Spotify Technology (NYSE:SPOT) Price Target Cut to $700.00 by Analysts at Barclays

Spotify Technology (NYSE:SPOT) had its target price reduced by Barclays from $750.00 to $700.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

Other research analysts also recently issued research reports about the stock. Sanford C. Bernstein lifted their target price on shares of Spotify Technology from $825.00 to $840.00 and gave the stock an “outperform” rating in a report on Tuesday, July 8th. Cantor Fitzgerald boosted their price objective on shares of Spotify Technology from $640.00 to $675.00 and gave the stock a “neutral” rating in a report on Wednesday. Argus initiated coverage on shares of Spotify Technology in a report on Monday, September 29th. They set a “buy” rating and a $845.00 price objective on the stock. KeyCorp dropped their price objective on shares of Spotify Technology from $860.00 to $830.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Spotify Technology from $700.00 to $775.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, Spotify Technology currently has an average rating of “Moderate Buy” and an average price target of $729.94.

Spotify Technology Price Performance

Shares of SPOT opened at $620.37 on Wednesday. The company has a market capitalization of $127.00 billion, a PE ratio of 97.54, a price-to-earnings-growth ratio of 3.32 and a beta of 1.67. Spotify Technology has a one year low of $376.04 and a one year high of $785.00. The company’s fifty day moving average price is $687.82 and its 200 day moving average price is $682.35.

Spotify Technology (NYSE:SPOT) last announced its earnings results on Tuesday, November 4th. The company reported $3.83 EPS for the quarter, topping the consensus estimate of $1.87 by $1.96. The firm had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $4.23 billion. Spotify Technology had a net margin of 8.46% and a return on equity of 23.62%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.45 EPS. Spotify Technology has set its Q4 2025 guidance at EPS. Analysts anticipate that Spotify Technology will post 10.3 earnings per share for the current year.

Institutional Trading of Spotify Technology

Several institutional investors have recently made changes to their positions in the business. Mutual Advisors LLC acquired a new position in Spotify Technology in the first quarter valued at about $187,000. Concurrent Investment Advisors LLC boosted its position in Spotify Technology by 4.6% in the first quarter. Concurrent Investment Advisors LLC now owns 1,340 shares of the company’s stock valued at $737,000 after buying an additional 59 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in Spotify Technology by 14.6% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 818 shares of the company’s stock valued at $450,000 after buying an additional 104 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in Spotify Technology by 51.5% in the first quarter. Crossmark Global Holdings Inc. now owns 1,136 shares of the company’s stock valued at $625,000 after buying an additional 386 shares in the last quarter. Finally, Brown Advisory Inc. boosted its position in Spotify Technology by 886.7% in the first quarter. Brown Advisory Inc. now owns 35,186 shares of the company’s stock valued at $19,353,000 after buying an additional 31,620 shares in the last quarter. 84.09% of the stock is currently owned by institutional investors and hedge funds.

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.