BUZZ-Spotify dips; UBS cuts PT on slowed subscriber growth

Reuters01-09
BUZZ-<a href="https://laohu8.com/S/SPOT">Spotify</a> dips; UBS cuts PT on slowed subscriber growth

** Streaming giant Spotify's SPOT.N shares fall 1.4% to $546.28

** UBS cuts PT to $800 from $850, still implying upside of 44.5% to stock's last close

** Brokerage cut EBITDA estimates by mid-single digits "in 26/27 to reflect slightly lower sub growth and higher R&D spend"

** Avg. rating of 40 analysts is "buy;" their median PT is $751.33 - data compiled by LSEG

** Stock rose 29.8% in 2025

(Reporting by Anhata Rooprai in Bengaluru)

((Anhata.Rooprai@thomsonreuters.com))

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