Barclays Cuts Spotify Technology (NYSE:SPOT) Price Target to $600.00

Spotify Technology (NYSE:SPOT) had its price objective cut by equities research analysts at Barclays from $650.00 to $600.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 22.37% from the stock’s previous close.

A number of other analysts also recently issued reports on SPOT. Pivotal Research downgraded Spotify Technology from a “buy” rating to a “hold” rating and lowered their price target for the stock from $875.00 to $420.00 in a research report on Wednesday, February 11th. Citizens Jmp started coverage on Spotify Technology in a research report on Wednesday, December 17th. They issued a “market outperform” rating and a $800.00 price target for the company. Wells Fargo & Company lowered their price target on Spotify Technology from $750.00 to $710.00 and set an “overweight” rating for the company in a research report on Tuesday, January 13th. UBS Group lowered their price target on Spotify Technology from $850.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, January 9th. Finally, The Goldman Sachs Group upgraded Spotify Technology from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $735.00 to $700.00 in a research report on Friday, January 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Spotify Technology has an average rating of “Moderate Buy” and an average price target of $697.33.

Spotify Technology Price Performance

Shares of NYSE SPOT traded up $7.15 during midday trading on Wednesday, reaching $490.33. 586,311 shares of the stock traded hands, compared to its average volume of 2,793,270. The stock has a market capitalization of $100.95 billion, a PE ratio of 50.85, a P/E/G ratio of 1.07 and a beta of 1.70. Spotify Technology has a one year low of $405.00 and a one year high of $785.00. The company’s 50 day moving average is $488.66 and its 200 day moving average is $568.87.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.16 by $2.00. The company had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.14 billion. Spotify Technology had a return on equity of 31.35% and a net margin of 13.16%.Spotify Technology’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the company earned $1.88 earnings per share. As a group, equities analysts forecast that Spotify Technology will post 10.3 EPS for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Spotify Technology

Several institutional investors have recently made changes to their positions in the company. Quadcap Wealth Management LLC increased its stake in shares of Spotify Technology by 5.7% during the third quarter. Quadcap Wealth Management LLC now owns 295 shares of the company’s stock valued at $206,000 after buying an additional 16 shares during the period. Sage Mountain Advisors LLC increased its stake in shares of Spotify Technology by 6.3% during the third quarter. Sage Mountain Advisors LLC now owns 289 shares of the company’s stock valued at $201,000 after buying an additional 17 shares during the period. Fullerton Fund Management Co Ltd. increased its stake in shares of Spotify Technology by 7.0% during the second quarter. Fullerton Fund Management Co Ltd. now owns 276 shares of the company’s stock valued at $212,000 after buying an additional 18 shares during the period. Sagespring Wealth Partners LLC increased its stake in shares of Spotify Technology by 2.9% during the fourth quarter. Sagespring Wealth Partners LLC now owns 636 shares of the company’s stock valued at $370,000 after buying an additional 18 shares during the period. Finally, Granite Group Advisors LLC increased its stake in shares of Spotify Technology by 2.6% during the third quarter. Granite Group Advisors LLC now owns 756 shares of the company’s stock valued at $528,000 after buying an additional 19 shares during the period. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Key Spotify Technology News

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

• Positive Sentiment: Spotify launched an AI prompt-driven feature that builds personalized podcast playlists from a simple text prompt — a product upgrade likely to raise listener engagement and ad/subscribe monetization potential. Spotify can now build you a personalized podcast playlist from just a simple prompt
• Positive Sentiment: Bank of America added Spotify to its U.S. 1 list, signalling increased institutional conviction and raising the stock’s profile with large investors. Microsoft, Spotify, Viking Added to BofA US 1 List
• Positive Sentiment: Bank of America’s endorsement alongside a new HYBE partnership (ENHYPEN video podcast) reinforces content expansion and cross-media opportunities that can support ad revenue and audience growth. The company also announced continuity in accounting leadership ahead of the CAO retirement. Bank of America’s U.S. 1 Nod and HYBE Deal Might Change The Case For Investing In Spotify Technology (SPOT)
• Positive Sentiment: Erste Group slightly raised its FY2027 EPS estimate for Spotify, which signals some analyst confidence in the company’s mid-term profit trajectory. Spotify Technology sa – SPOT (MarketBeat)
• Neutral Sentiment: Spotify is a trending ticker on Zacks, reflecting elevated retail attention but not necessarily a directional fundamental change. Spotify Technology (SPOT) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Coverage questioning whether Spotify is a buy notes bullish analyst sentiment but flags valuation and the limits of consensus metrics — useful for investors weighing risk/reward. Is Spotify (SPOT) a Buy as Wall Street Analysts Look Optimistic?
• Neutral Sentiment: Quote/market pages (e.g., Fox Business) provide live pricing and analyst consensus snapshots but add no new catalyst. spotify technology sa – SPOT

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.