Spotify Earns Its First Buy Ratings Without Even Knowing Its Opening Price
- Analysts back buying music-streaming stock ahead of arrival
- Share price is an unknown until trading starts on Tuesday
Spotify Climbs After NYSE Debut
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It’s anyone’s guess what price Spotify Technology SA’s shares will trade at when they debut Tuesday, but that hasn’t stopped analysts from jumping in with buy recommendations.
Four analysts released bullish research on the music-streaming company last week ahead of an unusual direct listing on April 3.