Cantor Fitzgerald Cuts Spotify Technology (NYSE:SPOT) Price Target to $615.00

Spotify Technology (NYSE:SPOT) had its target price reduced by Cantor Fitzgerald from $675.00 to $615.00 in a research report released on Thursday,Benzinga reports. Cantor Fitzgerald currently has a neutral rating on the stock.

Other equities research analysts have also issued research reports about the company. The Goldman Sachs Group lowered Spotify Technology from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $765.00 to $770.00 in a report on Tuesday, September 30th. Barclays cut their target price on Spotify Technology from $750.00 to $700.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Spotify Technology in a research note on Monday, December 29th. BNP Paribas raised Spotify Technology to a “strong-buy” rating in a report on Tuesday, September 16th. Finally, Wall Street Zen upgraded Spotify Technology from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $754.90.

Spotify Technology Stock Performance

Shares of Spotify Technology stock opened at $539.15 on Thursday. Spotify Technology has a one year low of $451.43 and a one year high of $785.00. The company has a market cap of $111.01 billion, a P/E ratio of 84.77, a PEG ratio of 0.97 and a beta of 1.66. The firm has a fifty day moving average of $593.15 and a two-hundred day moving average of $659.97.

Spotify Technology (NYSE:SPOT) last issued its earnings results on Tuesday, November 4th. The company reported $3.83 earnings per share 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 business had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.23 billion. During the same quarter in the previous year, the firm earned $1.45 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts predict that Spotify Technology will post 10.3 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. KERR FINANCIAL PLANNING Corp acquired a new stake in Spotify Technology during the 3rd quarter valued at $26,000. Knuff & Co LLC purchased a new stake in shares of Spotify Technology in the second quarter valued at $27,000. Heartwood Wealth Advisors LLC purchased a new stake in shares of Spotify Technology in the third quarter valued at $27,000. Greykasell Wealth Strategies Inc. boosted its stake in shares of Spotify Technology by 3,800.0% during the third quarter. Greykasell Wealth Strategies Inc. now owns 39 shares of the company’s stock valued at $27,000 after acquiring an additional 38 shares during the last quarter. Finally, Total Investment Management Inc. acquired a new stake in shares of Spotify Technology during the second quarter valued at $29,000. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Spotify Technology News Roundup

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.