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# Top Analysts Cut Spotify [NYSE: SPOT] Stock Price Target, See Rough Ride Ahead
- URL: https://www.hypebot.com/top-analysts-cut-spotify-nyse-spot-stock-price-target-see-rough-ride-ahead/
- Published: 2019-01-08T08:31:45.000Z
- Updated: 2019-01-08T08:31:45.000Z
- Description: Four top stock analysts have shifted to a bearish outlook for Spotify (NYSE: SPOT). Monday, Guggenheim, Deutsche Bank, Stifel and Nomura reset their target prices to $120, $135, $170 and. Continue reading [https://www.hypebot.com/hypebot/2019/01/top-analysts-cut-spotify-nyse-spot-stock-price-target-
- Author: Bruce Houghton
- Tags: Music Business, Music Tech, Startups & Funding, Streaming, DIY, DIY musicians, indie, music, music industry, musician, musicians, Spotify, stock, streaming, #wp, #wp-post, #Import 2026-01-21 10:00

[![Spotify New $](https://hypebot.typepad.com/.a/6a00d83451b36c69e2022ad3acbaba200d-pi "Spotify New $")](https://hypebot.typepad.com/.a/6a00d83451b36c69e2022ad386a0e8200c-popup?ref=hypebot.com)Four top stock analysts have shifted to a bearish outlook for Spotify (NYSE: SPOT). Monday, Guggenheim, Deutsche Bank, Stifel and Nomura reset their target prices to $120, $135, $170 and $188 respectively. All are above Spotify's current $119.36 price at close of market Monday. Spotify made its market debut last April with a reference price of $132 per share. Most analysts still [remain](https://www.schaeffersresearch.com/content/news/2019/01/07/spotify-stock-hit-with-multiple-bear-notes?ref=hypebot.com) bullish, however, with 16 of 22 rating it "buy" or "strong buy." 'But even the most optimistic traders are preparing for a wild ride. Options traders give Spotify a 30 day implied volatility of 55.3%, which ranks in the 89th annual percentile.