Spotify Technology (NYSE:SPOT) Stock Gets Price Target Bump from JPMorgan Chase & Co.

Spotify Technology (NYSE:SPOT) had its price target lifted by research analysts at JPMorgan Chase & Co. from $650.00 to $700.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 20.57% from the company’s current price.

A number of other brokerages have also issued reports on SPOT. Phillip Securities upgraded shares of Spotify Technology to a “buy” rating and set a $650.00 target price on the stock in a research report on Tuesday, August 11th. Argus reaffirmed a “buy” rating and issued a $600.00 price target on shares of Spotify Technology in a research note on Thursday, August 13th. Barclays increased their price objective on shares of Spotify Technology from $565.00 to $650.00 and gave the stock an “overweight” rating in a research note on Friday. Citizens Jmp reissued a “market outperform” rating and issued a $625.00 target price on shares of Spotify Technology in a report on Friday. Finally, Benchmark cut their price target on shares of Spotify Technology from $695.00 to $650.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. One analyst has 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $620.07.

Spotify Technology Trading Down 0.5%

SPOT stock traded down $3.08 during trading hours on Friday, hitting $580.58. 1,151,251 shares of the stock were exchanged, compared to its average volume of 2,198,670. The company has a 50-day simple moving average of $525.20 and a two-hundred day simple moving average of $497.27. The firm has a market capitalization of $119.53 billion, a P/E ratio of 36.19, a P/E/G ratio of 1.63 and a beta of 1.61. Spotify Technology has a 12 month low of $405.00 and a 12 month high of $676.67.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings results on Tuesday, August 4th. The company reported $3.03 EPS for the quarter, missing the consensus estimate 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 last year, the company posted ($0.42) earnings per share. The company’s revenue was up 13.9% on a year-over-year basis. On average, equities research analysts predict that Spotify Technology will post 13.66 earnings per share for the current year.

Insider Transactions at Spotify Technology

In related news, CEO Gustav Söderström sold 20,913 shares of the company’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 sale, the chief executive officer directly owned 20,025 shares in the company, valued at $10,897,404.75. This represents a 51.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 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 sale, the chief executive officer owned 66,773 shares of the company’s stock, valued at approximately $33,526,723.30. This trade represents a 7.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 90 days. 0.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SPOT. Pin Oak Investment Advisors Inc. bought a new stake in Spotify Technology in the second quarter valued at $27,000. Portus Wealth Advisors LLC bought a new position in shares of Spotify Technology during the 1st quarter worth about $32,000. Whipplewood Advisors LLC grew its stake in shares of Spotify Technology by 423.1% in the 1st quarter. Whipplewood Advisors LLC now owns 68 shares of the company’s stock valued at $33,000 after buying an additional 55 shares during the period. Palladiem LLC bought a new stake in Spotify Technology in the 1st quarter valued at about $34,000. Finally, Tsfg LLC grew its stake 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 acquiring an additional 23 shares during the period. 84.09% of the stock is owned by institutional investors.

More Spotify Technology News

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

• Positive Sentiment: Spotify reported 306 million premium subscribers, up 9% year over year and one million above guidance. Monthly active users rose 11% to 788 million, with growth across all regions. Spotify Stock Surges on Q3 Subscriber Beat And Bullish Forecast
• Positive Sentiment: Revenue increased approximately 16% year over year to €4.97 billion, while gross margin expanded to 33% and operating income exceeded company guidance. Spotify expects further margin improvement as expense growth moderates. Spotify revenue rises 16% as subscribers and margins improve
• Positive Sentiment: Management highlighted advertising recovery, AI-powered personalization through its “taste model,” audiobooks and AI-agent integrations as potential growth drivers. The company said AI is helping accelerate product launches without increasing headcount significantly. Spotify Q3 Earnings Call Highlights Ad Recovery and Cost Control
• Positive Sentiment: Several analysts raised their price targets following the results, including Wells Fargo to $660, Barclays and Guggenheim to $650, and Citizens JMP to $625, generally maintaining bullish ratings. Spotify Analysts Raise Their Forecasts Following Q3 Earnings
• Neutral Sentiment: Spotify guided to roughly $6.0 billion of fourth-quarter revenue, broadly matching consensus. It also expects approximately 818 million MAUs and 316 million premium subscribers, implying continued growth.
• Negative Sentiment: Quarterly EPS missed analyst expectations, and revenue was slightly below estimates. The earnings shortfall contrasts with the strong subscriber performance and could limit near-term upside. Spotify Q3 Earnings Miss Estimates
• Negative Sentiment: Not all analysts turned bullish: TD Cowen reaffirmed a Hold rating with a $525 target, while Cantor Fitzgerald maintained Neutral with a $550 target, both below the prevailing share price. TD Cowen Spotify Rating

Spotify Technology Company Profile

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.