UBS Group Has Lowered Expectations for Spotify Technology (NYSE:SPOT) Stock Price

Key Points

• UBS lowered its price target on Spotify to $800 (from $850) but kept a "buy" rating, implying about a 47% upside from the prior close.
• Analyst sentiment is mixed — the MarketBeat consensus is a "Moderate Buy" with an average target of $754.90, while individual targets range roughly from $615 to $900 and several firms have trimmed expectations or ratings.
• Despite a strong quarterly beat (EPS $3.83 vs. $1.87 and revenue $5.01B vs. $4.23B), shares traded down to $542.75 (−2%), leaving the stock well below many analyst targets.

Spotify Technology (NYSE:SPOT - Get Free Report) had its price target decreased by UBS Group from $850.00 to $800.00 in a report released on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. UBS Group's price objective indicates a potential upside of 47.40% from the company's previous close.

SPOT has been the topic of a number of other reports. Argus began coverage on shares of Spotify Technology in a research note on Monday, September 29th. They set a "buy" rating and a $845.00 target price on the stock. Cantor Fitzgerald reduced their price target on shares of Spotify Technology from $675.00 to $615.00 and set a "neutral" rating on the stock in a research report on Thursday. The Goldman Sachs Group cut Spotify Technology from a "buy" rating to a "neutral" rating and upped their price objective for the company from $765.00 to $770.00 in a report on Tuesday, September 30th. BNP Paribas Exane began coverage on Spotify Technology in a research report on Tuesday, September 16th. They issued an "outperform" rating and a $900.00 price objective for the company. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Spotify Technology in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $754.90.

Spotify Technology Stock Down 2.0%

Shares of SPOT stock traded down $10.94 during trading hours on Friday, hitting $542.75. 1,054,388 shares of the company's stock were exchanged, compared to its average volume of 1,818,877. Spotify Technology has a fifty-two week low of $451.43 and a fifty-two week high of $785.00. The firm has a market cap of $111.75 billion, a P/E ratio of 85.34, a P/E/G ratio of 1.02 and a beta of 1.66. The firm has a 50 day moving average of $595.47 and a two-hundred day moving average of $661.94.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its quarterly earnings results on Tuesday, November 4th. The company reported $3.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.87 by $1.96. The firm had revenue of $5.01 billion for the quarter, compared to analysts' expectations of $4.23 billion. Spotify Technology had a net margin of 8.46% and a return on equity of 21.68%. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.45 EPS. On average, equities analysts forecast that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Institutional Trading of Spotify Technology

Several hedge funds have recently added to or reduced their stakes in SPOT. Joel Isaacson & Co. LLC grew its stake in Spotify Technology by 1.0% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 1,551 shares of the company's stock worth $1,190,000 after buying an additional 15 shares during the last quarter. Ignite Planners LLC boosted its holdings in shares of Spotify Technology by 2.4% in the second quarter. Ignite Planners LLC now owns 637 shares of the company's stock valued at $489,000 after acquiring an additional 15 shares during the period. Stonekeep Investments LLC grew its position in shares of Spotify Technology by 2.1% during the second quarter. Stonekeep Investments LLC now owns 773 shares of the company's stock worth $593,000 after acquiring an additional 16 shares during the last quarter. Moody National Bank Trust Division increased its holdings in shares of Spotify Technology by 0.5% in the 2nd quarter. Moody National Bank Trust Division now owns 2,931 shares of the company's stock valued at $2,249,000 after acquiring an additional 16 shares during the period. Finally, Quadcap Wealth Management LLC increased its holdings in shares of Spotify Technology by 5.7% in the 3rd quarter. Quadcap Wealth Management LLC now owns 295 shares of the company's stock valued at $206,000 after acquiring an additional 16 shares during the period. Institutional investors and hedge funds own 84.09% of the company's stock.

More Spotify Technology News

Here are the key news stories impacting Spotify Technology this week:

• Positive Sentiment: Spotify rolled out social features — "Listening Activity" (see what friends are hearing in real time) and "Request to Jam" (invite friends to join streams) — which may boost engagement and time spent on platform if adoption follows. Spotify Adds ‘Listening Activity’ and ‘Request to Jam’ features Moneycontrol: Request to Jam & Listening Activity
• Positive Sentiment: Spotify lowered the eligibility criteria for video podcast monetization, potentially increasing creator participation and ad/paid revenue over time if more podcasters qualify. Spotify lowers criteria for video podcast monetisation
• Neutral Sentiment: Analyst coverage is active and mixed: a recent Benzinga roundup summarizes where sell‑side analysts stand on SPOT, providing context for the differing targets and ratings investors are reacting to. Where Spotify Technology Stands With Analysts
• Negative Sentiment: Cantor Fitzgerald cut its price target from $675 to $615 and moved to a "neutral" rating — a nearer-term headwind for sentiment that reduces implied upside from current levels. Benzinga
• Negative Sentiment: Guggenheim trimmed its target from $800 to $750 but kept a "buy" rating; the cut still narrows upside expectations and likely contributed to selling pressure. Benzinga

About Spotify Technology

Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.

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