Spotify Technology (NYSE:SPOT) Price Target Cut to $800.00 by Analysts at UBS Group

Spotify Technology (NYSE:SPOT) had its target price lowered by UBS Group from $850.00 to $800.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s target price would suggest a potential upside of 47.40% from the stock’s previous close.

A number of other research firms have also issued reports on SPOT. BNP Paribas raised Spotify Technology to a “strong-buy” rating in a research note on Tuesday, September 16th. Rosenblatt Securities reduced their price objective on Spotify Technology from $700.00 to $670.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. DZ Bank upgraded Spotify Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Benchmark boosted their target price on shares of Spotify Technology from $800.00 to $860.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, BNP Paribas Exane began coverage on shares of Spotify Technology in a research note on Tuesday, September 16th. They set an “outperform” rating and a $900.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $754.90.

Spotify Technology Trading Down 2.0%

Shares of SPOT stock traded down $10.94 during mid-day trading on Friday, reaching $542.75. The stock had a trading volume of 1,054,388 shares, compared to its average volume of 1,818,877. The company has a market cap of $111.75 billion, a P/E ratio of 85.34, a price-to-earnings-growth ratio of 1.02 and a beta of 1.66. Spotify Technology has a 12-month low of $451.43 and a 12-month high of $785.00. The business has a 50-day simple moving average of $595.47 and a 200 day simple moving average of $661.94.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings data on Tuesday, November 4th. The company reported $3.83 EPS for the quarter, topping the consensus estimate of $1.87 by $1.96. The business had revenue of $5.01 billion for the quarter, compared to analyst estimates of $4.23 billion. Spotify Technology had a net margin of 8.46% and a return on equity of 21.68%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.45 EPS. Research analysts anticipate that Spotify Technology will post 10.3 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SPOT. Knuff & Co LLC purchased a new stake in shares of Spotify Technology during the second quarter valued at approximately $27,000. Total Investment Management Inc. acquired a new stake in Spotify Technology during the 2nd quarter valued at $29,000. Heartwood Wealth Advisors LLC purchased a new stake in Spotify Technology during the 3rd quarter worth $27,000. Greykasell Wealth Strategies Inc. lifted its holdings in Spotify Technology by 3,800.0% in the 3rd 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 purchased a new position in Spotify Technology in the 3rd quarter valued at about $26,000. 84.09% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Spotify Technology

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

• Positive Sentiment: Spotify rolled out social features — “Listening Activity” (see what friends are hearing in real time) and “Request to Jam” (invite friends to join streams) — which may boost engagement and time spent on platform if adoption follows. Spotify Adds ‘Listening Activity’ and ‘Request to Jam’ features Moneycontrol: Request to Jam & Listening Activity
• Positive Sentiment: Spotify lowered the eligibility criteria for video podcast monetization, potentially increasing creator participation and ad/paid revenue over time if more podcasters qualify. Spotify lowers criteria for video podcast monetisation
• Neutral Sentiment: Analyst coverage is active and mixed: a recent Benzinga roundup summarizes where sell‑side analysts stand on SPOT, providing context for the differing targets and ratings investors are reacting to. Where Spotify Technology Stands With Analysts
• Negative Sentiment: Cantor Fitzgerald cut its price target from $675 to $615 and moved to a “neutral” rating — a nearer-term headwind for sentiment that reduces implied upside from current levels. Benzinga
• Negative Sentiment: Guggenheim trimmed its target from $800 to $750 but kept a “buy” rating; the cut still narrows upside expectations and likely contributed to selling pressure. Benzinga

About Spotify Technology

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.