Spotify (SPOT) Stock Plunges 11% as Results Show Margins are Shrinking, Analyst Reaction Mixed
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Spotify (SPOT) PT Lowered to $150 at Jefferies
April 28, 2022 8:30 AM EDTJefferies analyst Andy Uerkwitz lowered the price target on Spotify (NYSE: SPOT) to $150.00 (from $275.00) while maintaining a Buy rating.
The analyst commented, "SPOT reported 422MM MAUs (419MM ex-duplicate accounts) & 182MM subs. Total revenue came in at ~2.66B, below our JEFe, but slightly above... More
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
