tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Spotify price target lowered to $850 from $895 at UBS

UBS analyst Batya Levi lowered the firm’s price target on Spotify (SPOT) to $850 from $895 and keeps a Buy rating on the shares. Spotify had a “solid” subscriber performance, and the company should get back in rhythm with price increases and an advertising ramp, the analyst tells investors in a research note.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1