Barclays Cuts Spotify Technology (NYSE:SPOT) Price Target to $700.00

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

Other equities research analysts also recently issued research reports about the stock. BNP Paribas upgraded shares of Spotify Technology to a “strong-buy” rating in a research report on Tuesday, September 16th. Wells Fargo & Company upped their price target on shares of Spotify Technology from $740.00 to $750.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. JPMorgan Chase & Co. lifted their price objective on Spotify Technology from $740.00 to $805.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. Morgan Stanley lowered their target price on Spotify Technology from $850.00 to $800.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Spotify Technology from $700.00 to $775.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $729.94.

Spotify Technology Stock Down 0.2%

Shares of NYSE:SPOT opened at $617.16 on Wednesday. The company’s fifty day moving average is $685.11 and its two-hundred day moving average is $682.31. The company has a market cap of $127.07 billion, a P/E ratio of 97.04, a price-to-earnings-growth ratio of 2.49 and a beta of 1.67. Spotify Technology has a 12-month low of $397.33 and a 12-month high of $785.00.

Spotify Technology (NYSE:SPOT) last issued 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. Spotify Technology had a return on equity of 21.68% and a net margin of 8.46%.The business had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.23 billion. During the same quarter last year, the firm posted $1.45 earnings per share. Spotify Technology’s revenue was up 7.1% compared to the same quarter last year. Spotify Technology has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that Spotify Technology will post 10.3 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Sapient Capital LLC bought a new stake in shares of Spotify Technology in the 2nd quarter valued at approximately $322,000. Swedbank AB boosted its stake in Spotify Technology by 1.4% in the 1st quarter. Swedbank AB now owns 959,587 shares of the company’s stock valued at $527,802,000 after buying an additional 13,458 shares in the last quarter. Legacy Capital Group California Inc. grew its position in Spotify Technology by 110.9% in the second quarter. Legacy Capital Group California Inc. now owns 3,896 shares of the company’s stock valued at $2,990,000 after acquiring an additional 2,049 shares during the period. Harbor Investment Advisory LLC grew its position in Spotify Technology by 36.0% in the second quarter. Harbor Investment Advisory LLC now owns 2,054 shares of the company’s stock valued at $1,576,000 after acquiring an additional 544 shares during the period. Finally, Annex Advisory Services LLC raised its stake in Spotify Technology by 56.9% during the second quarter. Annex Advisory Services LLC now owns 53,984 shares of the company’s stock worth $41,424,000 after acquiring an additional 19,577 shares in the last quarter. 84.09% of the stock is owned by institutional investors.

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.