months or even a year, but over the next 5 years the odds are the stock will jump significantly higher to reflect the underlying value creation at the company,” the entity finished. If we placed just a 20x multiple on that, which could prove quite conservative for a company growing 20+%, it would give us a $70 billion valuation (4x from the current market price). ![]() “We estimate that by 2025, Spotify could earn over $3.5 billion in adjusted operating profits. ![]()
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