Is Spotify Stock Going to $375? 1 Wall Street Analyst Thinks So.

At the right price, I'd buy Spotify stock.Spotify Technology (SPOT 0.20%) reported terrific earnings, growing its revenue 20% year over year, posting its third straight quarter of positive operating profits, and returning to net profitability as well. The company also added 3 million paying subscribers during the quarter, or roughly 1 million per month.Responding to the news, Benchmark analyst Matthew Harrigan on Wednesday added $50 to his price target, valuing the stock at $375 a share -- and Spotify's gro ...