Morgan Stanley names this music stock a top pick, cites rising engagement and the industry's superstar year

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

2023's gold rush for Taylor Swift and Beyoncé music should continue to bode well for shares of this music streaming stock, according to Morgan Stanley.

2023's gold rush for Taylor Swift and Beyoncé music should continue to bode well for shares of Spotify Technology , according to Morgan Stanley. Analyst Benjamin Swinburne named the music streaming company a top pick and reiterated his buy rating. Heightened engagement levels and ongoing innovation should fuel further market share gains and help the company hold onto pricing power, he added.

mountain Spotify shares have nearly doubled since the start of 2023. Product improvements, combined with Premium subscriber and average revenue per user growth, should also enable Spotify weather a difficult macro environment. Consensus estimates, he added, have also failed to take into account intermediate term gross margin and earnings before interest and tax expectations.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 12. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인