Spotify Technology (SPOT) Scheduled to Post Earnings on Tuesday

Spotify Technology (NYSE:SPOT) is set to release its earnings data after the market closes on Tuesday, November 12th. Analysts expect Spotify Technology to post earnings of $1.74 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Spotify Technology Trading Up 0.2 %

NYSE SPOT opened at $400.68 on Friday. The stock has a market capitalization of $79.76 billion, a price-to-earnings ratio of 163.54 and a beta of 1.56. Spotify Technology has a 52 week low of $167.64 and a 52 week high of $405.93. The stock’s 50 day moving average price is $366.54 and its two-hundred day moving average price is $332.40. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.56 and a current ratio of 1.56.

Analyst Ratings Changes

Several research firms have issued reports on SPOT. DZ Bank upgraded Spotify Technology from a “hold” rating to a “buy” rating and set a $375.00 price objective on the stock in a research note on Wednesday, July 24th. Barclays lifted their price objective on shares of Spotify Technology from $350.00 to $360.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. increased their price objective on shares of Spotify Technology from $375.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group raised shares of Spotify Technology from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $320.00 to $425.00 in a report on Wednesday, July 24th. Finally, Rosenblatt Securities upped their price target on shares of Spotify Technology from $399.00 to $438.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $379.79.

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.