Guggenheim Maintains Bullish Stance on Spotify (SPOT), Predicts Outperformance by 2026

Spotify Technology S.A. (NYSE:SPOT) ranks among the best-performing European stocks to invest in. On September 3, Guggenheim reaffirmed its $850 price target and Buy rating on Spotify Technology S.A. (NYSE:SPOT). Along with the company’s proven pricing power in the audio streaming market, the firm expressed confidence in Spotify’s product development plans, which include messaging tools, DJ mix functionality, and Instagram music previews.

Based on a thorough examination of premium ARPU assumptions by market and strategy, Guggenheim predicts that Spotify’s 2026 performance will surpass current consensus projections, generating the possibility of sustained growth and additional share price gain.

The firm’s forecast includes a gross margin analysis that accounts for non-music revenue distributions as well as additional expenses for audiobook and video podcast material.

Spotify Technology S.A. (NYSE:SPOT), a leader in digital music streaming, is renowned for revolutionizing the music industry.

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Disclosure: None. This article is originally published at Insider Monkey.