Pivotal downgrades Spotify, says path to profitability will require patience

The Spotify logo on the New York Stock Exchange, April 3, 2018.
Lucas Jackson | Reuters

Spotify shareholders will need patience to see the path to profitability, research firm Pivotal said one day after the streamer released its most-recent quarterly report.

More In Street Calls

CNBC ProGoldman says these two tech stocks have the most to lose in a deep recession
CNBC ProBarclays cuts Netflix target, sees bigger subscriber losses than expected
CNBC ProAtlantic Equities downgrades Coinbase on crypto price and volume collapse, risk of further turmoil