Spotify Technology (NYSE:SPOT) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Spotify Technology (NYSE:SPOT) have earned an average rating of “Moderate Buy” from the thirty-four research firms that are currently covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $703.8710.

SPOT has been the topic of several analyst reports. Citigroup upgraded shares of Spotify Technology from a “neutral” rating to a “buy” rating and set a $650.00 price target on the stock in a research report on Friday, January 30th. Arete Research raised shares of Spotify Technology from a “neutral” rating to a “buy” rating and set a $586.00 price objective for the company in a research note on Thursday, February 26th. Sanford C. Bernstein cut their target price on shares of Spotify Technology from $830.00 to $650.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 14th. The Goldman Sachs Group raised Spotify Technology from a “neutral” rating to a “buy” rating and decreased their price target for the company from $735.00 to $700.00 in a research note on Friday, January 23rd. Finally, Guggenheim dropped their price target on Spotify Technology from $720.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th.

Institutional Trading of Spotify Technology

Several hedge funds have recently added to or reduced their stakes in the stock. Sivia Capital Partners LLC bought a new stake in shares of Spotify Technology during the 2nd quarter valued at $312,000. Intech Investment Management LLC raised its holdings in Spotify Technology by 44.5% during the 2nd quarter. Intech Investment Management LLC now owns 1,845 shares of the company’s stock valued at $1,416,000 after buying an additional 568 shares during the last quarter. Kingsview Wealth Management LLC bought a new position in shares of Spotify Technology during the second quarter valued at about $339,000. Handelsbanken Fonder AB increased its position in Spotify Technology by 134.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 161,559 shares of the company’s stock valued at $123,971,000 after purchasing an additional 92,700 shares during the period. Finally, Marsico Capital Management LLC boosted its stake in shares of Spotify Technology by 6.3% during the 2nd quarter. Marsico Capital Management LLC now owns 124,690 shares of the company’s stock valued at $95,680,000 after purchasing an additional 7,416 shares in the last quarter. Institutional investors own 84.09% of the company’s stock.

More Spotify Technology News

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

• Positive Sentiment: Jefferies says Spotify could see upside estimate revisions ahead of earnings, citing near‑term catalysts (Q1 results, analyst day) that could re‑accelerate sentiment. Spotify seen poised for upside revisions ahead of earnings, Jefferies says
• Positive Sentiment: Spotify rolled out several audio and UX improvements — a new Exclusive Mode for bit‑perfect desktop playback and other audiophile features that improve perceived product quality and could help retention among higher‑value listeners. Spotify has a new Exclusive Mode to please audiophile ears with bit-perfect playback
• Positive Sentiment: Additional product updates include improved desktop hi‑fi support and a refreshed Wear OS app with a new interface and gesture controls — incremental UX wins that support engagement and monetization over time. Spotify updates Wear OS app with new interface and gesture controls
• Neutral Sentiment: Sector context — Tencent Music plunged after weaker subscription revenue and less metric disclosure; this raises regional/competitive questions for music streaming growth dynamics but is not a direct Spotify result. Why Tencent Music Entertainment Plunged Almost 30% This Week
• Negative Sentiment: Investor sentiment cooled after publications pointed to analyst downgrades and a newly posted Form 144 (report of proposed sale of securities), which can signal near‑term selling pressure and increase supply risk. That filing and recent cautious research notes are a primary driver behind the intraday weakness. Spotify falls 5% as sentiment cools after recent downgrades and a proposed share-sale filing
• Negative Sentiment: A recent glitch caused some Premium subscribers to hear ads; Spotify has responded, but such reliability issues can dent trust and invite short‑term churn concerns among paid users. Spotify responds to glitch that caused Premium subscribers to hear ads

Spotify Technology Stock Performance

Shares of Spotify Technology stock opened at $477.34 on Friday. The firm has a 50-day moving average of $496.31 and a 200-day moving average of $589.70. Spotify Technology has a 52-week low of $405.00 and a 52-week high of $785.00. The stock has a market cap of $98.28 billion, a PE ratio of 49.52, a PEG ratio of 1.06 and a beta of 1.66.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings results on Tuesday, February 10th. The company reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $3.16 by $2.00. The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.14 billion. Spotify Technology had a net margin of 13.16% and a return on equity of 31.35%. Spotify Technology’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned $1.88 earnings per share. Equities research analysts predict that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

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.