UBS Group Cuts Spotify Technology (NYSE:SPOT) Price Target to $675.00

Spotify Technology (NYSE:SPOT) had its price objective decreased by UBS Group from $690.00 to $675.00 in a research note released on Monday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the company. KeyCorp decreased their target price on Spotify Technology from $680.00 to $660.00 and set an “overweight” rating on the stock in a report on Thursday, October 1st. Argus restated a “buy” rating and set a $600.00 price target on shares of Spotify Technology in a report on Thursday, August 13th. Weiss Ratings upgraded Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Wall Street Zen lowered shares of Spotify Technology from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Guggenheim reiterated a “buy” rating and issued a $565.00 target price on shares of Spotify Technology in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $592.75.

Spotify Technology Stock Up 5.2%

Shares of NYSE SPOT opened at $513.43 on Monday. The stock has a market capitalization of $105.71 billion, a P/E ratio of 31.97, a PEG ratio of 1.49 and a beta of 1.61. The stock’s 50 day moving average price is $516.94 and its two-hundred day moving average price is $493.29. Spotify Technology has a 52-week low of $405.00 and a 52-week high of $700.12.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $3.03 earnings per share for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.13). The business had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.47 billion. Spotify Technology had a net margin of 18.44% and a return on equity of 41.39%. Spotify Technology’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.42) EPS. On average, analysts anticipate that Spotify Technology will post 13.85 EPS for the current year.

Insider Buying and Selling at Spotify Technology

In other news, CEO Alex Norström sold 5,436 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $502.10, for a total value of $2,729,415.60. Following the sale, the chief executive officer owned 66,773 shares in the company, valued at approximately $33,526,723.30. This trade represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gustav Söderström sold 20,913 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $544.19, for a total transaction of $11,380,645.47. Following the transaction, the chief executive officer directly owned 20,025 shares in the company, valued at $10,897,404.75. This trade represents a 51.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 47,182 shares of company stock worth $24,677,392. 0.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SPOT. Tsfg LLC increased its stake in shares of Spotify Technology by 39.7% during the second quarter. Tsfg LLC now owns 81 shares of the company’s stock worth $37,000 after purchasing an additional 23 shares during the period. Carl P. Sherr & Co. LLC boosted its stake in Spotify Technology by 0.7% in the 1st quarter. Carl P. Sherr & Co. LLC now owns 4,138 shares of the company’s stock valued at $2,007,000 after purchasing an additional 27 shares during the period. CNB Bank boosted its stake in Spotify Technology by 3.5% in the 4th quarter. CNB Bank now owns 831 shares of the company’s stock valued at $483,000 after purchasing an additional 28 shares during the period. Simplify Asset Management Inc. grew its holdings in Spotify Technology by 3.1% in the 1st quarter. Simplify Asset Management Inc. now owns 1,074 shares of the company’s stock valued at $521,000 after buying an additional 32 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its holdings in Spotify Technology by 7.5% in the 1st quarter. Arkadios Wealth Advisors now owns 474 shares of the company’s stock valued at $230,000 after buying an additional 33 shares in the last quarter. Institutional investors own 84.09% of the company’s stock.

Trending Headlines about Spotify Technology

Here are the key news stories impacting Spotify Technology this week:

• Positive Sentiment: Spotify is expanding its audiobook service from 22 markets to more than 180 by the end of 2026, offering approximately 350,000 titles in over 120 languages. The broader distribution could create new revenue opportunities, improve user engagement, and strengthen Spotify’s position in digital audio. Spotify expands audiobooks to over 180 markets
• Positive Sentiment: The audiobook rollout includes India, where the service is scheduled to launch on November 12 with Audiobooks+ options. India’s large and growing digital-content market could provide Spotify with additional subscriber and monetization potential. Spotify audiobooks launch in India
• Positive Sentiment: Analyst sentiment remains broadly constructive, with Spotify receiving an average “Moderate Buy” rating and coverage highlighting optimism among Wall Street analysts. Spotify receives Moderate Buy rating
• Neutral Sentiment: Spotify is among the most-watched stocks on Zacks, increasing visibility with retail investors. The coverage discusses whether the company’s growth outlook and analyst estimates justify buying the shares, but does not represent a new fundamental catalyst. Is Spotify worth betting on now?
• Negative Sentiment: UBS lowered its expectations for Spotify’s stock price, creating a valuation-related overhang despite the broader analyst support. UBS lowers expectations for Spotify
• Negative Sentiment: A separate analysis argues that Spotify’s roughly $100 billion market capitalization remains excessive, raising concerns that future growth may already be reflected in the share price. Spotify’s valuation remains too high
• Negative Sentiment: Chief Human Resources Officer Anna Lundstrom reported selling shares to cover restricted-stock-unit tax withholding. The transaction appears administrative rather than a discretionary insider exit, but it can still add modest selling pressure. Spotify CHRO reports RSU tax withholding sale

Spotify Technology Company Profile

Spotify Technology SA is a global audio streaming company that operates the Spotify platform. The service provides users with access to a broad catalog of music, podcasts and audiobooks, along with personalized recommendations, playlists and other discovery features.

Spotify offers a subscription-based Premium service with enhanced listening features, as well as an ad-supported service available at no direct cost to users. The company generates revenue primarily through Premium subscriptions and advertising, including audio, video and display advertising delivered across its platform.

Founded in 2006 by Daniel Ek and Martin Lorentzon, Spotify is headquartered in Stockholm, Sweden, and serves listeners, creators, advertisers and other partners across markets worldwide.