UBS Group Cuts Spotify Technology (NYSE:SPOT) Price Target to $800.00

Spotify Technology (NYSE:SPOT) had its price target trimmed by UBS Group from $850.00 to $800.00 in a report released on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Spotify Technology in a research report on Monday, December 29th. DZ Bank upgraded Spotify Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Barclays lowered their price objective on Spotify Technology from $750.00 to $700.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. JPMorgan Chase & Co. lifted their price objective on Spotify Technology from $740.00 to $805.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Finally, The Goldman Sachs Group cut Spotify Technology from a “buy” rating to a “neutral” rating and upped their target price for the company from $765.00 to $770.00 in a report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $754.90.

Spotify Technology Price Performance

NYSE:SPOT opened at $539.15 on Friday. Spotify Technology has a one year low of $451.43 and a one year high of $785.00. The company has a market cap of $111.01 billion, a PE ratio of 84.77, a P/E/G ratio of 0.97 and a beta of 1.66. The firm’s 50 day simple moving average is $593.15 and its 200 day simple moving average is $659.44.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $1.96. The firm had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $4.23 billion. Spotify Technology had a net margin of 8.46% and a return on equity of 21.68%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.45 EPS. Equities research analysts expect that Spotify Technology will post 10.3 EPS for the current year.

Hedge Funds Weigh In On Spotify Technology

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Spotify Technology in the 2nd quarter valued at $768,915,000. Capital World Investors grew its holdings in Spotify Technology by 40.7% in the third quarter. Capital World Investors now owns 2,730,713 shares of the company’s stock worth $1,906,260,000 after purchasing an additional 789,755 shares during the period. Capital Research Global Investors acquired a new stake in Spotify Technology in the third quarter worth $512,190,000. Principal Financial Group Inc. increased its stake in Spotify Technology by 3,534.9% in the third quarter. Principal Financial Group Inc. now owns 571,474 shares of the company’s stock valued at $398,889,000 after purchasing an additional 555,752 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in Spotify Technology by 22.7% in the second quarter. Fisher Asset Management LLC now owns 2,489,013 shares of the company’s stock valued at $1,909,920,000 after purchasing an additional 460,115 shares in the last quarter. 84.09% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Spotify Technology

Here are the key news stories impacting Spotify Technology this week:

• Positive Sentiment: Spotify launched social features — “Listening Activity” and “Request to Jam” — designed to boost real-time sharing and collaboration, which could increase user engagement and retention. Spotify Adds ‘Listening Activity’ and ‘Request to Jam’ features: Here’s how they work
• Positive Sentiment: Spotify lowered criteria for video podcast monetization, broadening creator eligibility — this can expand creator supply and ad/subscription monetization opportunities. Spotify lowers criteria for video podcast monetisation. Check eligibility
• Neutral Sentiment: UBS trimmed its price target from $850 to $800 but kept a Buy rating — still implies significant upside, softening the negative impact of the cut. Benzinga
• Neutral Sentiment: Guggenheim reduced its target to $750 (from $800) while maintaining a Buy — another moderation of expectations rather than a downgrade. Benzinga
• Neutral Sentiment: Analyst-coverage summaries show mixed views across firms; useful to watch consensus revisions for guidance on future price moves. Where Spotify Technology Stands With Analysts
• Negative Sentiment: Cantor Fitzgerald cut its price target from $675 to $615 and moved to a Neutral rating — a clear downgrade signal that likely contributed to downward pressure on the stock. Benzinga

Spotify Technology Company Profile

Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.