Spotify stock jumps into the weekend after an analyst upgrade and new audiobook charts
Spotify shares rose 3.9% to $514.94 at Friday’s close, outperforming a falling S&P 500 and Nasdaq. Arete Research upgraded the stock to buy but lowered its target price to $586. Spotify launched Audiobook Charts in the U.S. and U.K. and rolled out a Gorillaz fan experience. The stock slipped to $513.07 in after-hours trading.