Spotify Technology (NYSE:SPOT) Receives Average Recommendation of “Moderate Buy” from Analysts

Spotify Technology (NYSE:SPOT) has received an average recommendation of “Moderate Buy” from the thirty-four analysts that are covering the firm, MarketBeat.com reports. Twelve investment analysts have rated the stock with a hold recommendation, twenty-one have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $731.1563.

A number of analysts recently issued reports on SPOT shares. Bank of America increased their target price on Spotify Technology from $700.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, June 26th. Citigroup increased their target price on Spotify Technology from $715.00 to $750.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 9th. JPMorgan Chase & Co. increased their target price on Spotify Technology from $740.00 to $805.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. BNP Paribas Exane started coverage on shares of Spotify Technology in a research note on Tuesday, September 16th. They set an “outperform” rating and a $900.00 price target for the company. Finally, Oppenheimer raised their price target on shares of Spotify Technology from $750.00 to $825.00 and gave the stock an “outperform” rating in a research note on Monday, August 18th.

Hedge Funds Weigh In On Spotify Technology

Several hedge funds have recently made changes to their positions in SPOT. Lansforsakringar Fondforvaltning AB publ bought a new position in shares of Spotify Technology during the 4th quarter worth approximately $633,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Spotify Technology by 16.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 670 shares of the company’s stock valued at $369,000 after buying an additional 96 shares in the last quarter. Central Pacific Bank Trust Division grew its stake in shares of Spotify Technology by 34.2% in the first quarter. Central Pacific Bank Trust Division now owns 2,869 shares of the company’s stock valued at $1,578,000 after buying an additional 731 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Spotify Technology by 336.7% in the first quarter. Versant Capital Management Inc now owns 655 shares of the company’s stock valued at $360,000 after buying an additional 505 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Spotify Technology by 75,856.5% in the first quarter. GAMMA Investing LLC now owns 717,789 shares of the company’s stock valued at $394,805,000 after buying an additional 716,844 shares in the last quarter. 84.09% of the stock is owned by institutional investors.

Spotify Technology Stock Performance

NYSE SPOT opened at $681.46 on Friday. The business has a 50 day simple moving average of $695.85 and a 200 day simple moving average of $664.29. Spotify Technology has a 52-week low of $362.31 and a 52-week high of $785.00. The stock has a market cap of $139.50 billion, a price-to-earnings ratio of 165.40, a PEG ratio of 3.35 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last posted its earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($2.42). Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The business had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the previous year, the company posted $1.33 earnings per share. Spotify Technology’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. On average, analysts predict that Spotify Technology will post 10.3 EPS for the current year.

Spotify Technology Company Profile

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.