Sanford C. Bernstein Cuts Spotify Technology (NYSE:SPOT) Price Target to $650.00

Spotify Technology (NYSE:SPOT) had its price objective cut by Sanford C. Bernstein from $830.00 to $650.00 in a report published on Wednesday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other brokerages have also issued reports on SPOT. Benchmark increased their target price on shares of Spotify Technology from $800.00 to $860.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Rosenblatt Securities cut their price target on Spotify Technology from $700.00 to $670.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. Phillip Securities raised Spotify Technology from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 10th. BNP Paribas Exane initiated coverage on Spotify Technology in a research note on Tuesday, September 16th. They set an “outperform” rating and a $900.00 price objective on the stock. Finally, Citizens Jmp started coverage on Spotify Technology in a report on Wednesday, December 17th. They issued a “market outperform” rating and a $800.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $743.90.

Spotify Technology Price Performance

SPOT stock opened at $505.04 on Wednesday. The stock has a market capitalization of $103.98 billion, a price-to-earnings ratio of 79.41, a PEG ratio of 0.96 and a beta of 1.66. The business’s fifty day moving average price is $582.72 and its two-hundred day moving average price is $652.30. Spotify Technology has a fifty-two week low of $475.01 and a fifty-two week high of $785.00.

Spotify Technology (NYSE:SPOT) last announced its earnings results on Tuesday, November 4th. The company reported $3.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business posted $1.45 earnings per share. Spotify Technology’s quarterly revenue was up 7.1% on a year-over-year basis. Research analysts expect that Spotify Technology will post 10.3 EPS for the current year.

Institutional Trading of Spotify Technology

Institutional investors and hedge funds have recently modified their holdings of the business. KERR FINANCIAL PLANNING Corp acquired a new position in Spotify Technology during the third quarter worth about $26,000. Knuff & Co LLC acquired a new stake in shares of Spotify Technology in the 2nd quarter valued at approximately $27,000. Heartwood Wealth Advisors LLC bought a new stake in shares of Spotify Technology during the 3rd quarter valued at approximately $27,000. Greykasell Wealth Strategies Inc. grew its holdings in shares of Spotify Technology by 3,800.0% during the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 39 shares of the company’s stock valued at $27,000 after purchasing an additional 38 shares during the last quarter. Finally, Total Investment Management Inc. acquired a new position in Spotify Technology during the 2nd quarter worth approximately $29,000. 84.09% of the stock is currently owned by institutional investors.

Key Headlines Impacting Spotify Technology

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

• Positive Sentiment: Analysts and bullish commentators argue the $1 increase to the U.S. Individual plan ($11.99 → $12.99) will meaningfully lift revenue and operating leverage because incremental subscription dollars have high flow-through and low acquisition cost; MarketBeat’s deep dive highlights stronger margins, record free cash flow and a path to improved EPS. Spotify’s Price Hike: Why Subscribers Will Pay Up
• Positive Sentiment: Some buy-side commentary views the pullback as a buying opportunity; Seeking Alpha recommends “buy the dip,” arguing the price increase should boost margins and EPS with limited churn. Spotify: Buy The Dip As $12.99 Price Takes Hold
• Positive Sentiment: Benchmark cut its price target from $860 to $760 but kept a Buy rating — signaling continued analyst confidence in longer-term upside despite the reset. Benzinga coverage of Benchmark target change
• Neutral Sentiment: Multiple outlets (Reuters, CNBC, TechCrunch, WSJ) reported Spotify will raise Premium prices in the U.S., Estonia and Latvia effective next month — a factual development that triggered immediate market reaction but whose net impact depends on realized churn and royalty margins. Spotify to raise premium subscription price to $12.99 a month in select markets
• Negative Sentiment: Near-term market response was negative: the stock pulled back after the announcement, reflecting investor concern about potential subscriber cancellations and investor rotation away from richly valued growth names. Spotify (SPOT) Stock Dips While Market Gains: Key Facts
• Negative Sentiment: Some institutional notes are cautious—Wells Fargo published a pessimistic forecast highlighting downside risk if churn accelerates or competitive pricing pressure intensifies. Wells Fargo & Company Issues Pessimistic Forecast for Spotify
• Negative Sentiment: Critical coverage frames the raise as another consumer-cost squeeze amid broader inflation concerns, which could amplify sensitivity to future price actions. Spotify just announced another price hike. Here’s what’s really driving it

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.