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Benzinga
Benzinga
Business
Shanthi Rexaline

Why This Spotify Analyst Says Music Streaming Service May Not Face The Same Challenges As Netflix

Shares of Spotify SA (NYSE:SPOT) sold off on Wednesday after the music streaming service reported its first-quarter results.

The Spotify Analyst: KeyBanc Capital Markets analyst Justin Patterson reiterated an Overweight rating on Spotify stock and lowered the price target from $235 to $210.

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