# Morgan Stanley Keeps Spotify Rating and $640 Target Ahead of Earnings

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/36130
Published: 2026-10-20T23:59:45.000Z
Updated: 2026-10-20T23:59:45.000Z
Section: Business

> The firm pointed to subscriber growth and potential margin gains tied to audiobooks and video podcast monetization.

Morgan Stanley kept its Overweight rating on Spotify and retained its $640 price target ahead of the streaming company’s earnings.

The firm pointed to subscriber growth and potential margin expansion tied to Spotify’s expanding audiobooks business and video podcast monetization.