Spotify (SPOT) PT Lowered to $200 at RBC Capital

Spotify (SPOT) PT Lowered to $190 at Nomura/Instinet

November 2, 2018 8:52 AM EDT

Nomura/Instinet analyst Mark Kelley lowered the price target on Spotify (NYSE: SPOT) to $190.00 (from $210.00) while maintaining a Buy rating.

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Evercore ISI Downgrades Spotify (SPOT) to In Line

November 1, 2018 1:21 PM EDT

Evercore ISI analyst Anthony DiClemente downgraded Spotify (NYSE: SPOT) from Outperform to In Line.

For an analyst ratings summary and ratings history on Spotify click here. For more ratings news on Spotify click here.

Shares of Spotify closed at $149.69 yesterday.

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Spotify (SPOT) PT Lowered to $200 at Monness, Crespi, Hardt

November 1, 2018 11:54 AM EDT

Monness, Crespi, Hardt analyst Brian J. White lowered the price target on Spotify (NYSE: SPOT) to $200.00 (from $265.00) while maintaining a Buy rating.

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Pre-Open Movers 11/01: (NFX) (HK) (NYT) Higher; (VECO) (W) (SPOT) Lower (more...)

November 1, 2018 9:24 AM EDT

Today's Pre-Open Movers

Veeco Instruments (NASDAQ: VECO) 31.7% LOWER; reported Q3 EPS of $0.11, $0.03 better than the analyst estimate of $0.08. Revenue for the quarter came in at $126.8 million versus the consensus estimate of $135.5 million. Veeco Instruments sees Q4 2018 EPS of ($0.25)-($0.09), versus the consensus of $0.14. Veeco Instruments sees Q4 2018 revenue of $85-105 million, versus the... More

Spotify faults itself for margin gains; stock hits new lows

November 1, 2018 6:36 AM EDT

By Eric Auchard and Olof Swahnberg

LONDON/STOCKHOLM (Reuters) - Spotify (NYSE: SPOT) sent its shares tumbling as much as 10 percent on Thursday after the world's most popular paid music streaming service said it would continue to sacrifice profit margins to generate future growth.

The Swedish company came close to making its first-ever operating profit in the third quarter, years ahead of schedule, which the company said was because it had not been spending heavily enough to hire more engineers.

"Operating margin improvement in Q3 was largely due to... More

Spotify (SPOT) Reports Q3 EPS of EUR0.23

November 1, 2018 6:33 AM EDT

(Updated - November 1, 2018 8:19 AM EDT)

(Corrects to show amounts in euro)

Spotify (NYSE: SPOT) reported Q3 EPS of EUR0.23, versus (EUR1.84) reported last year. Revenue for the quarter came in at EUR1.35 billion versus the consensus estimate of EUR1.33 billion.

MAUs grew 28% Y/Y to 191 million at the end of Q3. Growth in our emerging regions of Latin America and Rest of World continues to outpace growth in our more... More