spotify triplica su valor en bolsa

The value of Spotify triples in 10 months

Only a month before Spotify unveils its fourth quarter 2020 results, the Bank of America significantly increased the target value of Spotify’s shares.

Bank of America analyst Jessica Reif set a target value of $428 per share.

The current value of Spotify’s shares has tripled since March 2020.

This data makes the industry expect a very good performance report by Spotify. However, the company has accumulated 530 million euros in debt during the first nine months of the year. So to date, 2020 was for them another year of losses.

The market-leading music streaming platform continues to accumulate losses year after year and artists continue to complain about the royalty rate they receive.

Will 2021 be a year of inflection in which the model regenerates to improve the conditions of artists due to this value increase of the platform?