Spotify forecasts profit above estimates as founder Daniel Ek moves to new role

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Spotify (SPOT) PT Lowered to $650 at Jefferies

February 10, 2026 1:37 PM EST

Jefferies analyst James Heaney lowered the price target on Spotify (NYSE: SPOT) to $650.00 (from $750.00) while maintaining a Buy rating.

The analyst comments "Q4 results reinforce our positive view on the stock, as the Q1 GM guide of 32.8% (vs. cons 32.3%) suggests label... More