Spotify +2% as Macquarie sees 25% upside

|About: Spotify (SPOT)|By:, SA News Editor

Spotify (NYSE:SPOT) is up 2% after a start at Outperform by Macquarie, which sees years of growth ahead and a target margin of 30-35% by 2022.

The firm's Amy Yong has given Spotify a Street-high price target of $225; that's exactly 25% upside implied from current pricing of $180.

Spotify is up 17.4% this month.

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