Spotify (SPOT) Ends Q1 With 170MAUs
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May 3, 2018 8:52 AM EDT
RBC Capital lowered its price target on Spotify (NYSE: SPOT) to $210.00 (from $220.00) while maintaining an Outperform rating following results due to FX.
" All in, these should have been exactly as expected results," analyst Mark Mahaney commented.
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May 3, 2018 7:42 AM EDT
Stifel analyst John Egbert reiterated a Buy rating and $180 price target on Spotify (NYSE: SPOT) following results, saying the growth narrative is intact.
Egbert commented, "Spotify reported subscribers / revenue near the high-end of guidance and outperformed gross margin / operating loss expectations in 1Q.... More
May 3, 2018 6:57 AM EDT
Guggenheim reiterated a Buy rating and $175.00 price target on Spotify (NYSE: SPOT) following the company's 1Q earnings report. Spotify reported earnings in line with the company's guidance provided on 3/26. In addition, the company provided a 2Q18 outlook and left full-year guidance... More
