Spotify stock in focus: SPOT dips in premarket after upgrade pop, AI worries still hang around
Spotify shares slipped 0.3% to $494.06 in premarket trading Friday, after surging 7% Thursday on an Arete Research upgrade. Arete raised its rating to Buy, citing stronger Premium margins and minimal AI risk, but cut its price target to $586 from $680. Investors await Spotify’s Q1 results, expected April 28.