Spotify (SPOT) cuts Q4 forecast after major job cuts
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/22/2026
- Wall St indexes advance with boost from chips, Iran optimism
- Intel soars after Trump says Apple agreed to work with chipmaker on US production
- Apple CEO warns price hikes 'unavoidable' as chip costs bite - WSJ
- Wall Street scrambles to lift Micron price targets ahead of earnings
- SanDisk and Micron surge as Apple confirms memory price pass-through
- Zelenskiy: best guarantee of Europe's future is fast-track EU membership for Ukraine
- Needham Starts NeoVolta (NEOV) at Buy
- CoreWeave trains DeepSeek-V3 in two minutes in MLPerf benchmark
- Companies to add 40 million barrels of oil to US SPR after Iran war ends, energy secretary says
- China makes small dent in deflation battle as supply-demand imbalance persists
Spotify (SPOT) PT Raised to $220 at JPMorgan
December 4, 2023 3:12 PM ESTJPMorgan analyst Doug Anmuth raised the price target on Spotify (NYSE: SPOT) to $220.00 (from $205.00) while maintaining a Overweight rating.
The analyst comments "Spotify announced today that it is reducing headcount by 17% (~1,550 employees), the third wave of reductions this year (~600 employees in January & ~200 in June). We believe the reductions are broad-based across the company, including areas such as engineering, business units, and G&A roles. To account for related severance and additional real estate... More
Spotify (SPOT) Mentioned Positively at Evercore
December 4, 2023 12:58 PM ESTEvercore ISI analyst Mark Mahaney reiterated an Outperform rating and $200.00 price target on Spotify (NYSE: SPOT)
The analyst comments "Our View: In something of a surprise, Spotify announced this morning a 17% RIF (Reduction in Force), impacting approximately 1,500 of its employees. This is now the 3rd significant cost action Spotify has taken in the... More
Spotify (SPOT) PT Raised to $150 at DZ Bank
December 4, 2023 4:45 AM ESTDZ Bank analyst Markus Leistner raised the price target on Spotify (NYSE: SPOT) to $150.00 (from $130.00) while maintaining a Sell rating.... More
Spotify (SPOT) risk/reward no longer compelling, Citi sees reasons to be 'a tad more cautious'
December 1, 2023 10:46 AM ESTSpotify (NYSE: SPOT) was downgraded to Neutral from buy at Citi in a note Friday, with analyst Jason Bazinet maintaining a $190 per share price target on the stock.
Bazinet told investors that while they like SPOT's strategy and execution, they no longer... More
