Guggenheim Cuts Spotify Technology (NYSE:SPOT) Price Target to $600.00

Spotify Technology (NYSE:SPOT) had its target price cut by Guggenheim from $720.00 to $600.00 in a report published on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also issued reports on the stock. DZ Bank raised shares of Spotify Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Wall Street Zen upgraded shares of Spotify Technology from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Citigroup upgraded Spotify Technology from a “neutral” rating to a “buy” rating and set a $650.00 price target for the company in a report on Friday, January 30th. Cantor Fitzgerald cut their price objective on Spotify Technology from $615.00 to $525.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Finally, UBS Group reduced their price objective on Spotify Technology from $850.00 to $800.00 and set a “buy” rating on the stock in a research note on Friday, January 9th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Spotify Technology has an average rating of “Moderate Buy” and an average price target of $698.91.

Spotify Technology Price Performance

Spotify Technology stock opened at $495.71 on Tuesday. The company has a market cap of $102.03 billion, a price-to-earnings ratio of 51.42, a price-to-earnings-growth ratio of 1.01 and a beta of 1.66. Spotify Technology has a 12 month low of $405.00 and a 12 month high of $785.00. The stock’s 50-day moving average is $513.96 and its 200-day moving average is $609.42.

Spotify Technology (NYSE:SPOT) last issued its earnings results on Tuesday, February 10th. The company reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.16 by $2.00. Spotify Technology had a return on equity of 31.35% and a net margin of 13.16%.The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter in the previous year, the business earned $1.88 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Research analysts anticipate that Spotify Technology will post 10.3 EPS for the current year.

Institutional Trading of Spotify Technology

A number of hedge funds and other institutional investors have recently modified their holdings of SPOT. Knuff & Co LLC purchased a new stake in Spotify Technology during the 2nd quarter worth approximately $27,000. Total Investment Management Inc. purchased a new position in shares of Spotify Technology during the 2nd quarter valued at approximately $29,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of Spotify Technology during the third quarter worth approximately $27,000. Greykasell Wealth Strategies Inc. grew its position 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 worth $27,000 after buying an additional 38 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in shares of Spotify Technology in the third quarter worth $26,000. 84.09% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Spotify Technology

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

• Positive Sentiment: Analyst upgrades and price-target lift: Arete Research moved SPOT from neutral to buy with a $586 target, and a separate research upgrade highlighted stronger premium gross margins and “margin durability” — both signals that helped reduce investor concern about profitability and likely triggered buying. Arete Research / Finviz
• Positive Sentiment: Analyst note + market reaction: Coverage noting margin upside and manageable AI-related risks was flagged in market commentary as a reason for momentum following Spotify’s recent earnings reset (investor repositioning around improving operating leverage). QuiverQuant: Analyst Upgrade & Margin Upside
• Positive Sentiment: Sector tailwinds: industry pieces highlight that streaming platforms (including Spotify) are benefiting from a mix of ad growth, subscriptions and AI-driven personalization — a backdrop that supports higher monetization potential and investor appetite. Yahoo Finance: Must-Track Streaming Stocks
• Positive Sentiment: Product update that may boost engagement: Spotify rolled out “Smart Reorder” for playlists, a feature aimed at improving listening experience and playlist utility — a small but positive UX/engagement catalyst over time. Android Police: Smart Reorder
• Neutral Sentiment: Valuation and pullback analysis: Commentary assessing whether the recent price pullback makes SPOT attractive flags mixed signals — solid long-term gains but notable YTD and 1‑year declines that keep valuation debate active among investors. Yahoo Finance: Is Spotify Now Attractive?
• Negative Sentiment: Bearish outlook from Guggenheim: A recent pessimistic forecast raises downside concerns and reminds investors there is still disagreement on fair valuation and long-term upside, which could cap gains if more firms adopt a cautious view. American Banking News: Guggenheim Pessimistic Forecast

Spotify Technology Company Profile

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.