Spotify Technology Rallies After Earnings: 'Ample Capacity For Capital Returns'

Shares of Spotify Technology SA SPOT were climbing Wednesday after the company reported upbeat third-quarter earnings.Here are some key analyst takeaways.Macquarie Equity Research analyst Tim Nollen maintained an Outperform, while raising the price target higher from $395 to$500.Goldman Sachs analyst Eric Sheridan reiterated a Buy, while lifting the price target from $430 to$490.Bank of America Securities analyst Jessica Reif Ehrlich reaffirmed a Buy rating, while raising the price target from $430 to$51 ...