Investment Analysts’ Weekly Ratings Updates for Spotify Technology (SPOT)

Several brokerages have updated their recommendations and price targets on shares of Spotify Technology (NYSE: SPOT) in the last few weeks:

• 1/31/2025 – Spotify Technology had its price target raised by analysts at KeyCorp from $555.00 to $600.00. They now have an “overweight” rating on the stock.
• 1/30/2025 – Spotify Technology had its price target raised by analysts at Macquarie from $500.00 to $600.00. They now have an “outperform” rating on the stock.
• 1/28/2025 – Spotify Technology had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $480.00 price target on the stock, down previously from $490.00.
• 1/17/2025 – Spotify Technology had its “peer perform” rating reaffirmed by analysts at Wolfe Research.
• 1/16/2025 – Spotify Technology had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $520.00 price target on the stock.
• 1/15/2025 – Spotify Technology had its price target raised by analysts at UBS Group AG from $485.00 to $540.00. They now have a “buy” rating on the stock.
• 1/10/2025 – Spotify Technology had its price target raised by analysts at KeyCorp from $520.00 to $555.00. They now have an “overweight” rating on the stock.
• 1/8/2025 – Spotify Technology had its price target raised by analysts at The Goldman Sachs Group, Inc. from $490.00 to $550.00. They now have a “buy” rating on the stock.

Spotify Technology Stock Up 0.2 %

NYSE SPOT opened at $549.45 on Tuesday. Spotify Technology S.A. has a 52 week low of $219.36 and a 52 week high of $560.36. The firm has a market capitalization of $109.37 billion, a price-to-earnings ratio of 149.31 and a beta of 1.62. The company has a fifty day moving average of $480.71 and a two-hundred day moving average of $405.25.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings data on Tuesday, November 12th. The company reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.30). Spotify Technology had a net margin of 4.66% and a return on equity of 19.07%. The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter in the prior year, the business posted $0.36 earnings per share. Spotify Technology’s revenue for the quarter was up 18.8% on a year-over-year basis. Equities research analysts anticipate that Spotify Technology S.A. will post 5.91 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPOT. Prestige Wealth Management Group LLC acquired a new stake in shares of Spotify Technology in the 3rd quarter valued at $26,000. Hobbs Group Advisors LLC purchased a new stake in shares of Spotify Technology in the 3rd quarter valued at about $33,000. Larson Financial Group LLC grew its stake in Spotify Technology by 51.6% during the 3rd quarter. Larson Financial Group LLC now owns 97 shares of the company’s stock worth $36,000 after buying an additional 33 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Spotify Technology in the third quarter valued at approximately $40,000. Finally, Rakuten Securities Inc. boosted its holdings in shares of Spotify Technology by 40.5% in the third quarter. Rakuten Securities Inc. now owns 111 shares of the company’s stock valued at $41,000 after acquiring an additional 32 shares during the period. Hedge funds and other institutional investors own 84.09% of the company’s stock.

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.