Spotify Technology (NYSE:SPOT) Earns “Hold” Rating from TD Cowen

Spotify Technology (NYSE:SPOT)‘s stock had its “hold” rating reissued by investment analysts at TD Cowen in a research note issued on Friday, Benzinga reports. They currently have a $525.00 price target on the stock. TD Cowen‘s target price indicates a potential downside of 9.14% from the stock’s current price.

Several other research analysts have also issued reports on SPOT. Stonex Financia lowered shares of Spotify Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 14th. Wells Fargo & Company reduced their target price on shares of Spotify Technology from $600.00 to $570.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. Cantor Fitzgerald raised their target price on shares of Spotify Technology from $490.00 to $550.00 and gave the company a “neutral” rating in a research note on Friday. Wall Street Zen lowered shares of Spotify Technology from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Morgan Stanley raised their target price on shares of Spotify Technology from $610.00 to $640.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. One investment analyst has 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 currently has an average rating of “Moderate Buy” and a consensus price target of $615.24.

Spotify Technology Price Performance

Shares of NYSE SPOT traded down $5.87 during mid-day trading on Friday, hitting $577.79. The company’s stock had a trading volume of 571,660 shares, compared to its average volume of 2,195,577. The stock has a market cap of $118.96 billion, a price-to-earnings ratio of 35.91, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61. Spotify Technology has a one year low of $405.00 and a one year high of $676.67. The company’s fifty day simple moving average is $525.20 and its 200-day simple moving average is $497.27.

Spotify Technology (NYSE:SPOT) last issued its earnings results on Tuesday, August 4th. The company reported $3.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.16 by ($0.13). The business had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.47 billion. Spotify Technology had a net margin of 18.44% and a return on equity of 41.39%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the business posted ($0.42) EPS. On average, sell-side analysts predict that Spotify Technology will post 13.66 EPS for the current year.

Insider Activity at Spotify Technology

In other Spotify Technology news, CEO Gustav Söderström sold 20,910 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $530.13, for a total transaction of $11,085,018.30. Following the sale, the chief executive officer directly owned 19,908 shares in the company, valued at approximately $10,553,828.04. This trade represents a 51.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Alex Norström sold 5,436 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $502.10, for a total transaction of $2,729,415.60. Following the sale, the chief executive officer owned 66,773 shares in the company, valued at $33,526,723.30. This trade represents a 7.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 68,092 shares of company stock worth $35,762,410 over the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Institutional Trading of Spotify Technology

Hedge funds have recently bought and sold shares of the stock. Montanova Capital LLC raised its holdings in Spotify Technology by 9,154.5% during the 2nd quarter. Montanova Capital LLC now owns 101,800 shares of the company’s stock worth $46,739,000 after buying an additional 100,700 shares during the period. Plato Investment Management Ltd acquired a new stake in Spotify Technology during the 2nd quarter worth approximately $1,363,000. HS Management Partners LLC acquired a new stake in Spotify Technology during the 2nd quarter worth approximately $13,404,000. Ally Financial Inc. raised its holdings in Spotify Technology by 100.0% during the 2nd quarter. Ally Financial Inc. now owns 7,000 shares of the company’s stock worth $3,214,000 after buying an additional 3,500 shares during the period. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of Spotify Technology in the second quarter valued at approximately $100,867,000. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Spotify Technology

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

• Positive Sentiment: Subscriber growth exceeded expectations: Premium subscribers rose 9% year over year to 306 million, one million above Spotify’s guidance, while monthly active users increased 11% to 788 million. Management expects to reach approximately 316 million premium subscribers and 818 million monthly active users in the fourth quarter. Spotify Stock Surges on Q3 Subscriber Beat and Bullish Forecast
• Positive Sentiment: Profitability trends improved: Third-quarter revenue rose roughly 16% year over year to about €4.97 billion, operating income reached €672 million, and gross margin expanded to 33%. Spotify expects fourth-quarter operating income and gross margin to remain stronger as costs and investment intensity moderate. Spotify revenue rises as subscribers and margins improve
• Positive Sentiment: AI is viewed as a future growth catalyst: Spotify highlighted its AI-powered “taste model,” personalized experiences and efforts to make its service accessible through AI agents. The company said AI is accelerating feature development without increasing headcount, potentially supporting engagement, retention and long-term margin expansion. Spotify’s current AI bet
• Positive Sentiment: Analyst sentiment improved: Guggenheim raised its price target to $650 and assigned a Buy rating, while Barclays also lifted its target to $650 and maintained Overweight. Guggenheim Spotify recommendations
• Neutral Sentiment: Mixed quarterly results: Adjusted earnings per share and revenue were slightly below consensus, although revenue growth remained healthy and subscriber and margin metrics were stronger than expected. Spotify forecasts fourth-quarter profit above estimates
• Negative Sentiment: Valuation and analyst caution remain risks: Cantor Fitzgerald raised its target to $550 but retained a Neutral rating, implying limited upside from the referenced price level. The earnings miss could also pressure the stock if subscriber momentum or AI-related benefits fail to translate into sustained profits. Cantor Fitzgerald Spotify recommendations

About Spotify Technology

Spotify Technology SA is an audio streaming company that operates the Spotify platform, offering users access to music, podcasts and audiobooks through internet-connected devices. Its catalog includes licensed recordings from music labels and artists, as well as podcasts and other audio content from creators and publishers.

Spotify provides both an ad-supported service and subscription-based Premium plans. Premium subscribers generally receive ad-free listening and additional features, while the advertising-supported service allows users to access content without a paid subscription.