Spotify (SPOT) Reports Q2 Loss of EUR2.20, Offers Outlook
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Spotify (SPOT) PT Raised to $200 at B.Riley/FBR
July 30, 2018 9:02 AM EDTB.Riley/FBR raised its price target on Spotify (NYSE: SPOT) to $200.00 (from $156.00) while maintaining a Neutral rating.
... MoreSpotify (SPOT) PT Raised to $225 at Morgan Stanley
July 27, 2018 8:00 AM EDTMorgan Stanley raised its price target on Spotify (NYSE: SPOT) to $225.00 (from $190.00) while maintaining a Overweight rating.
... MoreSpotify (SPOT) PT Raised to $215 at RBC Capital
July 26, 2018 3:31 PM EDTRBC Capital raised its price target on Spotify (NYSE: SPOT) to $215.00 (from $210.00) while maintaining an Outperform rating.
Analyst Mark Mahaney said while results were roughly in-line, the most important metrics - paid subs and gross margins - both outperformed.
... MoreStock market newbie Spotify hits targets, plays down challenges
July 26, 2018 7:25 AM EDTBy Eric Auchard
LONDON (Reuters) - Market leading music streamer Spotify added 10 percent more paid subscribers in the second quarter and said it was on track to meet its full-year targets as it downplayed reports it was losing ground to rival Apple Music in the United Sates.
Despite some mixed results in its report and financial outlook, its shares touched new highs early Thursday near $199 - up 20 percent from its first day of trading in April - before settling back to $191.10, up 1.6 percent, at 1436 GMT/1036 ET.
In the Swedish company's second financial report since... More
