Bearish
Spotify's stock price target lowered to $675 by UBS Group amid strategic shifts
UBS Group has reduced its price target for Spotify (SPOT) from $690 to $675, maintaining a 'buy' rating. This adjustment reflects concerns over valuation and execution risks, despite Spotify's ongoing expansion into audiobooks and other content areas.
Key points
- UBS Group lowers Spotify's price target to $675, citing valuation concerns.
- Spotify's stock price remains around $506.57, with trading volume significantly below average.
- Analyst sentiment remains broadly positive, with a consensus 'Moderate Buy' rating and an average price target of $590.24.
Sources
- Spotify Technology (NYSE:SPOT) Given New $675.00 Price Target at UBS GroupMarketBeat · October 5, 2026
- Spotify Technology (NYSE:SPOT) Shares Climb 3.8% - What's Next?MarketBeat · October 7, 2026
- Spotify Technology (NYSE:SPOT) Now Covered by Piper SandlerMarketBeat · October 8, 2026
- Spotify Technology (SPOT) Analyst Rating Update: Evercore ISI GrGuruFocus · February 11, 2026
AI-generated from public news sources. Not financial advice.
