Bearish
Spotify's stock price target lowered to $660 by KeyCorp amid market concerns
KeyCorp has reduced its price target for Spotify (SPOT) from $680 to $660, maintaining an "overweight" rating. This adjustment reflects concerns over the streaming market's dynamics and Spotify's recent financial performance.
Key points
- KeyCorp lowers Spotify's price target to $660, citing market concerns.
- Spotify's stock price remains at $478.84, reflecting investor caution.
- Analyst consensus remains a "Moderate Buy" with an average price target of $593.50.
Sources
AI-generated from public news sources. Not financial advice.
