Spotify Jumps to Record With Analysts Bullish on Podcast Moves
- Company has exclusive shows with Joe Rogan and DC Comics
- Stock on track for biggest weekly percentage gain on record
Photographer: Chris Ratcliffe/Bloomberg
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Spotify Technology SA shares surged Friday, with the stock moving further into record territory after a pair of analysts said the company’s move into podcasts makes them even more bullish.
The company recently announced a number of high-profile podcasts deals, including with Joe Rogan and DC Comics. There’s reportedly also a pact with Kim Kardashian West.