Spotify (SPOT) PT Lowered to $125 at KeyBanc
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Go back to Spotify (SPOT) PT Lowered to $125 at KeyBanc
October 26, 2022 12:32 PM EDT
Citi analyst Jason Bazinet lowered the price target on Spotify (NYSE: SPOT) to $140.00 (from $145.00) while maintaining a Buy rating.
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October 26, 2022 8:36 AM EDT
Shares of Spotify (NYSE: SPOT) are down over 5% after the audio streaming company reported mixed Q3 results and guidance.
Spotify reported a loss per share of 0.99 on revenue of 3.04 billion, which compares to the average analyst estimate of a loss per share of 0.88 on revenue of 3.02 billion.
Spotify reported its million monthly active users (MAUs) grew 20% to 456 million, beating the Bloomberg consensus of 450.7 million. The company had 195... More
October 26, 2022 7:55 AM EDT
Jefferies analyst Andy Uerkwitz lowered the price target on Spotify (NYSE: SPOT) to $115.00 (from $140.00) while maintaining a Buy rating.
The analyst commented, "We continue to see positive developments: subs beat, users beat, 2-way marketplace is working, and advertiser growth on podcasts is up.... More
