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Spotify Stock Can Hit $500. Plus, Cava, Rivian, and More.

By MarketWatch   |   Nov 15, 2024 at 08:46 PM EST
Spotify Stock Can Hit $500. Plus, Cava, Rivian, and More.

Investment reports on Spotify by Deutsche Bank highlight strong third-quarter performance with higher-than-expected gross margins. Increased prices outweighed ad-supported weakness, driving gross margins to 31.1%, surpassing estimates.

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