Spotify stock ends week near $515 after Audiobook Charts launch — what SPOT traders watch next
Spotify shares rose 3.9% to $514.94 Friday, then slipped 0.4% in after-hours trading. The company launched weekly Audiobook Charts in the U.S. and U.K. and announced a Gorillaz fan experience tied to a new album. Arete Research upgraded Spotify to buy with a $586 target, citing improved margins. Broader U.S. markets fell Friday, with the Dow down 1.05%.