3/9/2023 0 Comments Will spotify stock go up“I mean, certainly what’s gone on with Joe Rogan hasn’t been helpful, in line with this broader NASDAQ tech selloff that we’ve seen in the market. “I think the reaction actually is absolutely about Netflix,” Wells Fargo senior equity analyst Steven Cahall told CNBC’s Closing Bell. Lastly, regarding the controversy surrounding The Joe Rogan Experience, multiple other financial experts have downplayed related events’ impact upon Spotify stock’s outlook and 2022 loss. Monness Crespi set a $240 Spotify stock target price – down substantially from a previous $380 target, but still a roughly 20 percent improvement from SPOT’s current worth. And Worm Capital subsequently expressed the view that Spotify “will ultimately prove out to be the Google of audio.” Other analysts have more recently taken positive positions on SPOT, and even relatively cautious forecasts like that issued by Monness Crespi’s Brian White – who acknowledged the wider tech-stock selloff – have come with growth-minded target prices. Specifically, Amsterdam’s The Guardian Fund in early 2021 predicted that SPOT could be valued at five times as much by 2030 – or approximately $1,750, factoring for the stock’s price at the time.
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