# Spotify Stock Soars: Analysts Project 16% Upside Potential in Next Quarter | Market Insights Podcast
Discover why Spotify's stock is trending upward this week, climbing from $703.85 to nearly $707, with trading volumes exceeding 2 million shares. In this episode, we analyze BNP Paribas' recent "strong buy" upgrade and examine multiple analyst price targets ranging from $750 to $850. Learn about Spotify's impressive Q2 2024 performance with revenue reaching $4.94 billion (10.1% YoY growth) and why its market cap now exceeds $144 billion. We break down the technical indicators suggesting continued momentum and explore forecasts projecting potential gains of up to 16% in the coming months. Perfect for investors tracking growth stocks in the streaming sector and those interested in Spotify's expanding global footprint and margin improvements.
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