UBS analyst Batya Levi has increased the price target for Spotify (NYSE: SPOT) to $540, up from the previous target of $485. This adjustment reflects a positive outlook on the company's performance and potential growth in the streaming market.
The analyst maintains a Buy rating on the stock, indicating confidence in Spotify's ability to deliver strong results moving forward. This revision comes as Spotify continues to expand its offerings and user base, positioning itself as a leader in the competitive music streaming industry.
Investors will be interested in observing how these developments impact Spotify's market performance in the coming months.