Spotify Technology (NYSE:SPOT) Stock Rating Reaffirmed as Hold by TD Cowen

Spotify Technology (NYSE:SPOT)‘s stock had its “hold” rating reiterated by analysts at TD Cowen in a report released on Friday, Benzinga reports. They currently have a $525.00 target price on the stock. TD Cowen‘s target price suggests a potential downside of 8.66% from the company’s current price.

Several other research analysts also recently commented on the stock. Cantor Fitzgerald boosted their price objective on shares of Spotify Technology from $490.00 to $550.00 and gave the company a “neutral” rating in a research report on Friday. Benchmark lowered their price objective on shares of Spotify Technology from $695.00 to $650.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. UBS Group lowered their price objective on shares of Spotify Technology from $690.00 to $675.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Wall Street Zen downgraded shares of Spotify Technology from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, KeyCorp lowered their price objective on shares of Spotify Technology from $680.00 to $660.00 and set an “overweight” rating for the company in a research report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $618.34.

Spotify Technology Stock Performance

Shares of NYSE SPOT traded down $8.88 during midday trading on Friday, reaching $574.78. The company’s stock had a trading volume of 674,463 shares, compared to its average volume of 2,196,025. Spotify Technology has a fifty-two week low of $405.00 and a fifty-two week high of $676.67. The business’s 50 day moving average price is $525.20 and its two-hundred day moving average price is $497.27. The company has a market cap of $118.34 billion, a P/E ratio of 35.79, a P/E/G ratio of 1.63 and a beta of 1.61.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings results on Tuesday, August 4th. The company reported $3.03 earnings per share 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 business had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same quarter in the previous year, the firm posted ($0.42) earnings per share. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. Sell-side analysts forecast that Spotify Technology will post 13.66 earnings per share for the current fiscal year.

Insider Buying and Selling at Spotify Technology

In other news, CEO Gustav Söderström sold 20,913 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $544.19, for a total transaction of $11,380,645.47. Following the completion of the transaction, the chief executive officer directly owned 20,025 shares in the company, valued at approximately $10,897,404.75. This represents a 51.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 company’s stock in a transaction 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 owned 66,773 shares of the company’s stock, 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 68,092 shares of company stock valued at $35,762,410 over the last quarter. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SPOT. Pin Oak Investment Advisors Inc. acquired a new position in shares of Spotify Technology during the second quarter worth $27,000. Portus Wealth Advisors LLC acquired a new position in shares of Spotify Technology during the first quarter worth $32,000. Whipplewood Advisors LLC increased its holdings in shares of Spotify Technology by 423.1% during the first quarter. Whipplewood Advisors LLC now owns 68 shares of the company’s stock worth $33,000 after buying an additional 55 shares in the last quarter. Palladiem LLC bought a new stake in shares of Spotify Technology in the first quarter worth $34,000. Finally, Tsfg LLC increased its holdings in Spotify Technology by 39.7% in the second quarter. Tsfg LLC now owns 81 shares of the company’s stock valued at $37,000 after purchasing an additional 23 shares during the period. 84.09% of the stock is currently owned by institutional investors and hedge funds.

More Spotify Technology News

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.