Recent Research Analysts’ Ratings Changes for Spotify Technology (SPOT)

Spotify Technology (NYSE: SPOT) recently received a number of ratings updates from brokerages and research firms:

• 11/11/2024 – Spotify Technology had its price target raised by analysts at Benchmark Co. from $430.00 to $440.00. They now have a “buy” rating on the stock.
• 11/6/2024 – Spotify Technology had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $430.00 to $440.00. They now have a “buy” rating on the stock.
• 10/28/2024 – Spotify Technology had its price target raised by analysts at Wells Fargo & Company from $420.00 to $470.00. They now have an “overweight” rating on the stock.
• 10/23/2024 – Spotify Technology had its price target raised by analysts at Morgan Stanley from $400.00 to $430.00. They now have an “overweight” rating on the stock.
• 10/17/2024 – Spotify Technology had its price target raised by analysts at Rosenblatt Securities from $399.00 to $438.00. They now have a “buy” rating on the stock.
• 10/16/2024 – Spotify Technology had its price target raised by analysts at KeyCorp from $440.00 to $490.00. They now have an “overweight” rating on the stock.
• 10/7/2024 – Spotify Technology had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $340.00 price target on the stock.
• 9/30/2024 – Spotify Technology had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $340.00 price target on the stock.
• 9/23/2024 – Spotify Technology had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $340.00 price target on the stock.
• 9/19/2024 – Spotify Technology had its price target raised by analysts at Pivotal Research from $460.00 to $510.00. They now have a “buy” rating on the stock.
• 9/16/2024 – Spotify Technology had its price target raised by analysts at KeyCorp from $420.00 to $440.00. They now have an “overweight” rating on the stock.

Spotify Technology Stock Performance

SPOT opened at $419.32 on Wednesday. The stock’s 50 day simple moving average is $367.88 and its 200-day simple moving average is $333.81. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.31. The stock has a market cap of $83.47 billion, a PE ratio of 171.15 and a beta of 1.56. Spotify Technology S.A. has a 1 year low of $169.02 and a 1 year high of $420.00.

Institutional Investors Weigh In On Spotify Technology

Institutional investors and hedge funds have recently bought and sold shares of the business. Aigen Investment Management LP lifted its holdings in shares of Spotify Technology by 42.4% during the 3rd quarter. Aigen Investment Management LP now owns 9,800 shares of the company’s stock worth $3,612,000 after acquiring an additional 2,918 shares during the period. Perpetual Ltd lifted its stake in Spotify Technology by 24.3% during the third quarter. Perpetual Ltd now owns 759,681 shares of the company’s stock worth $279,965,000 after purchasing an additional 148,431 shares during the period. Pathway Capital Management LP boosted its holdings in Spotify Technology by 23.8% during the third quarter. Pathway Capital Management LP now owns 57,340 shares of the company’s stock valued at $21,132,000 after purchasing an additional 11,042 shares in the last quarter. TD Asset Management Inc grew its stake in shares of Spotify Technology by 2.4% in the 1st quarter. TD Asset Management Inc now owns 512,841 shares of the company’s stock valued at $135,339,000 after purchasing an additional 12,192 shares during the period. Finally, Jag Capital Management LLC bought a new stake in shares of Spotify Technology in the 3rd quarter valued at approximately $13,569,000. Institutional investors own 84.09% of the company’s stock.

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.