Bearish
Cantor Fitzgerald lowers Spotify's price target to $490 amid revenue growth concerns
Cantor Fitzgerald has reduced its price target for Spotify Technology (NYSE: SPOT) from $530 to $490, citing concerns over the company's revenue growth and margin pressures. This adjustment reflects a cautious outlook on Spotify's financial performance.
Key points
- Cantor Fitzgerald cuts Spotify's price target to $490, down from $530.
- Spotify's Q2 2026 revenue increased by 13.9% year-over-year to $5.45 billion.
- Spotify's stock was trading at €464.50 on October 15, 2026.
Sources
AI-generated from public news sources. Not financial advice.
