Spotify Technology (NYSE:SPOT) Price Target Lowered to $760.00 at Benchmark

Spotify Technology (NYSE:SPOT) had its price target dropped by research analysts at Benchmark from $860.00 to $760.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s price objective would suggest a potential upside of 50.07% from the stock’s previous close.

SPOT has been the topic of a number of other reports. Argus began coverage on Spotify Technology in a research report on Monday, September 29th. They set a “buy” rating and a $845.00 target price on the stock. Barclays cut their target price on Spotify Technology from $750.00 to $700.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. JPMorgan Chase & Co. upped their price target on Spotify Technology from $740.00 to $805.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. DZ Bank raised shares of Spotify Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Finally, The Goldman Sachs Group lowered Spotify Technology from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $765.00 to $770.00 in a research report on Tuesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $743.90.

Spotify Technology Trading Down 0.3%

NYSE:SPOT opened at $506.44 on Friday. The company’s 50 day moving average is $584.96 and its two-hundred day moving average is $654.12. The company has a market cap of $104.27 billion, a PE ratio of 80.12, a P/E/G ratio of 1.00 and a beta of 1.66. Spotify Technology has a twelve month low of $475.01 and a twelve month high of $785.00.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings data on Tuesday, November 4th. The company reported $3.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $1.96. The firm had revenue of $5.01 billion for the quarter, compared to analyst estimates of $4.23 billion. Spotify Technology had a net margin of 8.46% and a return on equity of 21.68%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.45 earnings per share. As a group, analysts expect that Spotify Technology will post 10.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SPOT. Joel Isaacson & Co. LLC boosted its holdings in shares of Spotify Technology by 1.0% in the second quarter. Joel Isaacson & Co. LLC now owns 1,551 shares of the company’s stock valued at $1,190,000 after acquiring an additional 15 shares during the period. Ignite Planners LLC boosted its stake in Spotify Technology by 2.4% during the 2nd quarter. Ignite Planners LLC now owns 637 shares of the company’s stock worth $489,000 after purchasing an additional 15 shares during the period. Moody National Bank Trust Division grew its position in Spotify Technology by 0.5% during the 2nd quarter. Moody National Bank Trust Division now owns 2,931 shares of the company’s stock worth $2,249,000 after purchasing an additional 16 shares during the last quarter. Quadcap Wealth Management LLC grew its position in Spotify Technology by 5.7% during the 3rd quarter. Quadcap Wealth Management LLC now owns 295 shares of the company’s stock worth $206,000 after purchasing an additional 16 shares during the last quarter. Finally, Sage Mountain Advisors LLC increased its stake in Spotify Technology by 6.3% in the third quarter. Sage Mountain Advisors LLC now owns 289 shares of the company’s stock valued at $201,000 after purchasing an additional 17 shares during the period. Hedge funds and other 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: Price hike should lift revenue and margins with high flow‑through: Spotify will raise its Individual Premium monthly fee from $11.99 to $12.99 (and increase Duo/Family tiers), generating incremental high‑margin revenue without equivalent marketing cost. MarketBeat analysis
• Neutral Sentiment: Official rollout details: the $1 increase goes into effect in February for existing U.S. subscribers and also applies in Estonia and Latvia; company frames the move as ongoing product and experience investment. Reuters: Spotify to raise premium subscription price
• Neutral Sentiment: Analyst target reset but continued bullish view: Sanford C. Bernstein trimmed its target from $830 to $650 while keeping an “outperform” stance — signaling continued confidence in Spotify’s long‑term thesis despite nearer‑term valuation/headwinds. Benzinga: Bernstein lowers target
• Negative Sentiment: Immediate market reaction: the stock pulled back roughly 3–4% after the announcement as investors priced in potential subscriber sensitivity and short‑term volatility. Zacks: Spotify (SPOT) Stock Dips
• Negative Sentiment: Analyst concern and downside forecasts: at least one firm published a pessimistic outlook on SPOT, highlighting risks if churn accelerates or if macro pressure reduces subscriber growth. American Banking News: Wells Fargo pessimistic forecast
• Negative Sentiment: Churn risk is the key uncertainty: media coverage and investors flagged the possibility that repeated hikes could eventually trigger cancellations or slower subscriber adds, which would offset some of the expected margin gains. CNBC: Spotify hikes U.S. Premium price

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.