Spotify has made significant investments in the podcasting industry. The Swedish streaming company will have 28.2 million monthly podcast listeners over Apple’s 28.0 million, a razor-thin lead that will widen in the years to come.” “Spotify will narrowly surpass Apple in that metric by the end of this year. As of right now, according to an eMarketer study, Spotify is on the verge of surpassing Apple Podcasts in terms of worldwide user base size. Since the Swedish streaming service launched its own podcast platform, it has outperformed Apple (NASDAQ: AAPL) Podcasts in several nations. Overall the analysts consider Spotify a “moderate-buy” with an average price target increase of 25.07% from its current price of $234.86. Based on the judgment of the last three months, nine TipRanks experts have recommended SPOT as a “Buy,” while four analysts have advocated to “Hold.” Interestingly two of the experts suggest “Sell.”
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