Wall Street Cuts Spotify Price Targets Despite Earnings Beat
Spotify (SPOT) reported Q1 2026 earnings that beat expectations with $3.45 EPS and 8% YoY revenue growth to $4.53B, but four Wall Street firms cut their price targets due to concerns about AI disruption and weaker Q2 guidance. Spotify shares fell 17% in one week as investors worry about the company's vulnerability to AI and subscription fatigue.
Topics: AI Disruption Earnings Price Targets Spotify Stock Performance Wall Street