Spotify Technology (NYSE:SPOT) Price Target Raised to $825.00

Spotify Technology (NYSE:SPOT) had its price objective upped by Oppenheimer from $750.00 to $825.00 in a report issued on Monday,Benzinga reports. They currently have an outperform rating on the stock.

Several other analysts have also recently weighed in on SPOT. Guggenheim boosted their price target on Spotify Technology from $800.00 to $850.00 and gave the stock a “buy” rating in a report on Monday. Barclays reduced their price target on Spotify Technology from $800.00 to $750.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. DZ Bank upgraded Spotify Technology from a “sell” rating to a “hold” rating and set a $652.00 price target on the stock in a report on Wednesday, July 30th. Bank of America boosted their price target on Spotify Technology from $700.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, June 26th. Finally, Morgan Stanley reduced their price target on Spotify Technology from $850.00 to $800.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. Twenty research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $720.07.

Spotify Technology Trading Down 2.1%

Shares of NYSE SPOT opened at $703.9750 on Monday. The company has a market cap of $144.11 billion, a price-to-earnings ratio of 170.87, a PEG ratio of 3.09 and a beta of 1.69. Spotify Technology has a 12 month low of $319.07 and a 12 month high of $785.00. The stock has a 50-day moving average price of $704.31 and a two-hundred day moving average price of $640.09.

Spotify Technology (NYSE:SPOT) last issued its earnings results on Tuesday, July 29th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of $2.00 by ($2.42). The business had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.29 billion. Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The firm’s revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Spotify Technology will post 10.3 earnings per share for the current year.

Institutional Trading of Spotify Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp increased its position in Spotify Technology by 1.7% during the 2nd quarter. State Street Corp now owns 4,574,228 shares of the company’s stock valued at $3,509,988,000 after purchasing an additional 74,256 shares during the period. Jennison Associates LLC lifted its holdings in shares of Spotify Technology by 42.3% in the 1st quarter. Jennison Associates LLC now owns 4,247,940 shares of the company’s stock worth $2,336,494,000 after purchasing an additional 1,262,614 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Spotify Technology by 3.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,526,988 shares of the company’s stock worth $1,939,949,000 after purchasing an additional 112,553 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Spotify Technology by 22.7% in the 2nd quarter. Fisher Asset Management LLC now owns 2,489,013 shares of the company’s stock worth $1,909,920,000 after purchasing an additional 460,115 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Spotify Technology by 1,151.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,740,803 shares of the company’s stock worth $957,494,000 after purchasing an additional 1,601,653 shares in the last quarter. Institutional investors and hedge funds own 84.09% of the company’s stock.

Spotify Technology Company Profile

Spotify Technology SA, together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers.