Bearish
Spotify's stock price target lowered to $650 by Benchmark due to margin concerns.
Benchmark has reduced its price target for Spotify (SPOT) to $650 from $695, citing concerns over the company's profit margins. The firm maintains a 'Buy' rating but anticipates that Spotify's operating expenses may remain elevated in the near term. Analysts are closely monitoring the company's ability to manage costs and achieve sustainable growth.
Key points
- Benchmark cuts Spotify's price target to $650, citing margin concerns.
- Benchmark maintains a 'Buy' rating on Spotify.
- Analysts are monitoring Spotify's cost management and growth strategies.
Sources
AI-generated from public news sources. Not financial advice.
