Gabelli Initiates Coverage on Spotify (SPOT)

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Gabelli Initiates Coverage on Spotify (SPOT)

MKM Partners' target price would indicate a potential upside of 38.90% from the stock's previous close.

Other equities analysts also recently issued research reports about the company.

Stifel also started SPOT stock with a "buy" rating, and set its price target at $180.

4/3/2018-Gabelli initiated coverage with a Hold rating. They issued a "buy" rating and a $175.00 price objective on the stock. Analysts are anxious that will be more hard for Spotify to do because it is primarily negotiating for the same music streaming rights as Apple, Google and Amazon - companies that can afford to pay even more, if they want.

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Typically, companies seeking a stock market listing hire investment banks to sell shares on their behalf and brokers help match buyers and sellers to make sure that the stock does not have a volatile debut. The firm acknowledges that the on-demand music streaming segment is highly competitive, including offerings from Apple, Amazon, and Google, but feels that Spotify will be able to retain an edge due to its technology-driven personalization and scale. The company now has an average rating of "Buy" and a consensus price target of $181.00.

TRADEMARK VIOLATION NOTICE: This story was reported by The Lincolnian Online and is the sole property of of The Lincolnian Online.

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