Category: Spotify
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Former Tesco chief invests in ‘spotify for textbooks’ platform perlego with $20m funding round
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Perlego, an education technology platform known as the ‘Spotify of textbooks’, has secured a $20 million fundraising round led by former Tesco CEO Sir Terry Leahy. The digital library service, which provides unlimited access to academic titles via subscription, is expected to announce a capital injection this week. The new…
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Deutsche Bank upbeat on Spotify and Warner Music prospects By Investing.com
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Deutsche Bank on Wednesday expressed a positive outlook on market sentiment for Spotify (NYSE:SPOT) and Warner Music Group Corp. (NASDAQ:WMG) ahead of their upcoming earnings reports. The company highlighted continued strength in streaming and download numbers as the third quarter began, indicating strong demand across the industry. The bank noted…
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Spotify has upside to consensus due to higher margin verticals
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Wolfe Research initiated coverage of Spotify (NYSE:) with an Outperform rating and a $390 price target in a note on Friday, with the new target representing a potential upside of 28%. Analysts at Wolfe Research believe Spotify is undervalued, trading at 26x CY25E P/FCF, despite its greater exposure to the…