Fly News Breaks for February 7, 2019
SPOT
Feb 7, 2019 | 06:34 EDT
Loop Capital analyst Alan Gould lowered his price target on Spotify to $120 and kept his Sell rating, saying that while the company posted "good" Q4 numbers with premium subscribers close to expectations, its 2019 top-line guidance was disappointing. The analyst adds that the "library product is more critical in music than video and warns about the "competitive music streaming market", even though he is positive on Spotify's plans to buy Anchor and Gimlet Media to grow its podcasting business.
News For SPOT From the Last 2 Days