Spending drive knocks Spotify shares after Q1 beat
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Spotify (SPOT) PT Lowered to $150 at Monness, Crespi, Hardt
April 27, 2022 1:35 PM EDTMonness, Crespi, Hardt analyst Brian White lowered the price target on Spotify (NYSE: SPOT) to $150.00 (from $240.00) while maintaining a Buy rating.
The analyst commented, "Spotify reported solid 1Q:22 results and issued a healthy 2Q:22 revenue outlook; however, increased investment plans dampened... More
