and DC Entertainment to produce scripted podcasts exclusively on the platform, and an agreement with Kim Kardashian West for an exclusive criminal-justice podcast. Spotify is listed (through a Luxembourg City-domiciled holding company, Spotify Technology S.A.) on the New York Stock Exchange in the form of American. Morgan Stanley analyst Benjamin Swinburne maintained an. The Stockholm-based company has signed a string of exclusive content deals, including an agreement with podcaster Joe Rogan, a multiyear partnership with AT&T's ( T) Warner Bros. The Spotify Analysts: BofA Securities analyst Jessica Reif Ehrlich maintained a Buy rating and a 352 price target on Spotify shares. Spotify has been on a tear since mid-March on expectations that surging demand for podcast content will boost its bottom line. The company announced Tuesday that it was partnering with Warner. Spotify Stock Drops as Analysts Warn Company Must Prove Podcast Strategy Spotify shares fell as much as 6 on July 14 following a report by analysts at Bernstein that questioned the. He did raise his one-year price target to $172 from $134, though that still implies downside from its last close above $270. 3.47 Spotify Technology SA shares S: SPOT are up more than 12 in Thursday trading amid optimism for a series of podcast deals. In 2019, though, Spotify is turning on the original-content engines, much like Netflix. The stock was already trading lower on Friday after it was. There are some original podcasts, but not many, and that leaves the door open for competitors to steal share. Geographic limitation to the podcasts, some of which “are only relevant in the U.S.,” along with the threat of competition are also not in Spotify’s favor from an investment standpoint, Juenger said. Spotify shares dropped as much as 7 on Friday after Apple announced its in talks to start a new podcasting subscription service. “We continue to believe it’s unlikely Spotify will generate much earnings from podcasts,” Juenger wrote, noting that while the moves may increase Spotidy's market share of paid music streaming, the degree could be smaller than the stock’s 130% rally since mid-March implies. Rogans show, The Joe Rogan Experience, has been the most listened-to podcast on Spotify and is central to its plan to expand beyond music and take on rivals such as Apple (AAPL.O) and.
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