Spotify (SPOT) PT Raised to $220 at JPMorgan

Spotify (SPOT) Mentioned Positively at Evercore

December 4, 2023 12:58 PM EST

Evercore ISI analyst Mark Mahaney reiterated an Outperform rating and $200.00 price target on Spotify (NYSE: SPOT)

The analyst comments "Our View: In something of a surprise, Spotify announced this morning a 17% RIF (Reduction in Force), impacting approximately 1,500 of its employees. This is now the 3rd significant cost action Spotify has taken in the... More

Twilio slashes 5% of workforce

December 4, 2023 10:31 AM EST

Investing.com -- Twilio (NYSE: TWLO) has announced that it will slash a further 5% of its current workforce as part of a broader overhaul at the cloud service provider.

In a filing with the U.S. Securities and Exchange Commission, the group said the cuts will help to "streamline its operations"... More

Midday movers: Uber, Spotify and more

December 4, 2023 8:20 AM EST

(Updated - December 4, 2023 12:11 PM EST)

Investing.com -- Main U.S. indexes were lower on Monday, with Nasdaq leading the Dow and the S&P 500 amid broad weakness in megacap tech. Investors were cautious ahead of economic data later this week, including the November payroll report on Friday.

Here are some of the biggest U.S. stock movers today:

Alaska Air (NYSE: ALK) stock slumped 15% after the carrier agreed to acquire... More

Stocks expected to have increasing option volume: LULU SPOT SFIX GDX COIN SLG CVS

December 4, 2023 5:21 AM EST

Stocks expected to have increasing option volume: LULU SPOT SFIX GDX COIN SLG CVS

... More

Spotify (SPOT) PT Raised to $150 at DZ Bank

December 4, 2023 4:45 AM EST

DZ Bank analyst Markus Leistner raised the price target on Spotify (NYSE: SPOT) to $150.00 (from $130.00) while maintaining a Sell rating.... More

Spotify (SPOT) cuts Q4 forecast after major job cuts

December 4, 2023 4:31 AM EST

(Updated - December 4, 2023 6:41 AM EST)

Spotify (NYSE: SPOT) shares rose more than 1.5% in pre-market trade on Monday after the company announced it will cut approximately 17% of its total workforce.

In an update on the companys website, CEO Daniel Ek said the decision marks a significant step change for our... More

Spotify to cut 1,500 jobs in third layoff round this year, shares jump

December 4, 2023 2:27 AM EST

By Supantha Mukherjee

STOCKHOLM (Reuters) - Music streaming giant Spotify said on Monday that it will lay off around 1,500 employees, or 17% of its workforce, to bring down costs, after letting 600 of its staff go in January, and 200 more in June.

Its U.S.-listed shares soared about 11% to trade near their two-year high of $200.46 in early trading.

After a round of job cuts at the start of the year by tech companies, some have begun reducing their workforce again, with announcements coming from Amazon to Microsoft-owned LinkedIn.

In a letter to employees, Spotify CEO... More

Spotify (SPOT) risk/reward no longer compelling, Citi sees reasons to be 'a tad more cautious'

December 1, 2023 10:46 AM EST

Spotify (NYSE: SPOT) was downgraded to Neutral from buy at Citi in a note Friday, with analyst Jason Bazinet maintaining a $190 per share price target on the stock.

Bazinet told investors that while they like SPOT's strategy and execution, they no longer... More

Citi Downgrades Spotify (SPOT) to Neutral, 'we no longer believe the risk-reward is compelling'

November 30, 2023 8:11 PM EST

Citi analyst Jason Bazinet downgraded Spotify (NYSE: SPOT) from Buy to Neutral with a price target of $190.00.

The analyst comments "We are downgrading Spotify from Buy to Neutral. While we like Spotifys strategy and execution, we no longer believe the risk-reward... More