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# Spotify Stock Hits All Time Low After Analysts Downgrade
- URL: https://www.hypebot.com/spotify-stock-hits-all-time-low-as-analysts-downgrade/
- Published: 2018-11-13T08:12:59.000Z
- Updated: 2018-11-13T08:12:59.000Z
- Description: Spotify stock fell 4.89% on Monday, closing the day at $131.13. That leaves the streamer with a market cap of just under $24 billion. At one point in the day,. Continue reading [https://www.hypebot.com/hypebot/2018/11/spotify-stock-hits-all-time-low-as-analysts-downgrade.html]
- Author: Bruce Houghton
- Tags: Music Business, Music Tech, Streaming, Spotify, stock, #wp, #wp-post, #Import 2026-01-21 10:00

[![Spotify new](https://hypebot.typepad.com/.a/6a00d83451b36c69e2022ad379efab200c-200wi "Spotify new")](https://hypebot.typepad.com/.a/6a00d83451b36c69e2022ad379efab200c-popup?ref=hypebot.com)Spotify stock fell 4.89% on Monday, closing the day at $131.13\. That leaves the streamer with a market cap of just under $24 billion. At one point in the day, the stock fell to an all time low of $126.75\. Spotify's downturn continued on a day of turmoil in the market overall, but was exacerbated after analysts from Barclays, JPMorgan Chase, Evercore and Wells Fargo all downgraded their target price for the stock to the $190 – $200 per share range.Spotify stock was up 3.4% to $134.71 in pre-target trading.