Spotify Technology (NYSE:SPOT) Receives $760.23 Consensus Price Target from Brokerages

Spotify Technology (NYSE:SPOT) has been assigned a consensus recommendation of “Moderate Buy” from the thirty-four ratings firms that are covering the company, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation, twenty-three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $754.90.

Several equities analysts have weighed in on the company. Erste Group Bank lowered Spotify Technology from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. BNP Paribas upgraded shares of Spotify Technology to a “strong-buy” rating in a research report on Tuesday, September 16th. Guggenheim reduced their price objective on shares of Spotify Technology from $800.00 to $750.00 and set a “buy” rating on the stock in a research note on Thursday. Cantor Fitzgerald lowered their target price on shares of Spotify Technology from $675.00 to $615.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Spotify Technology in a report on Monday, December 29th.

Spotify Technology Stock Performance

Shares of SPOT stock opened at $539.15 on Monday. The firm’s 50 day moving average price is $593.15 and its two-hundred day moving average price is $660.60. Spotify Technology has a 52-week low of $451.43 and a 52-week high of $785.00. The stock has a market cap of $111.01 billion, a PE ratio of 84.77, a PEG ratio of 0.99 and a beta of 1.66.

Spotify Technology (NYSE:SPOT) last issued its earnings results on Tuesday, November 4th. The company reported $3.83 EPS for the quarter, beating the consensus estimate of $1.87 by $1.96. Spotify Technology had a net margin of 8.46% and a return on equity of 21.68%. The company had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $4.23 billion. During the same quarter in the previous year, the company posted $1.45 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, sell-side analysts predict that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPOT. Knuff & Co LLC acquired a new stake in shares of Spotify Technology during the second quarter worth about $27,000. Total Investment Management Inc. acquired a new stake in Spotify Technology during the 2nd quarter worth approximately $29,000. Heartwood Wealth Advisors LLC bought a new position in Spotify Technology in the third quarter valued at approximately $27,000. Greykasell Wealth Strategies Inc. boosted its holdings in shares of Spotify Technology by 3,800.0% in the third quarter. Greykasell Wealth Strategies Inc. now owns 39 shares of the company’s stock valued at $27,000 after buying an additional 38 shares during the period. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in shares of Spotify Technology during the third quarter worth $26,000. 84.09% of the stock is owned by institutional investors and hedge funds.

Spotify Technology News Summary

Here are the key news stories impacting Spotify Technology this week:

• Positive Sentiment: Spotify launched social features — “Listening Activity” and “Request to Jam” — designed to boost real-time sharing and collaboration, which could increase user engagement and retention. Spotify Adds ‘Listening Activity’ and ‘Request to Jam’ features: Here’s how they work
• Positive Sentiment: Spotify lowered criteria for video podcast monetization, broadening creator eligibility — this can expand creator supply and ad/subscription monetization opportunities. Spotify lowers criteria for video podcast monetisation. Check eligibility
• Neutral Sentiment: UBS trimmed its price target from $850 to $800 but kept a Buy rating — still implies significant upside, softening the negative impact of the cut. Benzinga
• Neutral Sentiment: Guggenheim reduced its target to $750 (from $800) while maintaining a Buy — another moderation of expectations rather than a downgrade. Benzinga
• Neutral Sentiment: Analyst-coverage summaries show mixed views across firms; useful to watch consensus revisions for guidance on future price moves. Where Spotify Technology Stands With Analysts
• Negative Sentiment: Cantor Fitzgerald cut its price target from $675 to $615 and moved to a Neutral rating — a clear downgrade signal that likely contributed to downward pressure on the stock. Benzinga

About Spotify Technology

Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.