Spotify Technology (NYSE:SPOT) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Spotify Technology has received an average recommendation of "Moderate Buy" from thirty analysts, with a 12-month price objective averaging approximately $720.07.
• In its latest quarterly earnings report, Spotify missed EPS estimates, reporting ($0.42) compared to expectations of $2.00, but its revenue of $4.94 billion surpassed the consensus estimate.
• Analysts have repeatedly raised their price targets for Spotify, with Oppenheimer setting a new target at $825.00 and Guggenheim recommending a buy with a target of $850.00.

Shares of Spotify Technology (NYSE:SPOT - Get Free Report) have been given an average recommendation of "Moderate Buy" by the thirty analysts that are currently covering the firm, MarketBeat.com reports. Ten analysts have rated the stock with a hold recommendation and twenty have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $720.0667.

Several equities analysts recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of Spotify Technology from $740.00 to $750.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Oppenheimer increased their price target on shares of Spotify Technology from $750.00 to $825.00 and gave the company an "outperform" rating in a research report on Monday, August 18th. Sanford C. Bernstein increased their price target on shares of Spotify Technology from $825.00 to $840.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. Evercore ISI increased their price target on shares of Spotify Technology from $650.00 to $750.00 and gave the company an "outperform" rating in a research report on Monday, June 16th. Finally, Guggenheim increased their price target on shares of Spotify Technology from $800.00 to $850.00 and gave the company a "buy" rating in a research report on Monday, August 18th.

Spotify Technology Stock Performance

Spotify Technology stock opened at $683.19 on Tuesday. Spotify Technology has a fifty-two week low of $319.07 and a fifty-two week high of $785.00. The firm's 50-day simple moving average is $700.51 and its 200 day simple moving average is $644.06. The stock has a market cap of $139.85 billion, a PE ratio of 165.82, a price-to-earnings-growth ratio of 2.93 and a beta of 1.71.

Spotify Technology (NYSE:SPOT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.00 by ($2.42). Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.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 previous year, the company posted $1.33 earnings per share. The company's revenue for the quarter was up 10.1% on a year-over-year basis. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, analysts predict that Spotify Technology will post 10.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Spotify Technology

Several institutional investors have recently added to or reduced their stakes in SPOT. Benjamin Edwards Inc. lifted its holdings in Spotify Technology by 29.7% during the fourth quarter. Benjamin Edwards Inc. now owns 5,672 shares of the company's stock valued at $2,538,000 after purchasing an additional 1,298 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in Spotify Technology by 1.5% during the fourth quarter. Baird Financial Group Inc. now owns 26,668 shares of the company's stock valued at $11,931,000 after purchasing an additional 404 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in Spotify Technology during the fourth quarter valued at about $13,810,000. Captrust Financial Advisors lifted its holdings in Spotify Technology by 4.4% during the fourth quarter. Captrust Financial Advisors now owns 43,630 shares of the company's stock valued at $19,519,000 after purchasing an additional 1,825 shares during the last quarter. Finally, Cercano Management LLC lifted its holdings in Spotify Technology by 28.7% during the fourth quarter. Cercano Management LLC now owns 1,347 shares of the company's stock valued at $603,000 after purchasing an additional 300 shares during the last quarter. 84.09% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.