/Spotify%20logo%20by%20Bastian%20Riccardi%20via%20Unsplash.jpg)
Valued at a market capitalization of $145 billion, Spotify (SPOT) offers audio streaming services worldwide. The tech stock went public in early 2018 and has since returned close to 400% to shareholders.
Earlier this week, Pivotal Research raised Spotify’s price target to a Wall Street-high of $900 (from $800), maintaining a “Buy” rating and citing the company’s dominant position in the premium audio streaming market.