BUZZ-Spotify up after UBS raises PT

Shares of Swedish streaming giant Spotify SPOT.N rise 5.3% to $487.90

Brokerage UBS raises PT to $540 from $485

Expect 4Q results to reflect faster pace of margin expansion and healthy subscriber growth - UBS

For Q1, UBS expects SPOT's outlook to reflect continuation of solid top-line growth while margins fall due to seasonality and launch of its partner program

28 of 39 brokerages rate the stock "buy" or higher, 9 "hold" and 2 "sell"; median PT is $507.5 - LSEG data

SPOT had risen 138% in 2024

(Reporting by Juby Anna Babu in Mexico City)

((Juby.Babu@thomsonreuters.com))