Redburn Atlantic Downgrades Spotify Technology to Neutral, Lowers Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
Redburn Atlantic analyst Agnieszka Pustula has downgraded Spotify Technology (NYSE:SPOT) from Buy to Neutral and lowered the price target from $170 to $160.
October 09, 2023 | 9:26 am
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Spotify Technology has been downgraded from Buy to Neutral by Redburn Atlantic, with a lowered price target from $170 to $160.
The downgrade from Buy to Neutral indicates a less optimistic outlook for Spotify Technology by Redburn Atlantic. The lowering of the price target from $170 to $160 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100