Spotify (SPOT) Q4 Revenues Rise 30% to EUR1.495 Billion; Offers Q1 & FY19 Revenue Guidance
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Spotify (SPOT) PT Lowered to $136 at Deutsche Bank; 'Podcasts not Netflix 2.0'
February 7, 2019 7:55 AM ESTDeutsche Bank analyst Lloyd Walmsley lowered the price target on Spotify (NYSE: SPOT) to $136.00 (from $138.00) while maintaining a Hold rating following results and two potcast acqusitions.
"We think podcasting makes sense to bring more unique content to the platform and drive engagement / lower... More
Spotify (SPOT) PT Lowered to $182 at Raymond James; Bear Case Weakened
February 6, 2019 3:31 PM ESTRaymond James analyst Justin Patterson lowered the price target on Spotify (NYSE: SPOT) to $182.00 (from $195.00) while maintaining a Strong Buy rating.
Patterson said the results and outlook "generally weaken the Bear case", citing: label negotiations appear to be fine, there is ample... More
Spotify (SPOT) PT Lowered to $170 at Macquarie
February 6, 2019 2:03 PM ESTMacquarie 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... MoreSpotify (SPOT) PT Lowered to $190 at RBC Capital
February 6, 2019 1:35 PM ESTRBC Capital analyst Mark Mahaney lowered the price target on Spotify (NYSE: SPOT) to $190.00 (from $200.00) while maintaining a Outperform rating.
The analyst notes the company posted Q4 results in-line to modestly above the Street, but provided Q1 & FY19 guidance missing the Street... More
Spotify (SPOT) Reports Acquisition of Gimlet Media Inc.
February 6, 2019 6:19 AM ESTSpotify Technology S.A. (NYSE: SPOT) today announced that it has entered into definitive agreements to acquire Gimlet Media Inc. (Gimlet), the renowned independent producer of podcast content, and Anchor (Anchor), the company leading the market for podcast creation, publishing, and monetization services. Terms of the transactions were not disclosed.
With these acquisitions, Spotify is positioned to become both the premier producer of podcasts and the leading platform for podcast creators. Gimlet will bring to Spotify its best-in-class podcast studio with... More
