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# Spotify Stock Bounces Off Bottom, Analysts Stay Bullish
- URL: https://www.hypebot.com/spotify-stock-bounces-off-bottom-analytics-stay-bullish/
- Published: 2018-10-31T08:40:00.000Z
- Updated: 2018-10-31T08:40:00.000Z
- Description: Spotify [SPOT] stock ticked upward Tuesday, after days of downward trading that saw the streamer hit an all time low. SPOT stock ended the day at $141.68 up 1.85%. It was. Continue reading [https://www.hypebot.com/hypebot/2018/10/spotify-stock-bounces-off-bottom-analytics-stay-bullish.html]
- Author: Bruce Houghton
- Tags: Music Business, Music Tech, Streaming, SPOT, Spotify, stock, #wp, #wp-post, #Import 2026-01-21 10:00

[![Spotify New $](https://hypebot.typepad.com/.a/6a00d83451b36c69e2022ad39cf755200d-150wi "Spotify New $")](https://hypebot.typepad.com/.a/6a00d83451b36c69e2022ad39cf755200d-popup?ref=hypebot.com)Spotify \[SPOT\] stock ticked upward Tuesday, after days of downward trading that saw the streamer hit an all time low. SPOT stock ended the day at $141.68 up 1.85%. It was up another 1.21% in pre-market trading on Wednesday, trading at $143.40. On Monday, Spotify stock fell 4.88% to close at at $139.11, an [all time end of day low ](https://www.hypebot.com/spotify-stock-hits-all-time-low-ahead-of-earnings-call-1/)for the streamer. That was a fall of 24% in just the last month.Analysts Rosenblatt started coverage this week with a "buy," but with a target price of $181.00\. A more bullish, Goldman Sachs stuck with its 'buy" rating, saying that a "leading position across a growing number of platforms and geographies will ultimately drive share price outperformance,” but lowered its price target to $200 from $230.Overall, Spotify's tumble remains two to three times that of the greater market indexes. So despite bullish forecasts from analysts, the fall has some investors worried ahead of Thursday's Q3 Earnings call,

**Spotify Q3'18 Earnings Call**

Date: Thursday, November 01, 2018

Time: 8:00 AM Eastern Daylight Time

[More info here.](https://investors.spotify.com/events/events-calendar/default.aspx?ref=hypebot.com)