Spotify stock slips as Premium price hike lands; analysts trim targets
Spotify shares closed down 0.7% at $504.50 Friday and were flat after hours, extending a two-day slide of about 4.6%. The company will raise U.S. Premium prices starting in February, with the Individual plan rising to $12.99. Multiple analysts cut price targets this week ahead of earnings. About 3.7 million shares traded Friday.