Form S-8 Spotify Technology S.A.

Go back to Form S-8 Spotify Technology S.A.

Spotify (SPOT) PT Lowered to $150 at Jefferies

April 28, 2022 8:30 AM EDT

Jefferies 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