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

Shares of Spotify Technology (NYSE:SPOT) have received an average recommendation of “Moderate Buy” from the thirty-two analysts that are currently covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $758.8621.

Several research analysts recently commented on SPOT shares. Citigroup lifted their target price on shares of Spotify Technology from $715.00 to $750.00 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. BNP Paribas Exane initiated coverage on Spotify Technology in a research report on Tuesday, September 16th. They issued an “outperform” rating and a $900.00 price target on the stock. Phillip Securities raised Spotify Technology from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 10th. UBS Group reduced their price target on shares of Spotify Technology from $895.00 to $850.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. Finally, Argus began coverage on shares of Spotify Technology in a research report on Monday, September 29th. They issued a “buy” rating and a $845.00 price target on the stock.

Institutional Investors Weigh In On Spotify Technology

Institutional investors have recently added to or reduced their stakes in the company. Joel Isaacson & Co. LLC grew its holdings in shares of Spotify Technology by 1.0% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 1,551 shares of the company’s stock worth $1,190,000 after purchasing an additional 15 shares in the last quarter. Ignite Planners LLC increased its holdings in Spotify Technology by 2.4% in the 2nd quarter. Ignite Planners LLC now owns 637 shares of the company’s stock valued at $489,000 after buying an additional 15 shares during the period. Hartford Investment Management Co. raised its stake in shares of Spotify Technology by 1.1% in the 1st quarter. Hartford Investment Management Co. now owns 1,449 shares of the company’s stock valued at $797,000 after buying an additional 16 shares in the last quarter. Stonekeep Investments LLC raised its stake in shares of Spotify Technology by 2.1% in the 2nd quarter. Stonekeep Investments LLC now owns 773 shares of the company’s stock valued at $593,000 after buying an additional 16 shares in the last quarter. Finally, Moody National Bank Trust Division lifted its holdings in shares of Spotify Technology by 0.5% during the 2nd quarter. Moody National Bank Trust Division now owns 2,931 shares of the company’s stock worth $2,249,000 after acquiring an additional 16 shares during the period. 84.09% of the stock is owned by institutional investors and hedge funds.

Spotify Technology Stock Performance

Shares of NYSE SPOT opened at $583.47 on Friday. The business’s 50-day simple moving average is $670.04 and its 200-day simple moving average is $683.89. Spotify Technology has a 52 week low of $443.21 and a 52 week high of $785.00. The firm has a market cap of $120.13 billion, a price-to-earnings ratio of 91.74, a P/E/G ratio of 1.93 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last announced its earnings results on Tuesday, November 4th. The company reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $1.96. Spotify Technology had a return on equity of 21.68% and a net margin of 8.46%.The firm had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.23 billion. During the same quarter in the prior year, the business earned $1.45 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. Spotify Technology has set its Q4 2025 guidance at EPS. As a group, equities research analysts forecast that Spotify Technology will post 10.3 earnings per share 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.