Oppenheimer Slashes Spotify Price Target to $750, Keeps Outperform Rating Amid Near-Term Challenges
“Oppenheimer has reduced its price target for Spotify Technology (SPOT) from $825 to $750 while maintaining an ‘Outperform’ rating, citing a softer short-term outlook; the move aligns with broader analyst adjustments as the stock trades around $504, reflecting market pressures but underscoring long-term growth potential in streaming and monetization.” Analyst Adjustment and Rationale Oppenheimer’s decision … Read more