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Search resuls for: "1Q24"


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☆ Wells Fargo upgrades Spotify, says stock can rally nearly 50% as margins expand
  + stars: | 2023-02-06 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +2 min
It's time to jump back into the Spotify bandwagon, according to Wells Fargo. Analyst Steven Cahall upgraded the audio streaming stock to to overweight from equal weight, saying the company is now "off margin probation." An expected price hike could also further improve gross margins for Spotify's Music division, according to Cahall. Additionally, Spotify received an upgrade to overweight by Atlantic Equities, which is optimistic about the company's gross margin expansion and advertising outlook. The stock has jumped 53.4% in 2023, as part of the tech stock rally .
☆ Here are Monday's biggest analyst calls: Apple, Tesla, Amazon, Netflix, Spotify, Disney, Uber & more
  + stars: | 2023-02-06 | by ( Michael Bloom | ) www.cnbc.com   time to read: +7 min
Wells Fargo upgrades Spotify to overweight from equal weight Wells said the stock is coming off of "margin probation." Bernstein upgrades Diageo to outperform from market perform Bernstein said shares of the spirits company are compelling at current levels. " Wells Fargo reiterates Tesla as equal weight Wells said the industry dynamic surrounding EV pricing remains "challenged." Raymond James downgrades PayPal to market perform from outperform Raymond James said in its downgrade of PayPal that market share losses are growing. Cowen initiates Dick's as outperform Cowen said its survey checks show that Dick's continues to gain market share.
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