Guggenheim lowered the firm’s price target on Spotify (SPOT) to $750 from $800 and keeps a Buy rating on the shares, citing “modestly lower” estimates for the firm’s lowered target. While the firm remains bullish on Spotify, it trimmed its 2026 revenue and EBITDA growth estimates by 1% and 2%, respectively, reflecting later than previously forecasted timing of a U.S. price increase.
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