Spotify Announces Strategic Acquisitions to Accelerate Growth in Podcasting

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Spotify (SPOT) PT Lowered to $170 at Macquarie

February 6, 2019 2:03 PM EST

Macquarie analyst Amy Yong lowered the price target on Spotify (NYSE: SPOT) to $170.00 (from $175.00) while maintaining a Outperform rating.

Yong highlighted:

This question likely weighed on everyones mind this morning. The reaction reflected concerns around its ability to monetize... More