Spotify Skyrockets on Goldman Bullishness

Spotify (NYSE: SPOT) has been on a tear in recent months, with shares more than doubling since March lows in part due to investor optimism around podcasting and the related implications on the company's cost structure. The paid music-streaming leader is launching a slate of new series based on DC superheroes and reportedly finalizing a deal with Kim Kardashian West for a true crime podcast series.

Goldman Sachs further fueled that momentum with a bullish research note on the Swedish company.

Image source: Spotify.

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Source Fool.com