Spotify (SPOT) Misses Q2 EPS by 90c, beats on monthly active users

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Go back to Spotify (SPOT) Misses Q2 EPS by 90c, beats on monthly active users

Deutsche Bank Upgrades Spotify (SPOT) to Buy, 'Selloff Overdone'

July 26, 2023 6:12 AM EDT

Deutsche Bank analyst Benjamin Black upgraded Spotify (NYSE: SPOT) from Hold to Buy with a price target of $180.00.

The analyst comments "After the YTD rally, very crowded long positioning, and with the pricing catalyst now in the rearview mirror, we think investors are taking a "shoot first, ask questions later" approach. However, we came away from the print modestly more constructive, as top-of-funnel metrics... More