Guggenheim upgrades Spotify, says investors should buy the dip

Daniel Ek, chief executive officer and co-founder of Spotify AB, stands for a photograph after a news conference in Tokyo, Japan, on Thursday, Sept. 29, 2016.
Akio Kon | Bloomberg | Getty Images

The struggles for Spotify have gone on long enough, and it's time to bet on a rebound, according to investment firm Guggenheim.

More In Street Calls

CNBC ProHere are Thursday's biggest analyst calls of the day: Apple, Boeing, Tesla, Ford, GM, Uber & more
CNBC ProBank of America downgrades retailer BJ's on supply chain worries
CNBC ProCredit Suisse names Coca-Cola its new top pick after earnings beat