Spotify Technology (NYSE:SPOT) Receives $726.84 Consensus Price Target from Brokerages

Shares of Spotify Technology (NYSE:SPOT) have been assigned a consensus rating of “Moderate Buy” from the thirty-four brokerages that are currently covering the company, Marketbeat Ratings reports. Twelve investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $731.1563.

SPOT has been the subject of several research reports. Guggenheim reaffirmed a “buy” rating and set a $850.00 price target on shares of Spotify Technology in a report on Wednesday, September 3rd. JPMorgan Chase & Co. raised their price target on Spotify Technology from $740.00 to $805.00 and gave the company an “overweight” rating in a report on Monday, September 29th. BNP Paribas Exane initiated coverage on Spotify Technology in a report on Tuesday, September 16th. They set an “outperform” rating and a $900.00 price target for the company. Phillip Securities raised Spotify Technology from a “moderate sell” rating to a “hold” rating in a report on Monday, August 4th. Finally, Sanford C. Bernstein raised their price target on Spotify Technology from $825.00 to $840.00 and gave the company an “outperform” rating in a report on Tuesday, July 8th.

Institutional Investors Weigh In On Spotify Technology

Hedge funds and other institutional investors have recently modified their holdings of the company. Knuff & Co LLC acquired a new stake in shares of Spotify Technology during the second quarter worth $27,000. Total Investment Management Inc. acquired a new stake in shares of Spotify Technology during the second quarter worth $29,000. Sound Income Strategies LLC lifted its holdings in shares of Spotify Technology by 156.3% during the second quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock worth $31,000 after buying an additional 25 shares in the last quarter. GFG Capital LLC acquired a new stake in shares of Spotify Technology during the second quarter worth $33,000. Finally, Cornerstone Planning Group LLC increased its position in shares of Spotify Technology by 512.5% in the first quarter. Cornerstone Planning Group LLC now owns 49 shares of the company’s stock worth $29,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 84.09% of the company’s stock.

Spotify Technology Trading Down 3.7%

NYSE:SPOT opened at $681.46 on Friday. Spotify Technology has a 1-year low of $362.31 and a 1-year high of $785.00. The firm has a fifty day simple moving average of $695.85 and a 200 day simple moving average of $664.29. The stock has a market capitalization of $139.50 billion, a PE ratio of 165.40, a P/E/G ratio of 3.35 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last released its earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of $2.00 by ($2.42). Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The firm had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the business posted $1.33 earnings per share. Spotify Technology’s quarterly revenue was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

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.