That’s after a 100 percent jump for its share price posted during the first three months of 2023. Lionsgate shares finished the first half of 2023 around 60 percent higher as its stock closed down 26 cents, or 3 percent, at $8.82 on Friday. “Spotify is a better business, but not yet a great business. We see the path to our new target as Spotify largely proving it’s sustainably profitable.” “Spotify’s commitment to margin improvement is picking up pace,” Wells Fargo analyst Steven Cahall wrote in February when he upgraded the stock from “equal weight” to “overweight” and boosted his price target from $121 to $180.
Layoffs and other cost cuts have given Wall Street more confidence in the company’s profit outlook. Music streamer Spotify was one of the big gainers of the first six months of 2023, ending the half-year period up 103 percent as of Friday’s market close up $1.38, or nearly 1 percent, at $160.64. Korean Actress Park Eun-bin to Star in Netflix K-Drama 'Castaway Diva'
