Spotify Technology (SPOT) to Release Quarterly Earnings on Tuesday

Spotify Technology (NYSE:SPOT - Get Free Report) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Tuesday, April 29th. Analysts expect the company to announce earnings of $2.29 per share and revenue of $4.22 billion for the quarter.

Spotify Technology Stock Up 2.5 %

Spotify Technology stock traded up $15.21 during mid-day trading on Friday, hitting $621.16. 2,578,076 shares of the stock were exchanged, compared to its average volume of 2,093,580. The stock has a market capitalization of $127.16 billion, a price-to-earnings ratio of 104.40 and a beta of 1.75. Spotify Technology has a 12 month low of $280.37 and a 12 month high of $652.63. The firm's fifty day simple moving average is $571.23 and its two-hundred day simple moving average is $507.49.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Spotify Technology from $550.00 to $670.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. UBS Group dropped their price objective on Spotify Technology from $690.00 to $680.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Wolfe Research raised Spotify Technology from a "peer perform" rating to an "outperform" rating and set a $660.00 target price for the company in a research note on Monday, April 21st. Wells Fargo & Company boosted their price target on Spotify Technology from $690.00 to $740.00 and gave the company an "overweight" rating in a research note on Friday, March 28th. Finally, KeyCorp reduced their price objective on shares of Spotify Technology from $675.00 to $625.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. Based on data from MarketBeat.com, Spotify Technology has a consensus rating of "Moderate Buy" and an average target price of $596.26.

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.