Spotify stock has received multiple bullish assessments from analysts as it continues to target efficiency and profitability. To this point in September, these bullish Spotify stock positions have come from UBS, Wells Fargo, and Zacks Equity Research. the optimistic views appear to underscore confidence in the music streaming giant’s current business model. As highlighted, that model, defined by significant layoffs, multiple podcast cancellations, and a heightened focus on near-term profitability, has taken center stage in 2024.
Source: Spotify Stock Draws Bullish Analyst Assessments Amid Profit Push