Spotify Technology (SPOT) Projected to Post Quarterly Earnings on Tuesday

Spotify Technology (NYSE:SPOT) is anticipated to release its Q1 2025 earnings data before the market opens on Tuesday, April 29th. Analysts expect the company to announce earnings of $2.29 per share and revenue of $4.22 billion for the quarter.

Spotify Technology Stock Performance

NYSE SPOT opened at $621.16 on Monday. Spotify Technology has a 52-week low of $280.37 and a 52-week high of $652.63. The stock has a market cap of $127.16 billion, a price-to-earnings ratio of 104.40 and a beta of 1.75. The business has a 50 day simple moving average of $571.23 and a 200 day simple moving average of $508.40.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Spotify Technology from $550.00 to $695.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Citigroup increased their price target on Spotify Technology from $540.00 to $720.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. KeyCorp reduced their price objective on Spotify Technology from $675.00 to $625.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. Canaccord Genuity Group increased their target price on Spotify Technology from $650.00 to $700.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Finally, UBS Group reduced their price target on Spotify Technology from $690.00 to $680.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Seven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, Spotify Technology presently has a consensus rating of “Moderate Buy” and an average price target of $596.26.

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.