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Spotify Investor Day eases margin concerns, Jefferies raises price target
Key takeaways
- Shares of Spotify traded up almost 8% at about $528 on Friday afternoon.
- Jefferies highlighted Spotify’s updated 2030 targets, which include a mid-teens percentage revenue compound annual growth rate, gross margins of 35% to 40%, and operating margins above 20%.
- A key focus of the Investor Day was the announcement of an AI remixing and covers feature developed in partnership with Universal Music Group.
Spotify Investor Day eases margin concerns, Jefferies raises price target Proactive Sat, May 23, 2026 at 12:08 AM GMT+7 2 min read SPOT Spotify Technology SA (NYSE:SPOT) remains a top pick for Jefferies following the company’s 2026 Investor Day, which the firm characterized as more “product-focused” than expected and which prompted a price target increase to $600 from $540.
Shares of Spotify traded up almost 8% at about $528 on Friday afternoon.
The firm wrote that the presentation helped ease concerns around long-term margin pressure from AI, while reinforcing confidence in Spotify’s ability to sustain user growth, expand monetization, and maintain its competitive position in audio streaming.
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