Spotify (SPOT) PT Lowered to $200 at RBC Capital
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Price: $459.34 --0%
Rating Summary:
45 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 10 | New: 13
Rating Summary:
45 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 10 | New: 13
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RBC Capital analyst Mark Mahaney lowered the price target on Spotify (NYSE: SPOT) to $200.00 (from $215.00) while maintaining an Outperform rating following in-line Q3 results but slightly lowered its Q4 Premium Subs and Gross Margin guidance.
Keys for the quarter, according to Mahaney:
1. Neutral MAU Trends
2. Consistent Premium Sub Growth
3. Premium ARPU Below Expectations
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