Spotify (SPOT) Gets Two Upgrades as Yesterday's Selloff Yielded Attractive Opportunity

Spotify (SPOT) PT Reduced to $358 at Jefferies on Light MAUs

July 29, 2021 8:23 AM EDT

Jefferies analyst Andy Uerkwitz lowered the price target on Spotify (NYSE: SPOT) to $358.00 (from $360.00) after MAUs came in light of expectations despite reporting others positives. Gross margin was above range; paid subscribers were inline; ad revenue was up more than 2x; podcast revenues were up... More

UBS Upgrades Spotify (SPOT) to Neutral

July 29, 2021 8:00 AM EDT

UBS analyst Eric Sheridan upgraded Spotify (NYSE: SPOT) from Sell to Neutral with a price target of $240.00 (from $235.00).

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 $223.32 yesterday.

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UPDATE: Guggenheim Upgrades Spotify (SPOT) to Buy

July 29, 2021 6:46 AM EDT

(Updated - July 29, 2021 8:57 AM EDT)

Guggenheim analyst Michael Morris upgraded Spotify (NYSE: SPOT) from Neutral to Buy with a price target of $265 (from $245).

The analyst commented, "We maintain our view that Spotify has established a sustainable position as the global audio... More

Spotify (SPOT) PT Lowered to $250 at Wolfe Research

July 29, 2021 6:03 AM EDT

Wolfe Research analyst Deepak Mathivanan lowered the price target on Spotify (NYSE: SPOT) to $250.00 (from $270.00) while maintaining a Peerperform rating.... More

Spotify (SPOT) PT Lowered to $270 at Credit Suisse

July 29, 2021 6:00 AM EDT

Credit Suisse analyst Brian Russo lowered the price target on Spotify (NYSE: SPOT) to $270.00 (from $315.00) while maintaining a Neutral rating.... More

Spotify (SPOT) PT Lowered to $325 at Morgan Stanley

July 29, 2021 2:10 AM EDT

Morgan Stanley analyst Benjamin Swinburne lowered the price target on Spotify (NYSE: SPOT) to $325.00 (from $350.00) while maintaining a Overweight rating.... More

Pre-Open Stock Movers 07/28: (INFI) (BTBT) (LKFN) Higher; (TDOC) (CSGP) (SPOT) Lower (more...)

July 28, 2021 9:26 AM EDT

Pre-Open Stock Movers:

Infinity Pharmaceutical (NASDAQ: INFI) 44% HIGHER; Wells Fargo analyst Nick Abbott upgraded from Equal Weight to Overweight with a price target of $14.00.

Bit Digital (NASDAQ:... More

Spotify (SPOT) Reports Q2 Loss of EUR0.19/sh

July 28, 2021 6:13 AM EDT

Spotify (NYSE: SPOT) reported Q2 EPS of (EUR0.19), versus (EUR1.91) reported last year. Revenue for the quarter came in at EUR2.33 billion, versus EUR1.89 billion reported last year.

Q3 2021... More

Spotify quarterly revenue beats on paid users, ad rebound

July 28, 2021 6:03 AM EDT

By Supantha Mukherjee

STOCKHOLM (Reuters) -Spotify Technology SA beat Wall Street estimates for second-quarter revenue on Wednesday, as the music streaming company reported a 20% jump in paid subscribers for its premium service driven by demand in Europe and North America.

While Europe and North America accounted for more than half of its monthly active users (MAUs), the pandemic raging across several countries in Asia, including India and Indonesia, took a toll.

Quarterly MAUs of 365 million missed the company's own... More