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Spotify's stock drops 6% amid technical glitch and analyst downgrade
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In the past 24 hours, Spotify's stock declined by 6% following a technical issue that exposed Premium subscribers to ads and downgraded their accounts to the free tier. Additionally, Evercore ISI reduced its price target for Spotify from $700 to $650, maintaining an Outperform rating. These developments have raised concerns about user experience and investor sentiment.
Points clés
- Technical glitch affects Premium subscribers, leading to a 6% stock decline.
- Evercore ISI lowers Spotify's price target to $650, citing currency fluctuations.
Sources
Généré par IA à partir de sources d'actualités publiques. Ceci n'est pas un conseil financier.
