Spotify Technology (NYSE:SPOT) Stock Price Target Raised at Oppenheimer

Spotify Technology (NYSE:SPOT) had its target price upped by investment analysts at Oppenheimer from $550.00 to $650.00 in a report issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer‘s price target points to a potential upside of 11.07% from the company’s previous close.

Other analysts have also recently issued reports about the company. Morgan Stanley boosted their price objective on Spotify Technology from $610.00 to $640.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Piper Sandler initiated coverage on Spotify Technology in a research report on Thursday, October 8th. They issued a “neutral” rating and a $540.00 target price for the company. KeyCorp decreased their price target on shares of Spotify Technology from $680.00 to $660.00 and set an “overweight” rating on the stock in a research note on Thursday, October 1st. Wells Fargo & Company boosted their price target on shares of Spotify Technology from $570.00 to $660.00 and gave the company an “overweight” rating in a report on Friday. Finally, Barclays increased their price objective on shares of Spotify Technology from $565.00 to $650.00 and gave the company an “overweight” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $618.00.

Spotify Technology Stock Up 0.3%

Spotify Technology stock traded up $1.56 during trading hours on Friday, hitting $585.22. The stock had a trading volume of 1,311,981 shares, compared to its average volume of 2,199,623. The company has a 50-day moving average of $525.20 and a two-hundred day moving average of $497.27. The company has a market cap of $120.49 billion, a PE ratio of 36.40, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61. Spotify Technology has a fifty-two week low of $405.00 and a fifty-two week high of $676.67.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $3.03 EPS for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.13). Spotify Technology had a return on equity of 41.39% and a net margin of 18.44%. The firm had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter in the prior year, the business posted ($0.42) EPS. Spotify Technology’s revenue was up 13.9% compared to the same quarter last year. As a group, analysts forecast that Spotify Technology will post 13.66 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Gustav Söderström sold 20,910 shares of the stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $530.13, for a total value of $11,085,018.30. Following the completion of the transaction, the chief executive officer directly owned 19,908 shares of the company’s stock, valued at approximately $10,553,828.04. This represents a 51.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 that occurred on Monday, August 3rd. The stock was sold at an average price of $502.10, for a total value of $2,729,415.60. Following the completion of the transaction, the chief executive officer directly owned 66,773 shares of the company’s stock, valued at approximately $33,526,723.30. The trade was a 7.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 worth $35,762,410 over the last ninety days. Company insiders own 0.40% of the company’s stock.

Institutional Trading of Spotify Technology

Institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC raised its stake in Spotify Technology by 20.1% during the first quarter. Janus Henderson Group PLC now owns 1,711,015 shares of the company’s stock worth $829,641,000 after acquiring an additional 286,844 shares in the last quarter. Tiger Global Management LLC lifted its holdings in shares of Spotify Technology by 25.3% during the first quarter. Tiger Global Management LLC now owns 1,580,761 shares of the company’s stock valued at $766,527,000 after acquiring an additional 319,300 shares during the period. Amundi lifted its holdings in shares of Spotify Technology by 20.0% during the first quarter. Amundi now owns 1,104,484 shares of the company’s stock valued at $535,575,000 after acquiring an additional 183,994 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Spotify Technology by 53.4% in the 1st quarter. Principal Financial Group Inc. now owns 989,667 shares of the company’s stock valued at $479,899,000 after purchasing an additional 344,471 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Spotify Technology by 1.8% in the 1st quarter. Sei Investments Co. now owns 749,495 shares of the company’s stock valued at $363,415,000 after purchasing an additional 13,381 shares in the last quarter. Institutional investors and hedge funds own 84.09% of the company’s stock.

Key Headlines Impacting Spotify Technology

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

About Spotify Technology

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.