Spotify Technology (NYSE:SPOT) Price Target Raised to $650.00

Spotify Technology (NYSE:SPOT) had its target price raised by investment analysts at Guggenheim from $575.00 to $650.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Guggenheim‘s target price would indicate a potential upside of 11.74% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Cantor Fitzgerald boosted their price target on shares of Spotify Technology from $490.00 to $550.00 and gave the stock a “neutral” rating in a report on Friday. Benchmark dropped their target price on shares of Spotify Technology from $695.00 to $650.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Phillip Securities raised shares of Spotify Technology to a “buy” rating and set a $650.00 target price on the stock in a research report on Tuesday, August 11th. UBS Group cut their target price on Spotify Technology from $690.00 to $675.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Finally, Morgan Stanley upped their target price on Spotify Technology from $610.00 to $640.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Spotify Technology currently has an average rating of “Moderate Buy” and a consensus target price of $615.43.

Spotify Technology Price Performance

SPOT opened at $581.70 on Friday. The firm has a market capitalization of $119.76 billion, a PE ratio of 36.22, a P/E/G ratio of 1.63 and a beta of 1.61. Spotify Technology has a fifty-two week low of $405.00 and a fifty-two week high of $683.96. The company’s 50-day moving average is $525.20 and its 200 day moving average is $497.27.

Spotify Technology (NYSE:SPOT) last announced its earnings results on Tuesday, August 4th. The company reported $3.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.16 by ($0.13). Spotify Technology had a net margin of 18.44% and a return on equity of 41.39%. The company had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.47 billion. During the same period in the previous year, the firm earned ($0.42) EPS. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. As a group, analysts expect that Spotify Technology will post 13.66 EPS for the current year.

Insider Transactions at Spotify Technology

In related news, CEO Alex Norström sold 5,436 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $502.10, for a total transaction of $2,729,415.60. Following the sale, the chief executive officer directly owned 66,773 shares in the company, valued at approximately $33,526,723.30. This represents a 7.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gustav Söderström sold 20,910 shares of the stock in a transaction on Monday, October 12th. The stock was sold at an average price of $530.13, for a total value of $11,085,018.30. Following the sale, the chief executive officer owned 19,908 shares in the company, valued at approximately $10,553,828.04. This represents a 51.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 68,092 shares of company stock worth $35,762,410 over the last 90 days. 0.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Spotify Technology

A number of large investors have recently modified their holdings of the company. Tsfg LLC boosted its holdings in Spotify Technology by 39.7% in the 2nd quarter. Tsfg LLC now owns 81 shares of the company’s stock valued at $37,000 after purchasing an additional 23 shares during the period. Carl P. Sherr & Co. LLC raised its holdings in shares of Spotify Technology by 0.7% during the 1st quarter. Carl P. Sherr & Co. LLC now owns 4,138 shares of the company’s stock valued at $2,007,000 after buying an additional 27 shares in the last quarter. Frank Rimerman Advisors LLC lifted its holdings in shares of Spotify Technology by 2.8% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 1,066 shares of the company’s stock worth $520,000 after acquiring an additional 29 shares during the last quarter. Simplify Asset Management Inc. lifted its stake in Spotify Technology by 3.1% in the first quarter. Simplify Asset Management Inc. now owns 1,074 shares of the company’s stock worth $521,000 after purchasing an additional 32 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in Spotify Technology by 7.5% during the 1st quarter. Arkadios Wealth Advisors now owns 474 shares of the company’s stock valued at $230,000 after acquiring an additional 33 shares during the period. 84.09% of the stock is currently owned by institutional investors.

Trending Headlines about Spotify Technology

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

• Positive Sentiment: Spotify added premium subscribers faster than expected, reaching 306 million, up 9% year over year and one million above its guidance. Monthly active users rose 11% to 788 million, with growth across all regions. Spotify Stock Surges on Q3 Subscriber Beat And Bullish Forecast
• Positive Sentiment: Third-quarter revenue increased about 16% year over year to approximately €4.97 billion, while gross margin expanded 140 basis points to 33% and operating income reached roughly €672 million. Spotify expects fourth-quarter operating profit above Wall Street expectations and projects gross margin of about 33.8%. Spotify forecasts fourth-quarter profit above estimates on AI bets
• Positive Sentiment: Management highlighted artificial-intelligence initiatives, including its “taste model,” personalized recommendations and features designed for emerging AI agents. Early improvements in content discovery could increase engagement, reduce churn and support future pricing power while costs and investment growth moderate. Spotify’s current AI bet is about being the music service that agents choose
• Positive Sentiment: Barclays raised its price target to $650 from $565 and maintained an Overweight rating, reinforcing the market’s constructive view of Spotify’s subscriber and margin trajectory. Barclays Adjusts Price Target on Spotify Technology
• Neutral Sentiment: Spotify is expanding audiobooks to more than 180 markets and expects roughly 10 million additional premium subscribers next quarter, supporting longer-term monetization opportunities. Spotify: 3 Key Takeaways for Long-Term Investors
• Negative Sentiment: Adjusted EPS of approximately $2.78–$2.85 fell short of consensus near $3.10–$3.16, while fourth-quarter revenue guidance was slightly below estimates. Spotify also faces execution and reputational risks from its crackdown on shared Family Plans and removal of AI-generated “slop” and spam tracks. Spotify Q3 Earnings Miss Estimates

Spotify Technology Company Profile

Spotify Technology SA is an audio streaming company that operates the Spotify platform, offering users access to music, podcasts and audiobooks through internet-connected devices. Its catalog includes licensed recordings from music labels and artists, as well as podcasts and other audio content from creators and publishers.

Spotify provides both an ad-supported service and subscription-based Premium plans. Premium subscribers generally receive ad-free listening and additional features, while the advertising-supported service allows users to access content without a paid subscription.