Pivotal Research analyst Jeffrey Wlodarczak lowered the firm’s price target on Spotify to $140 from $145 and keeps a Hold rating on the shares. The firm views the Q2 report as “mixed” with materially higher than expected advertising-supported net new monthly active user growth offset by materially lower than forecast average revenue per user.
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- Spotify price target raised to $182 from $180 at Barclays
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