Spotify Technology (NYSE:SPOT) Receives "Neutral" Rating from Rosenblatt Securities

Key Points

• Spotify Technology received a "Neutral" rating from Rosenblatt Securities, with a price target of $679.00, indicating a potential downside of 2.81% from its current price.
• Analysts have mixed ratings on Spotify, with one Strong Buy, twenty-one Buy, and eleven Hold ratings, resulting in an average rating of "Moderate Buy" and a consensus target price of $731.16.
• The company reported a loss of $0.42 earnings per share for the last quarter, missing estimates significantly, despite a revenue of $4.94 billion, which exceeded expectations.

Spotify Technology (NYSE:SPOT - Get Free Report)'s stock had its "neutral" rating reiterated by analysts at Rosenblatt Securities in a research note issued on Wednesday,Benzinga reports. They currently have a $679.00 price objective on the stock. Rosenblatt Securities' price target indicates a potential downside of 2.81% from the stock's current price.

Several other research firms also recently weighed in on SPOT. Canaccord Genuity Group boosted their price target on Spotify Technology from $775.00 to $850.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Argus started coverage on Spotify Technology in a research report on Monday. They issued a "buy" rating and a $845.00 target price on the stock. Barclays dropped their target price on Spotify Technology from $800.00 to $750.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft upped their target price on Spotify Technology from $700.00 to $775.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company upped their price objective on shares of Spotify Technology from $740.00 to $750.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $731.16.

Spotify Technology Stock Performance

Shares of SPOT stock opened at $698.66 on Wednesday. The firm has a market capitalization of $143.02 billion, a price-to-earnings ratio of 169.58, a PEG ratio of 3.13 and a beta of 1.71. Spotify Technology has a fifty-two week low of $362.31 and a fifty-two week high of $785.00. The stock's 50-day simple moving average is $694.95 and its 200-day simple moving average is $662.49.

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

Institutional Trading of Spotify Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new stake in shares of Spotify Technology during the 1st quarter worth about $384,000. Merit Financial Group LLC boosted its stake in shares of Spotify Technology by 28.7% during the 1st quarter. Merit Financial Group LLC now owns 4,180 shares of the company's stock worth $2,299,000 after acquiring an additional 932 shares in the last quarter. Fulton Bank N.A. boosted its position in Spotify Technology by 55.3% during the first quarter. Fulton Bank N.A. now owns 1,489 shares of the company's stock worth $819,000 after purchasing an additional 530 shares in the last quarter. Whipplewood Advisors LLC boosted its position in Spotify Technology by 93.6% during the first quarter. Whipplewood Advisors LLC now owns 577 shares of the company's stock worth $317,000 after purchasing an additional 279 shares in the last quarter. Finally, Portside Wealth Group LLC purchased a new position in Spotify Technology during the first quarter worth approximately $375,000. Institutional investors and hedge funds own 84.09% of the company's stock.

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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