When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Spotify (SPOT) .Spotify currently has an average brokerage recommendation (ABR) of 1.72, on a s ...

Price hikes for premium subscribers should boost the music-streaming veteran's free cash flow.Spotify (SPOT 4.85%) has the potential to greatly increase its free cash flow generation as the music streaming leader boosts prices and better monetizes its users. That's the view of analysts at Pivotal Research, who maintained a buy rating on the stock and boosted their price target from $330 to $390 on Friday. That new price target represents a potential upside of about 26%.Pricing is on the riseWhile Spotify's ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

A pricing increase was cheered by investors this week.Shares of Spotify (SPOT 4.03%) jumped as much as 14.1% this week after it was reported that the company is considering another price increase in 2024. According to data provided by S&P Global Market Intelligence, shares are trading up 14.3% for the week as of 10:00 a.m. ET on Friday morning and are now up a whopping 119% in the past year.Spotify's rising pricesIn 2023, Spotify raised prices for the first time in years, with a $1 to $2 increase in the U.S ...

Listening to Spotify could get more expensive for some users this year. The cost of Spotify Premium subscriptions in the U.S. will rise later in the year, Bloomberg reported Wednesday, citing people familiar with the matter.Premium users in the U.K., Australia, Pakistan and two other markets will see the price increase go into effect, according to the outlet. It will reportedly roll out by the end of the month in those markets. Spotify will implement a roughly $1-per-month hike for individual subscriptions ...

Spotify (SPOT) shares ended the last trading session 8.2% higher at $291.77. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 1% gain over the past four weeks.Spotify’s stock price increased on reports that it may raise prices on its plan. Bloomberg reported on Wednesday that Spotify intends to hike its plans’ prices by $1-$2 per month in five markets, including the U.K., Pakistan and Australia, by the end of April. ...

KEY TAKEAWAYS Spotify is reportedly boosting prices and making changes to its subscription plans.Bloomberg said the price hikes will go into effect in five countries this month, and in the U.S. later this year.Sources indicate the streaming audio service will also offer a new basic tier that won't include audiobooks. Spotify Technology (SPOT) shares rose to their highest level since Nov. 2021 on Wednesday following a report that the streaming audio provider will be boosting prices several key markets and ch ...

Spotify (NYSE:SPOT) stock is on the move Wednesday on reports that the music streaming company is going to increase prices this year.According to these reports, Spotify is looking to bump up prices for its streaming content by $1 to $2 in 2024. The company will allegedly introduce these price increases across five markets. That includes the U.S., U.K., Australia, Pakistan and one other area.The reports say that the U.S. price change will go into effect later this year. This will see the price of individual ...

A screen displays the logo and trading information for Spotify as a trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 4, 2023.Spotify shares jumped 6% Wednesday after a Bloomberg report said the company will increase prices for its premium subscription service in several markets, including the U.S., for the second time in a year.The Swedish music-streaming company will hike prices in the U.S. later this year, Bloomberg reported Wednesday, citing people familiar ...

The "Magnificient Seven" stocks have dominated the market since the start of 2023. Leading the broad indices to new highs, these seven companies -- all of which have had a market capitalization of at least $1 trillion at some point -- have become the backbone of the modern stock market. Businesses like Alphabet and Apple have demolished most of their competitors, such as Yahoo and Blackberry.Investors might think it is impossible to compete with the Magnificent Seven tech stocks at this point. But that is n ...