Spotify (SPOT) PT Lowered to $135 at Deutsche Bank
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Price: $533.13 -0.04%
Rating Summary:
45 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
45 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Deutsche Bank analyst Lloyd Walmsley lowered the price target on Spotify (NYSE: SPOT) to $135.00 (from $152.00) while maintaining a Hold rating.
Walmsley said "... while 61% of streaming market dollar growth over the past five years came from markets where Spotify had leading market share, we estimate that 38% of growth over the next five years will come from Asian markets where Spotify either has limited presence or has struggled."
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