Spotify Technology (NYSE:SPOT) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Spotify Technology (NYSE:SPOT) has received a consensus rating of "Moderate Buy" from 34 brokerages, with 21 analysts giving a buy rating and one issuing a strong buy rating.
• The average 12-month price target for Spotify shares is approximately $731.16, with various brokerages adjusting their price targets recently, reflecting optimistic projections.
• In its latest earnings report, Spotify missed analysts’ expectations, reporting a loss of ($0.42) earnings per share for the quarter, though it still reported revenue of $4.94 billion, exceeding estimates.

Shares of Spotify Technology (NYSE:SPOT - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the thirty-four brokerages that are presently covering the stock, Marketbeat.com reports. Twelve investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $731.1563.

A number of brokerages recently issued reports on SPOT. Weiss Ratings restated a "hold (c-)" rating on shares of Spotify Technology in a research note on Wednesday, October 8th. Barclays reduced their target price on shares of Spotify Technology from $800.00 to $750.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. UBS Group dropped their price target on shares of Spotify Technology from $895.00 to $850.00 and set a "buy" rating on the stock in a research note on Wednesday, July 30th. Sanford C. Bernstein raised their price objective on shares of Spotify Technology from $825.00 to $840.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Spotify Technology from $700.00 to $775.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd.

Institutional Trading of Spotify Technology

A number of institutional investors have recently added to or reduced their stakes in SPOT. Sapient Capital LLC bought a new stake in shares of Spotify Technology during the second quarter valued at about $322,000. Swedbank AB grew its stake in Spotify Technology by 1.4% during the first quarter. Swedbank AB now owns 959,587 shares of the company's stock valued at $527,802,000 after acquiring an additional 13,458 shares in the last quarter. Legacy Capital Group California Inc. grew its stake in Spotify Technology by 110.9% during the second quarter. Legacy Capital Group California Inc. now owns 3,896 shares of the company's stock valued at $2,990,000 after acquiring an additional 2,049 shares in the last quarter. Harbor Investment Advisory LLC increased its holdings in Spotify Technology by 36.0% during the 2nd quarter. Harbor Investment Advisory LLC now owns 2,054 shares of the company's stock worth $1,576,000 after acquiring an additional 544 shares during the period. Finally, Annex Advisory Services LLC lifted its stake in Spotify Technology by 56.9% in the 2nd quarter. Annex Advisory Services LLC now owns 53,984 shares of the company's stock worth $41,424,000 after purchasing an additional 19,577 shares in the last quarter. Hedge funds and other institutional investors own 84.09% of the company's stock.

Spotify Technology Trading Up 1.9%

Shares of NYSE SPOT opened at $688.54 on Wednesday. The stock has a fifty day simple moving average of $699.13 and a two-hundred day simple moving average of $673.70. Spotify Technology has a 1-year low of $376.00 and a 1-year high of $785.00. The firm has a market cap of $140.95 billion, a price-to-earnings ratio of 167.12, a price-to-earnings-growth ratio of 3.22 and a beta of 1.67.

Spotify Technology (NYSE:SPOT - Get Free Report) last issued 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). 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 quarter in the previous year, the firm earned $1.33 earnings per share. The business's quarterly revenue was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. Analysts forecast that Spotify Technology will post 10.3 EPS for the current 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.

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