Spotify Technology (NYSE:SPOT) Research Coverage Started at Argus

Argus assumed coverage on shares of Spotify Technology (NYSE:SPOT) in a report released on Monday morning, MarketBeat reports. The brokerage issued a buy rating and a $845.00 price objective on the stock.

A number of other equities research analysts have also issued reports on the stock. Citigroup increased 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. JPMorgan Chase & Co. increased their price objective on Spotify Technology from $740.00 to $805.00 and gave the company an “overweight” rating in a research note on Monday. The Goldman Sachs Group lifted their target price on Spotify Technology from $680.00 to $775.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. UBS Group lowered their target price on Spotify Technology from $895.00 to $850.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. Finally, KeyCorp reduced their price target on Spotify Technology from $860.00 to $830.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, Spotify Technology currently has a consensus rating of “Moderate Buy” and an average target price of $731.16.

Spotify Technology Trading Up 0.6%

SPOT opened at $702.00 on Monday. The stock’s 50-day moving average price is $695.53 and its 200 day moving average price is $662.76. Spotify Technology has a 12-month low of $362.31 and a 12-month high of $785.00. The firm has a market cap 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 released its earnings results 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). The firm had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The business’s revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Spotify Technology will post 10.3 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Park National Corp OH lifted its position in shares of Spotify Technology by 17.0% during the 3rd quarter. Park National Corp OH now owns 861 shares of the company’s stock worth $601,000 after buying an additional 125 shares during the last quarter. Vigilare Wealth Management raised its stake in Spotify Technology by 18.2% during the 3rd quarter. Vigilare Wealth Management now owns 690 shares of the company’s stock worth $482,000 after acquiring an additional 106 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in Spotify Technology by 29.5% in the second quarter. Valeo Financial Advisors LLC now owns 496 shares of the company’s stock valued at $381,000 after acquiring an additional 113 shares during the last quarter. American Trust acquired a new position in Spotify Technology in the second quarter valued at $358,000. Finally, Total Investment Management Inc. acquired a new position in Spotify Technology in the second quarter valued at $29,000. 84.09% of the stock is owned by institutional investors and hedge funds.

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.