Keybanc Maintains Overweight on Spotify Technology, Raises Price Target to $140

Keybanc analyst Justin Patterson maintains Spotify Technology (NYSE:SPOT) with a Overweight and raises the price target from $125 to $140.

Keybanc analyst Justin Patterson maintains Spotify Technology (NYSE:SPOT) with a Overweight and raises the price target from $125 to $140.

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Salesforce Cuts 700 Jobs in Streamlining Effort, Yet Eyes Growth with 1,000 Open Roles

Salesforce Inc Announces Layoffs Amid Investor Pressure: Salesforce Inc (NYSE: CRM) is reducing its workforce by 700 employees, a strategic move to increase margins under the influence of activist shareholders like Elliott Management. Despite this downsizing, Salesforce keeps 1,000 jobs open, indicating a recalibration rather than a major shift. This decision follows their 2023 reduction of 8,000 employees and aligns with the broader tech industry trend of AI-focused hiring and cutbacks in other areas.

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