KeyCorp Lowers Spotify Technology (NYSE:SPOT) Price Target to $720.00

Spotify Technology (NYSE:SPOT) had its target price dropped by KeyCorp from $830.00 to $720.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s target price points to a potential upside of 51.21% from the stock’s current price.

SPOT has been the subject of a number of other reports. UBS Group lowered their price objective on Spotify Technology from $850.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, January 9th. Wells Fargo & Company lowered their price target on shares of Spotify Technology from $750.00 to $710.00 and set an “overweight” rating for the company in a research report on Tuesday, January 13th. Cantor Fitzgerald cut their price objective on shares of Spotify Technology from $675.00 to $615.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. DZ Bank raised shares of Spotify Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Finally, Benchmark dropped their price target on shares of Spotify Technology from $860.00 to $760.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Spotify Technology presently has an average rating of “Moderate Buy” and a consensus price target of $724.16.

Spotify Technology Stock Up 14.8%

Shares of NYSE SPOT opened at $476.16 on Monday. The firm’s 50-day moving average price is $539.52 and its two-hundred day moving average price is $624.59. Spotify Technology has a 52-week low of $405.00 and a 52-week high of $785.00. The stock has a market capitalization of $98.04 billion, a P/E ratio of 74.87, a P/E/G ratio of 0.78 and a beta of 1.66.

Spotify Technology (NYSE:SPOT) last posted its earnings results on Tuesday, February 10th. The company reported $5.16 EPS for the quarter, beating the consensus estimate of $3.16 by $2.00. The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.14 billion. Spotify Technology had a return on equity of 21.68% and a net margin of 8.46%.The business’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.88 earnings per share. As a group, equities research analysts expect that Spotify Technology will post 10.3 earnings per share for the current year.

Institutional Investors Weigh In On Spotify Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Spotify Technology during the 3rd quarter valued at $26,000. Knuff & Co LLC acquired a new stake in shares of Spotify Technology in the second quarter valued at $27,000. Heartwood Wealth Advisors LLC bought a new position in Spotify Technology during the third quarter valued at about $27,000. Greykasell Wealth Strategies Inc. grew its holdings in Spotify Technology by 3,800.0% during the third quarter. Greykasell Wealth Strategies Inc. now owns 39 shares of the company’s stock worth $27,000 after acquiring an additional 38 shares during the period. Finally, Total Investment Management Inc. acquired a new position in Spotify Technology during the second quarter worth about $29,000. Institutional investors own 84.09% of the company’s stock.

Key Spotify Technology News

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

• Positive Sentiment: Q4 results beat expectations — strong EPS, revenue and margin expansion driven by subscriber growth and pricing power; management raised near‑term profit guidance, which underpins the rally. Reuters: Spotify expects profit above estimates
• Positive Sentiment: Record user additions — Spotify said MAUs reached ~750–751M and added ~38M in the quarter, with paid subscribers at ~290M; the scale improvement supports higher ARPU and ad monetization potential. Thurrott: Spotify Has Over 750 Million Users
• Positive Sentiment: New product pipeline — Spotify is pushing AI “derivatives” (fan remixes/covers) and other creator tools as potential new revenue streams for artists and the platform, which investors view as upside beyond subscriptions and ads. Music Business Worldwide: Spotify eyes AI ‘derivatives’
• Positive Sentiment: Market reaction and sentiment shift — analysts and investors reacted positively to the beat and guidance (pre‑market/early trading pops), as the quarter addresses the valuation reset from earlier in the year. CNBC: Spotify pops on strong user growth, earnings beat
• Neutral Sentiment: Leadership updates and strategy comments — management highlighted 2026 as a year to “raise ambition” and reallocate responsibilities (founder role change), which is notable but not immediately directional for cash flow. MSN: Spotify adds record monthly users; co‑CEO comments
• Neutral Sentiment: Analyst target resets — some firms trimmed price targets (e.g., KeyCorp), but many analysts retain Buy ratings; that reduces near‑term upside surprise but leaves room if growth continues. TickerReport/Benzinga: KeyCorp lowers Spotify price target
• Negative Sentiment: Advertising revenue remains a weak spot this quarter — while subscriptions surged, ad growth lagged, leaving some investors cautious about the full monetization story. MSN: Why SPOT remained down despite earnings
• Negative Sentiment: Large prior sell‑off and valuation questions — SPOT entered the quarter with a big YTD decline and a stretched multiple vs. near‑term comps for some investors, so durability of the rally will depend on sustained ad recovery and execution on new products. Forbes: Spotify rallies after record user growth

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.