Top Investment Firm Says Spotify’s ‘Darkest Days Are Ahead’
Top Investment Firm Says Spotify’s ‘Darkest Days Are Ahead’ — ‘Competition Is Fierce, Margins Thin’
Spotify stock (SPOT) may see its ‘darkest days ahead,’ according to analysts from Monness, Crespi, and Hardt. The investment firm cut the stock to Neutral from Buy and refused to assign the stock a target price. Here’s why.