Spotify Technology SA launched audiobooks in the United States last week. What Happened Commenting on the development, KeyBanc Capital Markets analyst Justin Patterson reiterated an Overweight rating and a $148 price target for Spotify shares. Audiobooks could be immaterial to Spotify’s performance into the year-end and likely in 2023, too, Patterson said in a note….
Spotify Analyst Finds Risk-Reward Compelling, but Sees Audiobooks Immaterial Into Year-End and 2023
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