Goldman Sachs Remains Neutral on Spotify Stock (NYSE: SPOT), Reduces Target Price As Shares’ Post-Earnings Slide Continues

The Goldman Sachs tower in New Jersey. Photo Credit: Jordan Merrick
After releasing a seemingly solid Q3 earnings report on Tuesday, Spotify has now seen its shares (NYSE: SPOT) slide by roughly 6% on the week. Meanwhile, despite being generally optimistic about SPOT’s path forward, analysts are pulling back on their target prices.We covered several of those adjusted targets earlier this week. Barclays, for instance, reduced its SPOT target from $750 to $700, compared to $830 for Bernstein