Spotify Stock Slips Again As KeyBanc Lowers Its Target — Can a Decent Q4 ’25 Earnings Report Turn Things Around?

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On February 10, 2026
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Spotify Stock Slips Again As KeyBanc Lowers Its Target — Can a Decent Q4 ’25 Earnings Report Turn Things Around?

KeyBanc is the latest firm to settle on a reduced Spotify stock (NYSE: SPOT) target price, and SPOT is now down 28% since 2026’s beginning. But with the company scheduled to post its Q4 2025 financials tomorrow, could an unexpectedly good report turn things around?

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