Spotify Technology (NYSE:SPOT) Price Target Cut to $735.00 by Analysts at UBS Group

Spotify Technology (NYSE:SPOT) had its price target trimmed by UBS Group from $760.00 to $735.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on SPOT. Canaccord Genuity Group cut their price target on Spotify Technology from $750.00 to $720.00 and set a “buy” rating for the company in a research note on Wednesday. KeyCorp dropped their price target on Spotify Technology from $745.00 to $680.00 and set an “overweight” rating for the company in a research note on Wednesday. The Goldman Sachs Group dropped their price target on Spotify Technology from $670.00 to $600.00 and set a “buy” rating for the company in a research note on Wednesday. Morgan Stanley initiated coverage on Spotify Technology in a research note on Monday, April 13th. They issued an “overweight” rating and a $630.00 price target for the company. Finally, Sanford C. Bernstein dropped their price target on Spotify Technology from $830.00 to $650.00 and set an “outperform” rating for the company in a research note on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $642.22.

Spotify Technology Trading Up 0.6%

Spotify Technology stock opened at $446.13 on Thursday. Spotify Technology has a 12 month low of $405.00 and a 12 month high of $785.00. The stock’s 50 day moving average is $499.80 and its 200-day moving average is $547.02. The company has a market capitalization of $91.85 billion, a price-to-earnings ratio of 35.55, a PEG ratio of 1.06 and a beta of 1.70.

Spotify Technology (NYSE:SPOT) last posted its earnings results on Tuesday, April 28th. The company reported $4.04 EPS for the quarter, beating the consensus estimate of $3.41 by $0.63. The company had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.23 billion. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.07 earnings per share. As a group, equities research analysts predict that Spotify Technology will post 14.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Alex Norstrom sold 5,436 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $479.51, for a total value of $2,606,616.36. Following the completion of the sale, the chief executive officer directly owned 69,989 shares in the company, valued at $33,560,425.39. This represents a 7.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gustav Soderstrom sold 20,833 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $473.52, for a total value of $9,864,842.16. Following the completion of the sale, the chief executive officer owned 20,609 shares of the company’s stock, valued at $9,758,773.68. The trade was a 50.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.40% of the company’s stock.

Institutional Trading of Spotify Technology

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quadcap Wealth Management LLC grew its stake 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 buying an additional 16 shares during the period. Sage Mountain Advisors LLC grew its stake in shares of Spotify Technology by 6.3% in the 3rd quarter. Sage Mountain Advisors LLC now owns 289 shares of the company’s stock valued at $201,000 after buying an additional 17 shares during the period. Sagespring Wealth Partners LLC grew its stake in shares of Spotify Technology by 2.9% in the 4th quarter. Sagespring Wealth Partners LLC now owns 636 shares of the company’s stock valued at $370,000 after buying an additional 18 shares during the period. Granite Group Advisors LLC grew its stake in shares of Spotify Technology by 2.6% in the 3rd quarter. Granite Group Advisors LLC now owns 756 shares of the company’s stock valued at $528,000 after buying an additional 19 shares during the period. Finally, Ameritas Advisory Services LLC grew its stake in shares of Spotify Technology by 7.9% in the 3rd quarter. Ameritas Advisory Services LLC now owns 260 shares of the company’s stock valued at $181,000 after buying an additional 19 shares during the period. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Spotify Technology

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

• Positive Sentiment: Spotify will raise monthly Premium prices in parts of Europe by €1–€3, which should lift ARPU and near-term revenue per subscriber. Spotify to hike all monthly premium plans by €1 to €3
• Positive Sentiment: Universal Music Group said it will sell half its Spotify stake but expand its buyback program (≈€1bn). The increased buyback reduces float and is supportive for the share price despite the stake sale. Universal Music to sell half its Spotify stake, boosts buyback
• Positive Sentiment: Some sell‑side analysts still show material upside — UBS and Canaccord maintain buy ratings with targets in the $700s — signaling continued long‑term conviction even after cuts. Benzinga roundup of analyst notes
• Neutral Sentiment: Spotify is rolling out a “Verified by Spotify” badge to distinguish human artists from AI‑generated acts — a product move aimed at user trust and content clarity (limited direct near‑term revenue impact). Spotify introduces verified artist badges to help distinguish humans from AI
• Neutral Sentiment: Some analysts (Erste) nudged up FY estimates, reflecting confidence in medium‑term earnings power even as near‑term headwinds persist. MarketBeat SPOT coverage
• Negative Sentiment: The main driver of last week’s sharp selloff: Q1 headlines beat but guidance disappointed — ad revenue weakened and management flagged heavy AI investments that will pressure margins in the near term, sparking a ~14% weekly drop. Why Spotify Stock Plummeted This Week
• Negative Sentiment: Wall Street reaction: a wave of price‑target cuts and more conservative near‑term models (Goldman, JPMorgan, Cantor, Barclays, Pivotal, Wells Fargo and others trimmed targets), increasing sell‑side dispersion and short‑term downside risk. Wall Street Slashes Spotify Price Targets After Q1 Miss
• Negative Sentiment: Analyst and market commentary highlights that heavy AI spending could weigh on profitability before any uplift from AI monetization appears, keeping sentiment fragile until clearer revenue/ROI proof. Universal Music to sell half of Spotify stake, boosts buybacks (analysis)

Spotify Technology Company Profile

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.