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Downgrade, C-Suite Split Send Spotify Stock Lower
SpotifySpotify(US:SPOT) Schaeffers Investment Research·2025-09-30 14:24

Spotify stock may be struggling today, but has outperformed in 2025Shares of Spotify Technology SA (NYSE:SPOT) are 2.8% lower to trade at 707.60thismorning,afterthemusicstreamingcompany announcedCEODanielEkplanstoresign,andwillbereplacedbycoCEOsAlexNorstro¨mandGustavSo¨derstro¨m,effectiveJan.1.ThismorningGoldmanSachsdowngradedtheSPOTto"neutral"from"buy"andtrimmeditspricetargetto707.60 this morning, after the music streaming company announced CEO Daniel Ek plans to resign, and will be replaced by co-CEOs Alex Norström and Gustav Söderström, effective Jan. 1. This morning Goldman Sachs downgraded the SPOT to "neutral" from "buy" and trimmed its price target to 765 from $770, the analyst in coverage noting much of the company's value is already p ...