"Spotify's EPS of $3.45 topped the $2.95 consensus, and revenue grew 8% year over year (YoY) to $4.53 billion, indicating strong performance despite market reactions."
"Barclays cut its SPOT stock price target to $500 from $600 while keeping an Overweight rating, warning that the company's increasing focus on incrementalism is likely to make it tough to push back against the emerging AI disruption narrative."
"Rosenblatt upgraded Spotify stock to Buy from Neutral at a price target of $500, arguing that the post-earnings selloff created value despite a slight miss on Premium subscribers and soft Q2 operating income guidance."
Spotify reported Q1 2026 earnings with an EPS of $3.45 and revenue of $4.53 billion, surpassing expectations. Despite this, four firms cut price targets due to softer Q2 guidance and AI disruption concerns. Barclays reduced its target to $500, while KeyBanc and Canaccord also lowered their targets. Rosenblatt upgraded Spotify to Buy, citing value in the post-earnings selloff. The company ended Q1 with 761 million MAUs and 293 million Premium subscribers, with Premium revenue rising 10% YoY.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]