Pivotal Research lowered the firm’s price target on Spotify (SPOT) to $400 from $420 and keeps a Hold rating on the shares. The firm views the company’s Q1 report as solid but says its outlook is mixed.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPOT:
- Spotify Earnings Call: AI Bets, Margins, And Growth
- Analyst Maintains Hold on Spotify as AI-Linked Costs Rise and Strategic Risks Prompt Price Target Cut to $400
- Spotify Posts Sharp Profit Increase on Higher Q1 2026 Revenue
- Spotify price target lowered to $600 from $800 at Citizens
- Spotify price target lowered to $720 from $750 at Canaccord