Spotify Technology (NYSE:SPOT) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Spotify Technology has received a consensus rating of "Moderate Buy" from 32 brokerages, with 21 analysts assigning a buy rating and one a strong buy rating.
• The average target price for Spotify shares is set at $726.84, with significant price adjustments from institutions like Goldman Sachs and Morgan Stanley.
• Spotify reported a $0.42 loss per share in its latest quarterly earnings, missing estimates, while its revenue climbed to $4.94 billion, exceeding expectations.

Spotify Technology (NYSE:SPOT - Get Free Report) has earned an average rating of "Moderate Buy" from the thirty-two brokerages that are covering the company, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $726.8387.

SPOT has been the subject of a number of recent research reports. The Goldman Sachs Group increased their price objective on Spotify Technology from $680.00 to $775.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Morgan Stanley reduced their target price on shares of Spotify Technology from $850.00 to $800.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Rosenblatt Securities cut their price target on shares of Spotify Technology from $703.00 to $679.00 and set a "neutral" rating for the company in a research note on Wednesday, July 30th. Wells Fargo & Company raised their price objective on shares of Spotify Technology from $740.00 to $750.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Finally, KeyCorp lowered their price target on shares of Spotify Technology from $860.00 to $830.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th.

Institutional Investors Weigh In On Spotify Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPOT. Sapient Capital LLC bought a new stake in Spotify Technology in the 2nd quarter valued at about $322,000. Legacy Capital Group California Inc. increased its position in Spotify Technology by 110.9% in the 2nd 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 during the period. Swedbank AB increased its position in Spotify Technology by 1.4% in the 1st 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 during the period. Harbor Investment Advisory LLC increased its position in Spotify Technology by 36.0% in the 2nd quarter. Harbor Investment Advisory LLC now owns 2,054 shares of the company's stock valued at $1,576,000 after acquiring an additional 544 shares during the period. Finally, Integrated Wealth Concepts LLC increased its position in Spotify Technology by 39.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,702 shares of the company's stock valued at $1,486,000 after acquiring an additional 769 shares during the period. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Spotify Technology Trading Up 0.5%

NYSE:SPOT opened at $715.87 on Friday. Spotify Technology has a 52 week low of $362.31 and a 52 week high of $785.00. The firm has a market capitalization of $146.55 billion, a PE ratio of 173.76, a price-to-earnings-growth ratio of 3.06 and a beta of 1.71. The stock has a 50 day moving average of $694.06 and a 200-day moving average of $659.48.

Spotify Technology (NYSE:SPOT - Get Free Report) last issued its quarterly earnings results 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). The firm had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The business's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.33 earnings per share. 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.

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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