Is Spotify Stock Going to $425? 1 Wall Street Analyst Thinks So.

The company continues to post growth rates well in the double digits. Spotify's (SPOT -1.12%) recent second-quarter earnings release was music to the ears of many investors. The streaming service convincingly beat the average bottom-line estimate while delivering robust growth where it counted. In the wake of that release, several analysts raised their price targets on the high-profile music streamer. One even went so far as to upgrade his recommendation on its stock. A recommendation change and big price t ...