Spotify Introduces Marketing Tools For Audiobook Authors
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Spotify for Authors Launch: Spotify has introduced Spotify for Authors, a new toolset designed for authors and publishers to track analytics, manage catalogs, and promote their audiobooks on the platform.
Financial Performance: Despite a year-to-date stock surge of 155%, Spotify's third-quarter sales fell short of analyst expectations, reporting $3.99 billion in revenue and an EPS of $1.46, while also adding 14 million monthly active users.
Analyst Views on FPXI
Wall Street analysts forecast FPXI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FPXI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 64.270
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Current: 64.270
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
