Citi stays neutral on Spotify stock on Q2 mixed results

Citi stays neutral on Spotify stock on Q2 mixed results. On Tuesday, Citi reaffirmed its Neutral stance on Spotify Technology SA (NYSE: SPOT), maintaining a price target of $310.00 for the …

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Citi Stays Neutral On Spotify Stock On Q2 Mixed Results

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Citi stays neutral on Spotify stock on Q2 mixed results. On Tuesday, Citi reaffirmed its Neutral stance on Spotify Technology SA (NYSE: SPOT), maintaining a price target of $310.00 for the …

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Citi Increases Spotify Stock Target, Keeps Neutral Rating On ...

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2 days ago · On Tuesday, Citi analyst Jason Bazinet increased the stock price target for Spotify Technology S.A. (NYSE:SPOT), the popular audio streaming platform, to $500 from the …

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Spotify Price Target Raised To $500 From $370 At Citi

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2 days ago · Citi raised the firm’s price target on Spotify to $500 from $370 and keeps a Neutral rating on the shares.Along with updating estimates to reflect Q3 results and the latest outlook, …

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Spotify: Hold Rating With Target Price Adjustment Amid Mixed …

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May 7, 2024 · Analyst Jason Bazinet of Citi maintained a Hold rating on Spotify Technology SA (SPOT – Research Report), with a price target of $310.00.. Jason Bazinet has given his Hold …

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Citigroup Reports Q2 Earnings: Buy, Sell Or Hold? - Kiplinger

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Jul 12, 2024 · Citigroup (C) stock is down more than 2% in early trading Friday despite beating top- and bottom-line expectations for its second quarter. In the quarter ended June 30, …

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Citigroup's Stock Jumps After Q2 Profit, Revenue Beat Expectations

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Shares of Citigroup Inc. rallied in Friday's premarket, after the bank reported both second-quarter profit and revenue that rose above expectations. Net income rose to $3.2 billion, or $1.52 a ...

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2Q ROE CET1 2Q 6.3% Capital EPS Ratio $1.52 2Q RoTCE 7.2

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Citigroup Inc. (NYSE: C) July 12, 2024 SECOND QUARTER 2024 RESULTS AND KEY METRICS RETURNED ~$1.0 BILLION IN THE FORM OF COMMON DIVIDENDS PAYOUT …

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Spotify: Q2 Earnings Were Solid But Do Not Justify The Price

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Jul 27, 2024 · In Q2 2024, 88% of Spotify's total revenue came from premium users compared to 12% from the ad supported tier. I believe that this compares favorably to the industry …

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C Earnings: Citigroup Drops Despite Better-than-Expected Q2 …

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Jul 12, 2024 · Citigroup declined in trading even as the bank reported better-than-expected Q2 results. The bank reported earnings of $1.52 per diluted share, marking a 14.3% year-over …

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Citi Sees Spotify Breaking Through On Margin Growth Goals

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Jun 23, 2022 · Spotify stock 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 except for …

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Workday Stock Outlook Lifted By AI Expansion, But Citi Flags Near …

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1 day ago · On Wednesday, Citi updated its stance on Workday (NASDAQ:WDAY) stock, increasing the price target to $287 from $270, while maintaining a Neutral rating.The …

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FAQs about Citi stays neutral on Spotify stock on Q2 mixed results Coupon?

Is Spotify's Q2 guidance a good investment?

Spotify’s Q2 guidance appears quite promising, suggesting that its ongoing user and revenue growth momentum is set to be sustained. That said, I continue to find shares quite expensive, which explains my neutral stance on the stock. Specifically, management expects €3.8 billion in revenue in Q2, implying a 22% year-over-year increase. ...

How did Spotify perform in Q1 2024?

Therefore, Q1 2024 sustained the ongoing, strong sequential acceleration in the top-line growth. Shifting gears toward the bottom line, Spotify exhibited a strong margin expansion in the quarter. In fact, excluding a single quarter in its history, Q2-2021, its 27.6% gross profit margin in Q1-2024 was the highest in its history. ...

Should you buy Spotify (spot) stock?

At $349.26, the average Spotify stock price target suggests 11.4% upside potential. If you’re wondering which analyst you should follow if you want to buy and sell SPOT stock, the most accurate analyst covering the stock (on a one-year timeframe) is Mark Kelley from Stifel Nicolaus, with an average return of 53.9% per rating and a 67% success rate. ...

Is Spotify poised to quadruple its user base in 2023?

Assuming that the market tailwind of 11% CAGR is the floor of Spotify's likely MAU growth through 2023, and assuming that the record Q2 2023 expansion is the ceiling, the midpoint of 18% CAGR would suggest that Spotify is poised to quadruple its user base within the next 8 years. ...

Why did Spotify stock go down 5 weeks after earnings announcement?

Investors punished Spotify stock following the earnings announcement, with SPOT shares trading ~25% lower 5 weeks post. The negative reaction may likely be explained by SPOT investors' loss of patience in the streaming company's quest for gross profit expansion and EBIT breakeven. ...

Did Spotify beat Wall Street's guidance on premium subscription growth?

Zoom in: Spotify said it's started to invest more heavily in attracting users that are more likely to pay for a premium subscription. As such, the company came in slightly shy of its guidance to Wall Street for monthly active user (MAU) growth, but beat its guidance handily on premium subscriber growth. ...