Bearish
UBS lowers Spotify's price target to $675, citing cost pressures.
UBS Group has reduced its price target for Spotify Technology (SPOT) from $690 to $675, maintaining a "buy" rating. This adjustment reflects concerns over cost pressures impacting the company's financial outlook. Despite this, the broader analyst sentiment remains positive, with expectations of continued growth in Spotify's diversified product offerings.
Key points
- UBS lowers Spotify's price target to $675, citing cost pressures.
- Analyst sentiment remains broadly positive, with a consensus "Moderate Buy" rating and an average price target of $592.75.
- Spotify's Q2 2026 revenue rose 14% year-over-year, with operating income climbing 61% to €655 million.
- Spotify's next earnings report is scheduled for October 22, 2026.
Sources
- Spotify Technology (NYSE:SPOT) Given New $675.00 Price Target at UBS GroupMarketBeat · October 5, 2026
- UBS Drops Its Spotify Price Target Citing Cost Pressures, But the General Mood Among Analysts Remains BullishDigital Music News · October 5, 2026
- Spotify stock enters a Q3 test after 14 percent Q2 growthAd-Hoc News · October 5, 2026
- Spotify's Differentiated Products Support Additional Monetization Opportunities, UBS SaysYahoo Finance · October 5, 2026
AI-generated from public news sources. Not financial advice.
