Spotify Technology (NYSE:SPOT) Stock Keeps “Hold” Rating at TD Cowen

Spotify Technology (NYSE:SPOT)‘s stock had its “hold” rating reiterated by research analysts at TD Cowen in a research note issued on Friday, Benzinga reports. They presently have a $525.00 target price on the stock. TD Cowen‘s target price suggests a potential downside of 10.15% from the company’s previous close.

Several other research analysts have also weighed in on the company. Rosenblatt Securities reaffirmed a “neutral” rating and set a $527.00 price target on shares of Spotify Technology in a research report on Tuesday. Stonex Financia lowered Spotify Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 14th. Citizens Jmp reaffirmed a “market outperform” rating and set a $625.00 price target on shares of Spotify Technology in a research report on Friday. UBS Group lowered their price target on Spotify Technology from $690.00 to $675.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Finally, Weiss Ratings raised Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Spotify Technology has a consensus rating of “Moderate Buy” and an average target price of $615.24.

Spotify Technology Stock Performance

Spotify Technology stock traded up $0.67 during midday trading on Friday, reaching $584.33. The stock had a trading volume of 445,875 shares, compared to its average volume of 2,194,788. The firm’s fifty day simple moving average is $525.20 and its 200-day simple moving average is $497.27. Spotify Technology has a 1-year low of $405.00 and a 1-year high of $676.67. The stock has a market capitalization of $120.30 billion, a P/E ratio of 36.38, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61.

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

Insider Buying and Selling

In related news, CEO Alex Norström sold 5,436 shares of the business’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 transaction, the chief executive officer directly owned 66,773 shares of the company’s stock, valued at approximately $33,526,723.30. The trade was a 7.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gustav Söderström sold 20,913 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $544.19, for a total value of $11,380,645.47. Following the transaction, the chief executive officer directly owned 20,025 shares in the company, valued at $10,897,404.75. The trade was a 51.08% 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 three months. 0.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Tsfg LLC increased its holdings in shares of Spotify Technology by 39.7% during the 2nd quarter. Tsfg LLC now owns 81 shares of the company’s stock worth $37,000 after acquiring an additional 23 shares during the last quarter. Carl P. Sherr & Co. LLC increased its holdings in shares of Spotify Technology by 0.7% during the 1st quarter. Carl P. Sherr & Co. LLC now owns 4,138 shares of the company’s stock worth $2,007,000 after acquiring an additional 27 shares during the last quarter. Frank Rimerman Advisors LLC increased its holdings in shares of Spotify Technology by 2.8% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 1,066 shares of the company’s stock worth $520,000 after acquiring an additional 29 shares during the last quarter. Simplify Asset Management Inc. increased its holdings in shares of Spotify Technology by 3.1% during the 1st quarter. Simplify Asset Management Inc. now owns 1,074 shares of the company’s stock worth $521,000 after acquiring an additional 32 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its holdings in shares of Spotify Technology by 7.5% during the 1st quarter. Arkadios Wealth Advisors now owns 474 shares of the company’s stock worth $230,000 after acquiring an additional 33 shares during the last quarter. 84.09% of the stock is owned by institutional investors and hedge funds.

Key Stories 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.