Spotifty (spot) And The Interesting Float Option

This is another tech company which is flying just now. Is the business model not a little shaky or as the company gets stronger does this attract more and more partners?

 

Current brokers forecasts:-

Oct-02-19 Upgrade Credit Suisse Underperform → Neutral
Oct-01-19 Upgrade Evercore ISI Underperform → In-line
Sep-24-19 Initiated Wells Fargo Underperform $115
Aug-20-19 Initiated Consumer Edge Research Equal Weight
Aug-01-19 Upgrade Loop Capital Sell → Hold
Jul-31-19 Downgrade Pivotal Research Group Buy → Hold $155 → $150
Jun-24-19 Downgrade Evercore ISI In-line → Underperform
Apr-29-19 Reiterated Pivotal Research Group Buy $165 → $155
Mar-29-19 Initiated Credit Suisse Underperform $120
Feb-11-19 Reiterated Rosenblatt Buy $171 → $169
Jan-11-19 Reiterated Morgan Stanley Overweight $200 → $170
Jan-07-19 Downgrade Guggenheim Buy → Neutral
Dec-21-18 Reiterated B. Riley FBR Neutral $200 → $132
Oct-30-18 Initiated Rosenblatt Buy $181
Oct-12-18 Upgrade Pivotal Research Group Hold → Buy $200 → $190
Sep-26-18 Reiterated Guggenheim Buy $175 → $210
Aug-27-18 Initiated Monness Crespi & Hardt Buy $265
Aug-22-18 Reiterated MKM Partners Buy $200 → $245
Jul-27-18 Reiterated Canaccord Genuity Buy $200 → $220
Jul-25-18 Downgrade Pivotal Research Group Buy → Hold $200

Nobody has really gone "farrrrr out" on their share price target.