Spotify Stock Ready To Rebound After All-Time Low

Spotify stock was up 2.31% to $132.70 in pre-market trading on Wednesday, after hitting an all time of $120.49 on Tuesday. The streamer's apparent recovery began on Tuesday afternoon, with the stock rising 2.37% and closing at $129.70.

While several analysts have reduced their target price to the $175 to $200 range in recent weeks, most continue to see an upside for Spotify.