Is Spotify Stock Going to $400? 1 Wall Street Analyst Thinks So.

No analyst on Wall Street loves Spotify stock more than Deutsche Bank. But is the banker right to call Spotify a buy?Spotify Technology (SPOT 0.20%) reported terrific earnings last week, growing paying subscribers 14%, monthly active users 19%, and revenue 20% year over year. Spotify even flipped from a year-ago loss to a $1.05-per-share profit in the first quarter of 2024.On Wednesday, Deutsche Bank urged investors to buy Spotify stock, and gave Spotify the highest price target of any analyst on Wall Stree ...