SPOT Spotify Price Target after H&S and Joe Rogan controversyToday you will probably have the chance to buy SPOT at the price of its IPO in 2018.
But the price target, in my opinion, it`s even lower.
Looking at the Head and Shoulders Bearish chart pattern combined with the Joe Rogan controversy that has exposed Spotify’s weaknesses, i would say $126 per share is my buy area.
Looking forward to read your opinion about it.
Neilyoung
Spotify did NOT LOSE ~$4B BECAUSE of Neil YoungOn the 26th of Jan 2022, Neil Young requested Spotify remove his music from their platform.
Neil Young Press Release
Lots of misleading news then circulates the web, suggesting that Spotify lose $4billion in stock value due to Young's decision to leave Spotify in protest against hosting Joe Rogan.
These charts just serve to prove and demonstrate that the market has been in a downward trend, not just for Spotify, but for many many others.
Likewise these charts serve to disprove that Spotify lost $4Billion BECAUSE of Neil Young's.
Sample Misleading News
FOREX PRESS
Reddit
SanFrancisco Chronicle