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Why Spotify Stock Surged Today

TheMotleyFool

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Shares of Spotify (NYSE: SPOT) jumped 10% on Thursday, following bullish comments by a respected analyst team.

Goldman Sachs analyst Heath Terry reiterated his buy rating for Spotify's shares and lifted his target price from $205 to $280. That represents potential gains for investors of roughly 15% from the stock's closing price on Wednesday, and about 5% following the stock's gains on Thursday.

Shares of Spotify rose sharply on Thursday. Image source: Getty Images.

Source Fool.com

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