Jefferies raises Spotify price target to $620
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- 1Jefferies raised its previous price target for Spotify from $600 to a higher target of $620.
- 2Jefferies expects Spotify's projected Q3 margin of 33.1% to slightly exceed the Q3 margin guidance of 32.9%.
- 3Jefferies anticipates a potential announcement regarding the launch of AI-based remixing products in late 2026.
So what's the key point?
Jefferies raised its expectation for Spotify's stock price to $620. The firm expects the company's profit margins to be higher than anticipated and sees the possibility of new AI products being released.
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