Spotify Technology (NYSE:SPOT) Given New $800.00 Price Target at UBS Group

Spotify Technology (NYSE:SPOT) had its target price lowered by UBS Group from $850.00 to $800.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

SPOT has been the topic of a number of other research reports. Barclays cut their target price on shares of Spotify Technology from $750.00 to $700.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Pivotal Research lowered their price target on shares of Spotify Technology from $900.00 to $875.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Spotify Technology in a research report on Monday, December 29th. Cantor Fitzgerald lowered their target price on Spotify Technology from $675.00 to $615.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Citizens Jmp initiated coverage on Spotify Technology in a report on Wednesday, December 17th. They set a “market outperform” rating and a $800.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $754.90.

Spotify Technology Price Performance

NYSE SPOT opened at $539.15 on Friday. The company has a market capitalization of $111.01 billion, a price-to-earnings ratio of 84.77, a price-to-earnings-growth ratio of 0.99 and a beta of 1.66. Spotify Technology has a 12 month low of $451.43 and a 12 month high of $785.00. The company’s fifty day moving average price is $593.15 and its two-hundred day moving average price is $660.60.

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

Institutional Investors Weigh In On Spotify Technology

Institutional investors have recently modified their holdings of the stock. Sapient Capital LLC bought a new position in shares of Spotify Technology in the second quarter valued at approximately $322,000. Generali Asset Management SPA SGR lifted its stake in shares of Spotify Technology by 30.9% in the 3rd quarter. Generali Asset Management SPA SGR now owns 68,023 shares of the company’s stock valued at $46,692,000 after purchasing an additional 16,054 shares during the period. Cynosure Group LLC acquired a new stake in shares of Spotify Technology during the third quarter worth $2,862,000. Legacy Capital Group California Inc. increased its stake in shares of Spotify Technology by 110.9% in the 2nd quarter. Legacy Capital Group California Inc. now owns 3,896 shares of the company’s stock valued at $2,990,000 after acquiring an additional 2,049 shares during the last quarter. Finally, Swedbank AB increased its stake in Spotify Technology by 1.4% in the first quarter. Swedbank AB now owns 959,587 shares of the company’s stock valued at $527,802,000 after purchasing an additional 13,458 shares in the last quarter. Institutional investors and hedge funds own 84.09% of the company’s stock.

Key Stories Impacting Spotify Technology

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

• Positive Sentiment: Spotify launched social features — “Listening Activity” and “Request to Jam” — designed to boost real-time sharing and collaboration, which could increase user engagement and retention. Spotify Adds ‘Listening Activity’ and ‘Request to Jam’ features: Here’s how they work
• Positive Sentiment: Spotify lowered criteria for video podcast monetization, broadening creator eligibility — this can expand creator supply and ad/subscription monetization opportunities. Spotify lowers criteria for video podcast monetisation. Check eligibility
• Neutral Sentiment: UBS trimmed its price target from $850 to $800 but kept a Buy rating — still implies significant upside, softening the negative impact of the cut. Benzinga
• Neutral Sentiment: Guggenheim reduced its target to $750 (from $800) while maintaining a Buy — another moderation of expectations rather than a downgrade. Benzinga
• Neutral Sentiment: Analyst-coverage summaries show mixed views across firms; useful to watch consensus revisions for guidance on future price moves. Where Spotify Technology Stands With Analysts
• Negative Sentiment: Cantor Fitzgerald cut its price target from $675 to $615 and moved to a Neutral rating — a clear downgrade signal that likely contributed to downward pressure on the stock. Benzinga

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.