Citi reacts to Spotify's strategic shift with significant $55 stock PT ...

May 7, 2024 · Additionally, the company's stock has experienced a significant 6-month price total return of 80.95%, reflecting investor confidence in Spotify's strategic initiatives and expansion …

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Citi Reacts To Spotify's Strategic Shift With Significant $55 Stock PT ...

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Citi Reacts To Spotify's Strategic Shift With Significant $55 Stock PT ...

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On Tuesday, Citi updated its assessment of Spotify (NYSE: SPOT) Technology S.A. (NYSE:SPOT), raising the music streaming company's price target to $310 from the previous …

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Spotify Stock Is Up 55% This Year, Can The Rally Keep Going?

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May 8, 2024 · Last December, Spotify announced a major headcount reduction, laying off nearly 17% of its workforce while moderating its marketing spend. Those steps are contributing to the …

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Spotify Stock Has Had A Huge Run. Why An Analyst Says Take …

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Citi analyst Jason Bazinet cut his rating on the streaming audio company’s shares to Neutral from Buy, while keeping his target price at $190. The stock on Friday is off 2.2%, to $181.13.

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Citi Stays Neutral On Spotify Stock On Q2 Mixed Results

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On Tuesday, Citi reaffirmed its Neutral stance on Spotify Technology SA (NYSE: SPOT), maintaining a price target of $310.00 for the company's shares.The decision follows Spotify's …

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Citi Sees Spotify Breaking Through On Margin Growth Goals

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Jun 23, 2022 · Spotify stock (SPOT) is up 1.7% Thursday. Spotify (SPOT) CEO Daniel Ek focused on margins at the company's recent Investor Day, saying the business has been great …

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Spotify Stock Is Up 55% This Year, Can The Rally Keep Going?

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May 8, 2024 · Spotify stock might just be on a path to profitable growth for investors. Spotify Technology (SPOT -0.02%) has been delivering music to investors' ears with shares returning …

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Citi Reacts To Spotify's Strategic Shift With Significant $55 Stock PT ...

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May 7, 2024 · Citi reacts to Spotify's strategic shift with significant $55 stock PT boost

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Pivotal Reiterates 'buy' On Spotify But Hikes PT By $50; Shares Rise

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Sep 19, 2024 · Pivotal raised SPOT's PT to $510 from $460 and reiterated "buy" rating, implying an upside of 19%. Shares are up 5.5% by midday on Thursday. Stock has nearly doubled in …

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Spotify’s Growth And Margin Expansion Prompt Buy Rating And …

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Apr 8, 2024 · J.P. Morgan analyst Doug Anmuth maintained a Buy rating on Spotify Technology SA (SPOT – Research Report) today and set a price target of $320.00.. Doug Anmuth has …

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FAQs about Citi reacts to Spotify's strategic shift with significant $55 stock PT ... Coupon?

Why was Spotify downgraded at Citi?

Sign up for more juicy reads. Spotify Technology (NYSE:SPOT) was downgraded at Citi to Neutral from Buy for several reasons on Friday, including the shift to developing markets. The bank is a fan of the streaming company's strategy and execution but it no longer believes the risk-reward is "compelling." ...

Should you buy Spotify Technology SA?

Tim Nollen has given his Buy rating based on a combination of Spotify Technology SA’s strong performance and strategic shifts toward profitability. The company’s notable revenue growth in the fourth quarter, driven by substantial increases in both premium subscribers and monthly active users, is a primary factor. ...

Should you buy Spotify Technology stock after a big run?

Why an Analyst Says Take Profits. © Provided by Barron's Spotify Technology stock has skyrocketed 128% this year, as the company has shown strong growth and improving profitability, while adding new features like audiobooks. But after the big run, at least one analyst suggests stepping away and taking profits on the stock. ...

Who is Spotify Technology SA?

Spotify Technology SA (SPOT) Company Description: Founded in 2006, Luxembourg-based Spotify Technology SA is the world’s most popular audio streaming subscription service. It serves a community of over 320 million users across 92 markets. The company generates revenue from Premium and Ad-Supported segments. ...

Is Spotify entering a new phase?

Spotify recently reported record earnings, partly due to cost-controls measures implemented under CEO Ek’s conclusion that the company is entering a “New Phase”. This shift in strategy is further emphasized by the appointment of a new CFO with more extensive corporate experience, though not directly in the music streaming industry. ...

Is Spotify finally prioritizing profitability?

Spotify seems to finally be prioritizing profitability. Streamlining the workforce and hiring a new CFO with financial discipline focus indicates a strategic shift towards achieving positive net income for the first time. This combined with their existing strong financial position, could significantly lower risk premium for investors. ...