She also thinks the company has substantial room to keep increasing its gross margins and create value for shareholders. "Most notably, Spotify will be rolling out in 85 new markets across Asia, Africa, the Caribbean, Europe and Latin America, representing over potential users (nearly half have internet access, though these are all growing mkts) and will also introduce Spotify HiFi (hi-def add-on option) in select markets later this year," Ehrlich wrote.Įhrlich argued Spotify is in a great position to benefit from an enormous long-term global audio market. Bank of America Global Research analyst Jessica Reif Ehrlich believes the presentation highlighted the service's opportunities outside of the U.S. The company (ticker: SPOT) hosted a virtual investor event on Monday. Spotify Technology shares are falling amid a broader t ech-led selloff, but an analyst at Bank of America Global Research sees room for the stock, which is hotly debated by analysts, to rise by roughly 29% from current levels. DJ Spotify Stock Is Dropping, but Analyst Sees Potential for Gains.
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