Spotify Technology (NYSE:SPOT) Price Target Raised to $805.00

Spotify Technology (NYSE:SPOT) had its price target raised by JPMorgan Chase & Co. from $740.00 to $805.00 in a research note published on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other research analysts have also weighed in on SPOT. Citigroup lifted their target price on Spotify Technology from $715.00 to $750.00 and gave the company a “neutral” rating in a report on Tuesday, September 9th. Morgan Stanley reduced their target price on Spotify Technology from $850.00 to $800.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Guggenheim reaffirmed a “buy” rating and set a $850.00 target price on shares of Spotify Technology in a report on Wednesday, September 3rd. UBS Group reduced their target price on Spotify Technology from $895.00 to $850.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. Finally, Cantor Fitzgerald lifted their target price on Spotify Technology from $610.00 to $640.00 and gave the company a “neutral” rating in a report on Wednesday, June 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $731.16.

Spotify Technology Stock Performance

Shares of SPOT opened at $702.00 on Monday. The business has a 50-day moving average of $695.53 and a 200 day moving average of $662.76. Spotify Technology has a fifty-two week low of $362.31 and a fifty-two week high of $785.00. The firm has a market cap of $143.71 billion, a P/E ratio of 170.39, a price-to-earnings-growth ratio of 3.00 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings data 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 analysts’ expectations of $4.29 billion. During the same period last year, the business posted $1.33 EPS. The company’s revenue was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Institutional Trading of Spotify Technology

A number of large investors have recently modified their holdings of SPOT. Knuff & Co LLC bought a new stake in shares of Spotify Technology during the 2nd quarter valued at about $27,000. Tsfg LLC bought a new stake in Spotify Technology in the 1st quarter worth approximately $28,000. Cornerstone Planning Group LLC lifted its position in Spotify Technology by 512.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company’s stock worth $29,000 after buying an additional 41 shares during the last quarter. Total Investment Management Inc. bought a new stake in Spotify Technology in the 2nd quarter worth approximately $29,000. Finally, North Star Investment Management Corp. lifted its position in Spotify Technology by 52.8% in the 1st quarter. North Star Investment Management Corp. now owns 55 shares of the company’s stock worth $30,000 after buying an additional 19 shares during the last quarter. 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.