# Spotify Stock Surges to $666: Analysts Predict Further Growth Amid Audiobook Expansion
Discover why Spotify Technology (SPOT) shares have nearly tripled in value over five years, reaching $666 with a $132 billion market cap. In this episode, we analyze SPOT's impressive quarterly revenue of $5 billion that exceeded expectations and sparked a wave of analyst upgrades. Learn how Spotify's strategic expansion into audiobooks is creating new revenue streams and driving investor confidence. We break down recent analyst price targets—including Benchmark's $860, BNP Paribas Exane's $900 "strong buy" rating, and Wall Street's average $730 target suggesting potential 13-30% upside. Despite short-term volatility and a high P/E ratio above 60, find out why bullish sentiment prevails and what metrics investors should monitor as Spotify strengthens its position in the competitive digital media landscape.
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