Is Spotify Stock's More Than 40% Decline a Buying Opportunity? Or Is the Stock Still Overvalued? [Globe and Mail, The (Toronto, Canada)]
Spotify Technology S.A. Ordinary Shares (SPOT)
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am
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Source: Globe and Mail, The
Management's Q2 operating income guidance came in well below Wall Street's expectations. Shares of Spotify (NYSE: SPOT) had a rough day on Tuesday, falling about 14% after the audio streaming company reported its first-quarter results. Despite a quarter that exceeded the company's own guidance on most key metrics, investors zeroed in on a softer-than-expected operating income forecast for the second quarter. The latest sell-off extends an already painful stretch for shareholders, with shares now trading more than 40% below their 52-week high and down more than 20% this year alone. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Following such a brutal sell-off, is this the buying opportunity in the growth stock that some investors may have been waiting for? Or are shares still too pricey -- even after their
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High impacting Spotify Technology S.A. Ordinary Shares news events
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SPOT
News
- Spotify Technology (SPOT) had its price target lowered by JPMorgan Chase & Co. from $700.00 to $600.00. They now have an "overweight" rating on the stock.MarketBeat
- Spotify Technology (SPOT) had its price target lowered by Canaccord Genuity Group Inc. from $750.00 to $720.00. They now have a "buy" rating on the stock.MarketBeat
- Spotify Technology (SPOT) had its price target lowered by Benchmark Co. from $760.00 to $695.00. They now have a "buy" rating on the stock.MarketBeat
- Spotify Technology (SPOT) had its price target lowered by The Goldman Sachs Group, Inc. from $670.00 to $600.00. They now have a "buy" rating on the stock.MarketBeat
- Spotify Technology (SPOT) had its "market outperform" rating reaffirmed by Citizens Jmp. They now have a $600.00 price target on the stock, down from $800.00.MarketBeat
SPOT
Earnings
- 4/28/26 - Miss
SPOT
Sec Filings
- 4/28/26 - Form S-8
- 4/28/26 - Form 6-K
- 4/28/26 - Form 6-K
- SPOT's page on the SEC website