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BofA Raises Spotify Price Target

This is a Spotify news story, published by Yahoo Finance, that relates primarily to BofA news.

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TipRanks

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Business

Business & Economics

Spotify price target raised to $900 from $700 at BofA

TipRanks

Summary

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79% Informative

BofA raised the firm’s price target on Spotify (SPOT) to $ 900 from $ 700 and keeps a Buy rating on the shares.

The firm lowered its Q2 revenue forecast to EUR 4.25B , “entirely related to currency moves,” but maintains its gross margin forecast of 31.5% .

VR Score

71

Informative language

65

Neutral language

42

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formal

Language

English

Language complexity

64

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not offensive

Hate speech

not hateful

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not detected

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short-lived

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11

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