Spotify Technology (NYSE:SPOT) Price Target Raised to $805.00

Spotify Technology (NYSE:SPOT) had its price target boosted by JPMorgan Chase & Co. from $740.00 to $805.00 in a research report report published on Monday,Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages also recently weighed in on SPOT. Cantor Fitzgerald boosted their price objective on Spotify Technology from $610.00 to $640.00 and gave the company a “neutral” rating in a research report on Wednesday, June 18th. Evercore ISI boosted their price objective on Spotify Technology from $650.00 to $750.00 and gave the company an “outperform” rating in a research report on Monday, June 16th. Sanford C. Bernstein boosted their price objective on Spotify Technology from $825.00 to $840.00 and gave the company an “outperform” rating in a research report on Tuesday, July 8th. Barclays lowered their price objective on Spotify Technology from $800.00 to $750.00 and set an “overweight” rating for the company in a research report on Wednesday, July 30th. Finally, Oppenheimer boosted their price objective on Spotify Technology from $750.00 to $825.00 and gave the company an “outperform” rating in a research report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $731.16.

Spotify Technology Price Performance

NYSE:SPOT opened at $702.00 on Monday. Spotify Technology has a 1-year low of $362.31 and a 1-year high of $785.00. The business has a 50 day moving average of $695.53 and a 200 day moving average of $662.76. The company has a market capitalization of $143.71 billion, a price-to-earnings ratio of 170.39, a PEG ratio of 3.00 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings data on Tuesday, July 29th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of $2.00 by ($2.42). Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The company had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the previous year, the firm posted $1.33 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Spotify Technology will post 10.3 EPS for the current year.

Institutional Investors Weigh In On Spotify Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Knuff & Co LLC purchased a new stake in Spotify Technology in the second quarter worth $27,000. Tsfg LLC purchased a new stake in Spotify Technology in the first quarter worth $28,000. Cornerstone Planning Group LLC grew its stake in Spotify Technology by 512.5% in the first quarter. Cornerstone Planning Group LLC now owns 49 shares of the company’s stock worth $29,000 after purchasing an additional 41 shares during the period. Total Investment Management Inc. purchased a new stake in Spotify Technology in the second quarter worth $29,000. Finally, North Star Investment Management Corp. grew its stake in Spotify Technology by 52.8% in the first quarter. North Star Investment Management Corp. now owns 55 shares of the company’s stock worth $30,000 after purchasing an additional 19 shares during the period. 84.09% of the stock is owned by hedge funds and other institutional investors.

About Spotify Technology

Spotify Technology SA, together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers.