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Spotify jumps after Goldman Sachs’ price target boost

On Thursday, shares of Spotify outperformed the broader market after getting a price target boost from Goldman Sachs, which raised its 12-month objective from $205 to $280. The firm thinks Spotify’s recent moves will pay off in the form of an increased global podcast audience, and an advancement of the development of Spotify’s audio advertising technology platform. The Final Round panel discusses the bullish call.