However, some financial professionals – including Bernstein’s Todd Juenger – hold a more skeptical opinion of the Stockholm-based brand’s podcast earning potential and long-term profitability. Goldman Sachs has set its SPOT target price at $280 per share, and RBC Capital Markets has adopted a similarly positive outlook with its $320 target price. Further valuation jumps (representing all-time-high price points) arrived with the announcement of podcasts from Kim Kardashian West and the DC Comics world, and Spotify’s market valuation cracked the $50 billion mark. Spotify’s stock began gaining in May, after it was revealed that the platform would become the exclusive home of The Joe Rogan Experience (JRE). MOSCOW: Spotify launched its service in 13 new markets across Europe including Russia, one of the world’s top 20 largest streaming markets. Though far from Spotify’s 52-week-high stock value of $285.40, the figure represents a sizable hike from the $246 that SPOT touched early this morning. On the day, Spotify’s stock (SPOT) saw its per-share price grow $1.61, and at the time of this writing, after-hours trading had delivered a slight gain of $.70 per share. Russian-language personalized playlists (such as Discover Weekly and Daily Mix) are also live in Russia. This site sheds light on the global streaming economy and royalty system. Plus, Spotify indicated in the release that it has established 200 new playlists, showcasing artists and popular music from the aforementioned countries, that are available to all users. Artists deserve clarity about the economics of music streaming.
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