Spotify predicts strong quarter after cost cuts power first annual profit

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Rosenblatt Downgrades Spotify (SPOT) to Neutral

February 5, 2025 7:02 AM EST

Rosenblatt analyst Barton Crockett downgraded Spotify (NYSE: SPOT) from Buy to Neutral with a price target of $658.00 (from $473.00).

The analyst comments "Spotify has been one of our best stock calls. We upgraded to BUY from NEUTRAL on Dec. 10, 2023, when the shares were $198.05 (versus $132 at the... More