Spotify Technology (NYSE:SPOT) Stock Price Expected to Rise, Oppenheimer Analyst Says

Spotify Technology (NYSE:SPOT) had its price target upped by equities researchers at Oppenheimer from $550.00 to $650.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer‘s price objective indicates a potential upside of 11.07% from the stock’s previous close.

A number of other research firms have also commented on SPOT. Argus reissued a “buy” rating and issued a $600.00 price objective on shares of Spotify Technology in a research note on Thursday, August 13th. Stonex Financia downgraded shares of Spotify Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 14th. JPMorgan Chase & Co. upped their price target on shares of Spotify Technology from $650.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday. Morgan Stanley increased their price objective on shares of Spotify Technology from $610.00 to $640.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Finally, Wall Street Zen cut shares of Spotify Technology from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Spotify Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $618.00.

Spotify Technology Price Performance

Shares of SPOT traded up $1.56 on Friday, hitting $585.22. The company’s stock had a trading volume of 1,311,981 shares, compared to its average volume of 2,199,623. The company has a market capitalization of $120.49 billion, a PE ratio of 36.40, a PEG ratio of 1.63 and a beta of 1.61. Spotify Technology has a fifty-two week low of $405.00 and a fifty-two week high of $676.67. The company has a 50 day moving average price of $525.20 and a 200 day moving average price of $497.27.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings results on Tuesday, August 4th. The company reported $3.03 EPS for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.13). Spotify Technology had a return on equity of 41.39% and a net margin of 18.44%. The business had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter last year, the company earned ($0.42) earnings per share. The firm’s revenue was up 13.9% on a year-over-year basis. On average, equities analysts forecast that Spotify Technology will post 13.66 EPS for the current year.

Insider Buying and Selling at Spotify Technology

In other news, CEO Alex Norström sold 5,436 shares of Spotify Technology stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $502.10, for a total value of $2,729,415.60. Following the completion of the sale, the chief executive officer directly owned 66,773 shares of the company’s stock, valued at approximately $33,526,723.30. This trade represents a 7.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gustav Söderström sold 20,913 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $544.19, for a total value of $11,380,645.47. Following the sale, the chief executive officer owned 20,025 shares of the company’s stock, valued at approximately $10,897,404.75. The trade was a 51.08% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 68,092 shares of company stock worth $35,762,410. Company insiders own 0.40% of the company’s stock.

Institutional Trading of Spotify Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised its holdings in Spotify Technology by 20.1% during the 1st quarter. Janus Henderson Group PLC now owns 1,711,015 shares of the company’s stock worth $829,641,000 after purchasing an additional 286,844 shares during the last quarter. Tiger Global Management LLC lifted its position in Spotify Technology by 25.3% during the 1st quarter. Tiger Global Management LLC now owns 1,580,761 shares of the company’s stock valued at $766,527,000 after purchasing an additional 319,300 shares during the period. Amundi boosted its stake in shares of Spotify Technology by 20.0% in the 1st quarter. Amundi now owns 1,104,484 shares of the company’s stock valued at $535,575,000 after purchasing an additional 183,994 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Spotify Technology by 53.4% in the 1st quarter. Principal Financial Group Inc. now owns 989,667 shares of the company’s stock valued at $479,899,000 after purchasing an additional 344,471 shares during the last quarter. Finally, Sei Investments Co. grew its position in shares of Spotify Technology by 1.8% during the 1st quarter. Sei Investments Co. now owns 749,495 shares of the company’s stock worth $363,415,000 after buying an additional 13,381 shares during the period. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Spotify Technology News Roundup

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

• Positive Sentiment: Spotify reported 306 million premium subscribers, up 9% year over year and one million above guidance. Monthly active users rose 11% to 788 million, with growth across all regions. Spotify Stock Surges on Q3 Subscriber Beat And Bullish Forecast
• Positive Sentiment: Revenue increased approximately 16% year over year to €4.97 billion, while gross margin expanded to 33% and operating income exceeded company guidance. Spotify expects further margin improvement as expense growth moderates. Spotify revenue rises 16% as subscribers and margins improve
• Positive Sentiment: Management highlighted advertising recovery, AI-powered personalization through its “taste model,” audiobooks and AI-agent integrations as potential growth drivers. The company said AI is helping accelerate product launches without increasing headcount significantly. Spotify Q3 Earnings Call Highlights Ad Recovery and Cost Control
• Positive Sentiment: Several analysts raised their price targets following the results, including Wells Fargo to $660, Barclays and Guggenheim to $650, and Citizens JMP to $625, generally maintaining bullish ratings. Spotify Analysts Raise Their Forecasts Following Q3 Earnings
• Neutral Sentiment: Spotify guided to roughly $6.0 billion of fourth-quarter revenue, broadly matching consensus. It also expects approximately 818 million MAUs and 316 million premium subscribers, implying continued growth.
• Negative Sentiment: Quarterly EPS missed analyst expectations, and revenue was slightly below estimates. The earnings shortfall contrasts with the strong subscriber performance and could limit near-term upside. Spotify Q3 Earnings Miss Estimates
• Negative Sentiment: Not all analysts turned bullish: TD Cowen reaffirmed a Hold rating with a $525 target, while Cantor Fitzgerald maintained Neutral with a $550 target, both below the prevailing share price. TD Cowen Spotify Rating

Spotify Technology Company Profile

Spotify Technology SA is an audio streaming company that operates the Spotify platform, offering users access to music, podcasts and audiobooks through internet-connected devices. Its catalog includes licensed recordings from music labels and artists, as well as podcasts and other audio content from creators and publishers.

Spotify provides both an ad-supported service and subscription-based Premium plans. Premium subscribers generally receive ad-free listening and additional features, while the advertising-supported service allows users to access content without a paid subscription.