Spotify price target lowered to $650 from $830 at Bernstein

Bernstein expert Ian Moore lowered the firm’s terms people connected Spotify (SPOT) to $650 from $830 and keeps an Outperform standing connected the shares. The steadfast sees the motorboat of competitory lean-forward AI features arsenic the cleanest way toward alleviating downward unit connected valuation arsenic startups successful the abstraction summation traction. On the location front, resilient comparative engagement trends proceed to item for Bernstein that the sympathy commercialized with Netflix (NFLX) is unwarranted and that outsized U.S. pricing enactment successful 2026 has potential, though it models $1 successful Q2.

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