Spotify Technology (NYSE:SPOT) Stock Rating Upgraded by Phillip Securities

Spotify Technology (NYSE:SPOT) was upgraded by equities research analysts at Phillip Securities from a “hold” rating to a “moderate buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities analysts also recently commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Spotify Technology in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Spotify Technology from $700.00 to $775.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. BNP Paribas Exane began coverage on Spotify Technology in a report on Tuesday, September 16th. They set an “outperform” rating and a $900.00 price target for the company. DZ Bank raised Spotify Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Finally, Wells Fargo & Company raised their target price on shares of Spotify Technology from $740.00 to $750.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $729.94.

Spotify Technology Stock Up 2.7%

NYSE:SPOT opened at $640.05 on Monday. The business’s 50-day simple moving average is $682.87 and its two-hundred day simple moving average is $683.83. Spotify Technology has a 52 week low of $411.40 and a 52 week high of $785.00. The stock has a market cap of $131.78 billion, a PE ratio of 100.64, a P/E/G ratio of 2.06 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings data on Tuesday, November 4th. The company reported $3.83 earnings per share 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 analyst estimates of $4.23 billion. During the same quarter in the prior year, the company posted $1.45 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Spotify Technology has set its Q4 2025 guidance at EPS. Sell-side analysts anticipate that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Institutional Trading of Spotify Technology

A number of institutional investors have recently bought and sold shares of the stock. Allworth Financial LP raised its stake in shares of Spotify Technology by 9.9% in the first quarter. Allworth Financial LP now owns 409 shares of the company’s stock valued at $248,000 after acquiring an additional 37 shares during the period. Schechter Investment Advisors LLC bought a new position in Spotify Technology during the 1st quarter valued at about $386,000. Sigma Planning Corp lifted its stake in Spotify Technology by 5.5% in the first quarter. Sigma Planning Corp now owns 1,017 shares of the company’s stock worth $559,000 after purchasing an additional 53 shares during the last quarter. Apollon Wealth Management LLC bought a new stake in Spotify Technology in the first quarter worth about $892,000. Finally, Whittier Trust Co. grew its stake in shares of Spotify Technology by 11.7% during the first quarter. Whittier Trust Co. now owns 3,523 shares of the company’s stock valued at $1,938,000 after buying an additional 370 shares during the last quarter. 84.09% of the stock is currently owned by institutional investors.

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.