July 9, 2026
Analyst Bio:
Rosenblatt lowered its price target on Spotify Technology SA (NYSE:SPOT) to $531 from $534 on Thursday while maintaining a Neutral rating on the shares. The stock currently trades at $485, below both the analyst’s target and InvestingPro’s Fair Value of $490.
The firm cited currency movements as the primary factor behind the $3 reduction in its price target. The analyst noted that foreign exchange fluctuations offset gains from social charges that slightly lifted EBITDA projections.
