Spotify Technology (NYSE:SPOT) Earns Outperform Rating from Analysts at Daiwa Securities Group

Daiwa Securities Group initiated coverage on shares of Spotify Technology (NYSE:SPOT) in a report issued on Thursday, MarketBeat.com reports. The brokerage issued an outperform rating and a $535.00 price objective on the stock.

A number of other equities research analysts also recently issued reports on SPOT. Erste Group Bank downgraded Spotify Technology from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. Barclays upped their target price on shares of Spotify Technology from $625.00 to $650.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Moffett Nathanson assumed coverage on Spotify Technology in a report on Tuesday, January 27th. They set a “neutral” rating and a $487.00 price target on the stock. Sanford C. Bernstein lowered their price objective on Spotify Technology from $830.00 to $650.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 14th. Finally, Wells Fargo & Company dropped their price objective on Spotify Technology from $750.00 to $710.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $699.00.

Spotify Technology Trading Down 1.0%

Shares of SPOT opened at $473.45 on Thursday. The firm’s 50-day moving average price is $492.21 and its 200-day moving average price is $580.98. The firm has a market capitalization of $97.47 billion, a price-to-earnings ratio of 49.11, a PEG ratio of 1.03 and a beta of 1.66. Spotify Technology has a 1-year low of $405.00 and a 1-year high of $785.00.

Spotify Technology (NYSE:SPOT) last announced its earnings results on Tuesday, February 10th. The company reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $2.00. Spotify Technology had a net margin of 13.16% and a return on equity of 31.35%. The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter in the previous year, the business posted $1.88 EPS. The company’s quarterly revenue was up 6.8% on a year-over-year basis. On average, research analysts forecast that Spotify Technology will post 10.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Spotify Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPOT. Rockefeller Capital Management L.P. increased its stake in Spotify Technology by 34.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 87,319 shares of the company’s stock worth $50,707,000 after acquiring an additional 22,348 shares during the last quarter. Osbon Capital Management LLC bought a new position in shares of Spotify Technology during the 4th quarter valued at approximately $35,000. World Investment Advisors boosted its position in shares of Spotify Technology by 59.3% during the 4th quarter. World Investment Advisors now owns 3,128 shares of the company’s stock valued at $1,816,000 after acquiring an additional 1,165 shares during the last quarter. Meadowbrook Advisors Group LLC bought a new position in shares of Spotify Technology during the 4th quarter valued at approximately $388,000. Finally, Hsbc Holdings PLC grew its holdings in shares of Spotify Technology by 16.6% in the fourth quarter. Hsbc Holdings PLC now owns 54,566 shares of the company’s stock valued at $31,613,000 after purchasing an additional 7,759 shares in the last quarter. 84.09% of the stock is owned by institutional investors.

Trending Headlines about Spotify Technology

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

• Positive Sentiment: Daiwa Capital (Daiwa Securities Group) initiated coverage with a Buy/Outperform and a $535 price target, signaling institutional conviction and providing a near‑term catalyst for investors seeking analyst-driven flow. Read More.
• Positive Sentiment: Spotify launched SongDNA in beta for Premium users — a discovery/credits feature that could boost engagement, creator relationships and retention if broadly adopted, supporting long‑term monetization. Read More.
• Neutral Sentiment: Analysis pieces are focusing on valuation after a recent slowdown in share momentum; the stock’s short‑term weakness has drawn attention to whether current prices better reflect longer‑term growth prospects. This is analysis‑driven news rather than a direct operational update. Read More.
• Neutral Sentiment: Note: a press item in the feed refers to an unrelated company using the SPOT ticker (EarthLabs Inc., TSXV: SPOT). That is not Spotify Technology — avoid ticker confusion when reading secondary coverage. Read More.
• Negative Sentiment: Coverage highlights leadership challenges and strategic questions (“Spotify’s crossroads”), which can raise investor concern about execution risk and slow sentiment recovery while management addresses open fronts. Read More.
• Negative Sentiment: Market reports show recent session declines and short‑term selling pressure, reinforcing the momentum headwinds cited in valuation writeups and contributing to the share price pullback. Read More.

About Spotify Technology

Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.