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Oppenheimer Lowers Its PT on Spotify Technology (SPOT) from $825 to $750, Reiterates ‘Outperform’ Rating
Yahoo Finance· 2026-01-18 11:16
Core Viewpoint - Spotify Technology S.A. (NYSE:SPOT) is viewed as a strong investment opportunity despite recent price target reductions by various analysts, who maintain a generally positive long-term outlook for the company [2][3][4]. Analyst Updates - Oppenheimer lowered its price target on Spotify from $825 to $750 while reiterating an 'Outperform' rating, citing a softer short-term outlook but confidence in long-term fundamentals [2]. - UBS reduced its price target from $850 to $800, maintaining a 'Buy' rating, following Guggenheim's cut from $800 to $750, both adjustments reflecting modestly lower revenue and EBITDA growth forecasts for 2026 [3]. - Cantor Fitzgerald decreased its price target from $675 to $615 while keeping a 'Neutral' rating, noting a broader positive outlook for Global Internet stocks but expressing caution specifically regarding Spotify [4]. Company Overview - Spotify operates a global digital audio platform offering music and podcasts through a subscription model, positioning itself within a competitive landscape that includes various AI stocks with potentially higher upside [5].