UBS Drops Spotify Price Target Citing Cost Pressures, But General Mood Remains Bullish

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Spotify’s stock is down nearly 30% year-over-year, with UBS dropping its price target due to cost pressures despite a generally bullish mood.
Spotify’s stock (SPOT) has been lackluster this year, down nearly 30% year-over-year, despite the broader sentiment remaining bullish as the company pushes to diversify. As a result, UBS softened its price target this week but still says “BUY,” citing cost pressures for the lowered target price. The stoc