Spotify Technology Continues to Record Strong Subscriber Growth. Pivotal Research Raises the Price Target to $900 (+25%)
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The music streaming provider Spotify Technology (SPOT) is currently one of the most promising growth stocks. In the first quarter, the company impressed with solid results, particularly driven by stronger-than-expected growth in subscriber numbers. The new "Spotify Partner Program" has already generated over $100 million in payouts to video podcast producers – a clear sign of successful content monetization. The international expansion of the audiobook business is also progressing. The quarter additionally recorded the second-highest number of...
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