JPMorgan Chase & Co. Issues Positive Forecast for Spotify Technology (NYSE:SPOT) Stock Price

Key Points

• JPMorgan Chase & Co. raised its target price for Spotify Technology (NYSE:SPOT) from $740.00 to $805.00, indicating a potential upside of 12.45% based on the stock's previous close.
• Oppenheimer also increased their target price for Spotify from $750.00 to $825.00, while Rosenblatt Securities lowered theirs from $703.00 to $679.00, showcasing a range of analyst outlooks on the stock.
• As of the latest reports, Spotify has a consensus rating of "Moderate Buy" with a target price average of $727.65, supported by significant interest from hedge funds and institutional investors.

Spotify Technology (NYSE:SPOT - Get Free Report) had its target price boosted by investment analysts at JPMorgan Chase & Co. from $740.00 to $805.00 in a report released on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price points to a potential upside of 12.45% from the stock's previous close.

Several other research analysts have also weighed in on SPOT. Oppenheimer upped their target price on shares of Spotify Technology from $750.00 to $825.00 and gave the stock an "outperform" rating in a research report on Monday, August 18th. Rosenblatt Securities cut their price target on Spotify Technology from $703.00 to $679.00 and set a "neutral" rating for the company in a research note on Wednesday, July 30th. BNP Paribas upgraded shares of Spotify Technology to a "strong-buy" rating in a report on Tuesday, September 16th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Spotify Technology from $700.00 to $775.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, KeyCorp lowered their price target on shares of Spotify Technology from $860.00 to $830.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $727.65.

Spotify Technology Stock Up 0.5%

Shares of NYSE:SPOT opened at $715.87 on Monday. Spotify Technology has a 52 week low of $362.31 and a 52 week high of $785.00. The company has a 50-day moving average price of $694.06 and a 200 day moving average price of $661.18. The company has a market cap of $146.55 billion, a P/E ratio of 173.76, a PEG ratio of 3.08 and a beta of 1.71.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($2.42). The business had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.29 billion. Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The business's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. Analysts expect that Spotify Technology will post 10.3 EPS for the current year.

Hedge Funds Weigh In On Spotify Technology

Several large investors have recently added to or reduced their stakes in SPOT. Sapient Capital LLC acquired a new position in shares of Spotify Technology during the 2nd quarter valued at about $322,000. Legacy Capital Group California Inc. grew its holdings in Spotify Technology by 110.9% in the second quarter. Legacy Capital Group California Inc. now owns 3,896 shares of the company's stock valued at $2,990,000 after purchasing an additional 2,049 shares during the period. Swedbank AB increased its position in Spotify Technology by 1.4% during the first quarter. Swedbank AB now owns 959,587 shares of the company's stock worth $527,802,000 after purchasing an additional 13,458 shares during the last quarter. Harbor Investment Advisory LLC raised its stake in Spotify Technology by 36.0% during the second quarter. Harbor Investment Advisory LLC now owns 2,054 shares of the company's stock worth $1,576,000 after purchasing an additional 544 shares during the period. Finally, Integrated Wealth Concepts LLC raised its stake in Spotify Technology by 39.8% during the first quarter. Integrated Wealth Concepts LLC now owns 2,702 shares of the company's stock worth $1,486,000 after purchasing an additional 769 shares during the period. 84.09% of the stock is currently owned by hedge funds and other institutional investors.

About Spotify Technology

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.

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