Spotify Technology’s (SPOT) “Market Outperform” Rating Reaffirmed at Citizens Jmp

Spotify Technology (NYSE:SPOT)‘s stock had its “market outperform” rating reiterated by equities researchers at Citizens Jmp in a research report issued on Friday, Benzinga reports. They presently have a $625.00 price target on the stock. Citizens Jmp‘s price target points to a potential upside of 7.11% from the stock’s previous close.

Several other research analysts have also recently weighed in on SPOT. Wall Street Zen cut shares of Spotify Technology from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. KeyCorp decreased their price objective on shares of Spotify Technology from $680.00 to $660.00 and set an “overweight” rating on the stock in a research report on Thursday, October 1st. Guggenheim upped their price objective on shares of Spotify Technology from $575.00 to $650.00 and gave the stock a “buy” rating in a research report on Friday. Piper Sandler assumed coverage on shares of Spotify Technology in a research report on Thursday, October 8th. They issued a “neutral” rating and a $540.00 price objective on the stock. Finally, Wells Fargo & Company decreased their price objective on shares of Spotify Technology from $600.00 to $570.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $612.31.

Spotify Technology Stock Down 0.0%

Shares of SPOT opened at $583.50 on Friday. The business’s 50-day moving average price is $525.20 and its 200-day moving average price is $497.27. Spotify Technology has a twelve month low of $405.00 and a twelve month high of $676.67. The stock has a market cap of $120.13 billion, a PE ratio of 36.62, a P/E/G ratio of 1.63 and a beta of 1.61.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $3.03 earnings per share 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 the consensus estimate of $5.47 billion. During the same quarter in the prior year, the company earned ($0.42) earnings per share. The company’s quarterly revenue was up 13.9% on a year-over-year basis. Analysts expect that Spotify Technology will post 13.66 earnings per share for the current fiscal year.

Insider Activity at Spotify Technology

In other Spotify Technology news, CEO Gustav Söderström sold 20,913 shares of Spotify Technology stock in a transaction that occurred on Monday, September 14th. The shares were 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 of the company’s stock, valued at approximately $10,897,404.75. This trade represents a 51.08% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 Alex Norström sold 5,436 shares of Spotify Technology stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $502.10, for a total transaction of $2,729,415.60. Following the transaction, the chief executive officer directly owned 66,773 shares in the company, valued at $33,526,723.30. This trade represents a 7.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 68,092 shares of company stock worth $35,762,410 over the last three months. Insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Janus Henderson Group PLC raised its stake in shares of Spotify Technology by 20.1% during the first quarter. Janus Henderson Group PLC now owns 1,711,015 shares of the company’s stock worth $829,641,000 after acquiring an additional 286,844 shares in the last quarter. Tiger Global Management LLC raised its stake in shares of Spotify Technology by 25.3% during the first quarter. Tiger Global Management LLC now owns 1,580,761 shares of the company’s stock worth $766,527,000 after acquiring an additional 319,300 shares in the last quarter. Amundi raised its stake in shares of Spotify Technology by 20.0% during the first quarter. Amundi now owns 1,104,484 shares of the company’s stock worth $535,575,000 after acquiring an additional 183,994 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Spotify Technology by 53.4% during the first quarter. Principal Financial Group Inc. now owns 989,667 shares of the company’s stock worth $479,899,000 after acquiring an additional 344,471 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Spotify Technology by 1.8% in the first quarter. Sei Investments Co. now owns 749,495 shares of the company’s stock worth $363,415,000 after purchasing an additional 13,381 shares during the last quarter. 84.09% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Spotify Technology

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

• Positive Sentiment: Subscriber growth exceeded expectations: Premium subscribers rose 9% year over year to 306 million, one million above Spotify’s guidance, while monthly active users increased 11% to 788 million. Management expects to reach approximately 316 million premium subscribers and 818 million monthly active users in the fourth quarter. Spotify Stock Surges on Q3 Subscriber Beat and Bullish Forecast
• Positive Sentiment: Profitability trends improved: Third-quarter revenue rose roughly 16% year over year to about €4.97 billion, operating income reached €672 million, and gross margin expanded to 33%. Spotify expects fourth-quarter operating income and gross margin to remain stronger as costs and investment intensity moderate. Spotify revenue rises as subscribers and margins improve
• Positive Sentiment: AI is viewed as a future growth catalyst: Spotify highlighted its AI-powered “taste model,” personalized experiences and efforts to make its service accessible through AI agents. The company said AI is accelerating feature development without increasing headcount, potentially supporting engagement, retention and long-term margin expansion. Spotify’s current AI bet
• Positive Sentiment: Analyst sentiment improved: Guggenheim raised its price target to $650 and assigned a Buy rating, while Barclays also lifted its target to $650 and maintained Overweight. Guggenheim Spotify recommendations
• Neutral Sentiment: Mixed quarterly results: Adjusted earnings per share and revenue were slightly below consensus, although revenue growth remained healthy and subscriber and margin metrics were stronger than expected. Spotify forecasts fourth-quarter profit above estimates
• Negative Sentiment: Valuation and analyst caution remain risks: Cantor Fitzgerald raised its target to $550 but retained a Neutral rating, implying limited upside from the referenced price level. The earnings miss could also pressure the stock if subscriber momentum or AI-related benefits fail to translate into sustained profits. Cantor Fitzgerald Spotify recommendations

About Spotify Technology

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.