Spotify price target lowered to $531 from $534 at Rosenblatt
Rosenblatt analyst Barton Crockett lowered the firm's price target on Spotify to $531 from $534 and keeps a Neutral rating on the shares. Spotify's Q2 earnings report due pre-open on August 4 "should be fine relative to guidance and expectations," but the question is whether new features and planned offers in the coming months can inflect adoption and ARPU more positive than they already are, the analyst tells investors in a preview.
Rosenblatt analyst Barton Crockett lowered the firm's price target on Spotify to $531 from $534 and keeps a Neutral rating on the shares.
Spotify's Q2 earnings report due pre-open on August 4 "should be fine relative to guidance and expectations," but the question is whether new features and planned offers in the coming months can inflect adoption and ARPU more positive than they already are, the analyst tells investors in a preview.