Spotify Technology (NYSE:SPOT) Receives $731.16 Average PT from Analysts

Shares of Spotify Technology (NYSE:SPOT) have been given a consensus rating of “Moderate Buy” by the thirty-four analysts that are currently covering the firm, MarketBeat.com reports. Twelve research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $731.1563.

A number of brokerages have commented on SPOT. DZ Bank raised shares of Spotify Technology from a “sell” rating to a “hold” rating and set a $652.00 price objective on the stock in a report on Wednesday, July 30th. Rosenblatt Securities reissued a “neutral” rating and set a $679.00 price objective on shares of Spotify Technology in a report on Wednesday, October 1st. Wells Fargo & Company increased 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. JPMorgan Chase & Co. increased their price objective on shares of Spotify Technology from $740.00 to $805.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Spotify Technology in a report on Friday.

Spotify Technology Stock Performance

SPOT opened at $645.22 on Wednesday. The firm’s 50-day simple moving average is $696.53 and its 200-day simple moving average is $677.57. Spotify Technology has a twelve month low of $376.00 and a twelve month high of $785.00. The firm has a market cap of $132.08 billion, a price-to-earnings ratio of 156.61, a PEG ratio of 3.08 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last posted 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). Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The firm had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the previous year, the company posted $1.33 EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Spotify Technology will post 10.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SPOT. Knuff & Co LLC bought a new position in shares of Spotify Technology in the 2nd quarter valued at about $27,000. Heartwood Wealth Advisors LLC bought a new position in shares of Spotify Technology in the 3rd quarter valued at about $27,000. Tsfg LLC bought a new position in shares of Spotify Technology in the 1st quarter valued at about $28,000. Cornerstone Planning Group LLC boosted its stake in shares of Spotify Technology by 512.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company’s stock valued at $29,000 after purchasing an additional 41 shares during the last quarter. Finally, Total Investment Management Inc. bought a new position in shares of Spotify Technology in the 2nd quarter valued at about $29,000. Institutional investors own 84.09% of the company’s stock.

About Spotify Technology

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.