Bearish
KeyBanc lowers Spotify's price target to $720 due to FX headwinds.
KeyBanc has reduced its price target for Spotify (SPOT) from $830 to $720, citing foreign exchange headwinds impacting the company's financial outlook. Despite this adjustment, KeyBanc maintains an Overweight rating, emphasizing Spotify's strong fundamentals and potential for growth.
Key points
- KeyBanc lowers Spotify's price target to $720 due to FX headwinds.
Sources
AI-generated from public news sources. Not financial advice.
