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News Digest / Ticker: SPOT

Ticker: SPOT
08:49am, Tuesday, Sep 30, 2025
Goldman Sachs Downgrades Spotify to Neutral After 120% Rally, Raises Target to $770 on 5% ARPU Assumption
Goldman Sachs cuts Spotify (SPOT) from Buy to Neutral, lifts PT to $770, saying the stock's ~120% rally has priced in upside. Bank still forecasts mid‑teens revenue growth, ARPU gains and ad monetization, but execution risk rises.
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