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Spotify price target lowered to $700 from $720 at Benchmark

Benchmark lowered the firm’s price target on Spotify (SPOT) to $700 from $720 and keeps a Buy rating on the shares. Spotify entered 2025 with “a bevy of potential topline catalysts” across subscription and ad-supported, setting up another year of “relative outperformance,” the analyst tells investors in a preview ahead of Q1 earnings due on April 29.

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