Spotify's shares have dropped over 20% this year despite record free cash flow and consistent earnings beats. The main issue is weak forward guidance, especially in subscriber and ad revenue growth, causing investor caution. Wall Street remains bullish with an average price target of $599, while a $900 target by 2028 would require nearly doubling the stock price and significant multiple expansion driven by AI features and ad revenue growth. Risks include further guidance misses and a costly ongoing lawsuit. Spotify's strong earnings growth and AI integration offer potential, but execution is key to reaching the ambitious price target.
Spotify Technology SA is forecasted to deliver steady second-quarter results, with Jefferies maintaining a positive long-term outlook and a $600 price target. The investment bank expects gross margins around 33.1%, revenue growth of 15% year-over-yea...
Spotify has extended its "Managed Accounts" feature, allowing parents to control their children's music listening, to its free tier in the U.S., U.K., Australia, France, Germany, and the Netherlands. Previously available only to paid subscribers, thi...
Spotify has introduced a new AI-powered chat feature for Premium users in the U.S., Ireland, and Sweden, allowing interactive conversations to select music, podcasts, or audiobooks. Available on iOS and Android for users 18+, the beta release lets us...
