The Goldman Sachs Group Cuts Spotify Technology (NYSE:SPOT) Price Target to $600.00

Spotify Technology (NYSE:SPOT) had its price target lowered by The Goldman Sachs Group from $670.00 to $600.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also weighed in on SPOT. Guggenheim reduced their price objective on shares of Spotify Technology from $600.00 to $565.00 and set a “buy” rating on the stock in a research report on Wednesday. Cantor Fitzgerald reduced their price objective on shares of Spotify Technology from $525.00 to $430.00 and set a “neutral” rating on the stock in a research report on Wednesday. Arete Research raised shares of Spotify Technology from a “neutral” rating to a “buy” rating and set a $586.00 price objective on the stock in a research report on Thursday, February 26th. Daiwa Securities Group assumed coverage on shares of Spotify Technology in a research report on Thursday, March 26th. They issued an “outperform” rating and a $535.00 price objective on the stock. Finally, Barclays dropped their target price on shares of Spotify Technology from $600.00 to $500.00 and set an “overweight” rating on the stock in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $645.77.

Spotify Technology Stock Down 1.1%

Spotify Technology stock traded down $4.71 during midday trading on Wednesday, reaching $441.84. The stock had a trading volume of 1,435,800 shares, compared to its average volume of 2,012,592. Spotify Technology has a 52-week low of $405.00 and a 52-week high of $785.00. The firm has a market cap of $90.97 billion, a price-to-earnings ratio of 35.21, a price-to-earnings-growth ratio of 1.09 and a beta of 1.56. The company has a fifty day moving average of $499.80 and a 200 day moving average of $547.02.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.63. Spotify Technology had a net margin of 15.56% and a return on equity of 35.73%. The company had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.23 billion. During the same period in the prior year, the company posted $1.07 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. Equities research analysts predict that Spotify Technology will post 14.64 EPS for the current year.

Insider Transactions at Spotify Technology

In other Spotify Technology news, CEO Gustav Soderstrom sold 20,833 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $473.52, for a total value of $9,864,842.16. Following the transaction, the chief executive officer directly owned 20,609 shares in the company, valued at $9,758,773.68. This represents a 50.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Alex Norstrom sold 5,436 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $479.51, for a total transaction of $2,606,616.36. Following the completion of the transaction, the chief executive officer owned 69,989 shares in the company, valued at $33,560,425.39. This represents a 7.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Spotify Technology

A number of hedge funds and other institutional investors have recently modified their holdings of SPOT. KERR FINANCIAL PLANNING Corp bought a new position in shares of Spotify Technology during the third quarter valued at approximately $26,000. Greykasell Wealth Strategies Inc. boosted its stake 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 valued at $27,000 after purchasing an additional 38 shares in the last quarter. Westfuller Advisors LLC bought a new position in shares of Spotify Technology during the third quarter valued at approximately $29,000. Albion Financial Group UT boosted its stake in shares of Spotify Technology by 80.0% during the third quarter. Albion Financial Group UT now owns 45 shares of the company’s stock valued at $31,000 after purchasing an additional 20 shares in the last quarter. Finally, Portus Wealth Advisors LLC bought a new position in shares of Spotify Technology during the first quarter valued at approximately $32,000. 84.09% of the stock is currently owned by institutional investors.

Key Headlines Impacting Spotify Technology

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

• Positive Sentiment: Product actions to protect listener trust — Spotify is rolling out a “Verified”/“Verified by Spotify” artist badge and other features to clamp down on AI-generated impostor artists, which could preserve user trust and ad/retention metrics. Spotify introduces verified artist badges to help distinguish humans from AI
• Positive Sentiment: Monetization lift from pricing — Spotify said it will raise monthly Premium prices by €1–€3 in some markets, a near-term revenue tailwind that can help offset slower user-growth trends. Spotify to hike all monthly premium plans by €1 to €3
• Positive Sentiment: Stake sale / buyback support — Universal Music’s move to sell half its Spotify stake and ramp buybacks could tighten float or lead to buyback activity that supports the share price. Universal Music to sell half of Spotify stake, boosts buybacks
• Positive Sentiment: Some analysts still bullish — Canaccord and a few other firms maintained high price targets (e.g., $720), signaling continued conviction in Spotify’s long-term story despite near-term headwinds. Spotify Technology (NYSE:SPOT) Given New $720.00 Price Target at Canaccord Genuity Group
• Neutral Sentiment: Trimmed-but-positive ratings — UBS cut its price target (from $760 to $735) but kept a Buy view, reflecting reduced upside expectations while still supporting a constructive medium-term thesis. UBS trims Spotify price target
• Neutral Sentiment: Valuation/entry debate — Several market pieces are assessing whether the recent pullback creates a buying opportunity or simply prices in slower growth; this keeps investor sentiment mixed until guidance clarity. Is Spotify (SPOT) Offering A Chance After The Recent 13% Share Price Slide?
• Negative Sentiment: Broad analyst downgrades and target cuts — Multiple firms (JPMorgan, Goldman Sachs, Wells Fargo, Barclays, Pivotal Research, Guggenheim and others) lowered expectations or price targets after the quarter, increasing selling pressure. Spotify Technology (NYSE:SPOT) Price Target Cut to $600.00 by Analysts at JPMorgan Chase & Co.
• Negative Sentiment: Earnings pain points: growth and ad revenue — Investors reacted to Q1 results where premium-subscriber growth slowed and ad-revenue trends disappointed, triggering the recent sizable weekly selloff. Why Spotify Stock Plummeted This Week

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.