Spotify rises on higher-than-expected Q4 forecast
** Shares of Swedish audio streaming company Spotify SPOT.N up 6.3% at $446 premarket
** Spotify reported on Tuesday it expects Q4 operating income of 481 mln euros ($509.76 million) vs analysts' average estimate of 445.7 mln euros - data compiled by LSEG
** "We expect Spotify to continue delivering tighter spend and cost efficiencies in 2025 while balancing margin expansion with growth investments," J.P.Morgan says
** At least three brokerages raised their PTs after the results
** 27 of 37 brokerages rate SPOT stock "buy" or higher, 9 "hold" and 1 "sell" or lower; their median PT is $425 - LSEG data
** Up to last close, SPOT up 123% YTD
Reporting by Kanchana Chakravarty in Bengaluru
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