Spotify Technology S.A. (NYSE:SPOT – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the twenty-eight research firms that are currently covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $540.68.
Several analysts recently weighed in on the stock. KeyCorp boosted their price objective on shares of Spotify Technology from $555.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. UBS Group upped their price target on shares of Spotify Technology from $485.00 to $540.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. JPMorgan Chase & Co. upped their price target on shares of Spotify Technology from $555.00 to $730.00 and gave the company an “overweight” rating in a research report on Wednesday, February 5th. Wells Fargo & Company upped their price target on shares of Spotify Technology from $520.00 to $690.00 and gave the company an “overweight” rating in a research report on Wednesday, February 5th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $480.00 price target (down previously from $490.00) on shares of Spotify Technology in a research report on Tuesday, January 28th.
View Our Latest Report on SPOT
Institutional Investors Weigh In On Spotify Technology
Spotify Technology Stock Up 4.0 %
Shares of Spotify Technology stock opened at $597.78 on Tuesday. Spotify Technology has a twelve month low of $249.58 and a twelve month high of $652.63. The stock has a market cap of $122.37 billion, a price-to-earnings ratio of 100.47 and a beta of 1.66. The company’s fifty day moving average is $557.92 and its 200 day moving average is $462.95.
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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