Spotify Technology (NYSE:SPOT) Stock Gets Price Target Cut from Cantor Fitzgerald

Spotify Technology (NYSE:SPOT) had its target price cut by Cantor Fitzgerald from $530.00 to $490.00 in a research report released on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also recently issued reports on SPOT. Rosenblatt Securities reduced their price objective on shares of Spotify Technology from $531.00 to $527.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Wall Street Zen lowered shares of Spotify Technology from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings upgraded shares of Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. Argus reiterated a “buy” rating and set a $600.00 target price on shares of Spotify Technology in a research report on Thursday, August 13th. Finally, UBS Group cut their price target 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. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $610.25.

Spotify Technology Trading Down 0.7%

Spotify Technology stock opened at $524.00 on Monday. The company has a market cap of $107.88 billion, a PE ratio of 32.84, a PEG ratio of 1.62 and a beta of 1.61. Spotify Technology has a 1 year low of $405.00 and a 1 year high of $696.95. The company’s 50-day moving average is $520.20 and its two-hundred day moving average is $494.93.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $3.03 EPS for the quarter, missing the consensus estimate of $3.16 by ($0.13). The business had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.47 billion. Spotify Technology had a return on equity of 41.39% and a net margin of 18.44%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.42) EPS. Research analysts forecast that Spotify Technology will post 13.77 EPS for the current year.

Insider Activity

In other news, CEO Alex Norström sold 5,436 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $502.10, for a total value of $2,729,415.60. Following the completion of the sale, the chief executive officer directly owned 66,773 shares of the company’s stock, valued at $33,526,723.30. This represents a 7.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gustav Söderström sold 20,913 shares of the 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 completion of the sale, the chief executive officer owned 20,025 shares in the company, valued at $10,897,404.75. This represents a 51.08% decrease in their ownership of the stock. 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 have sold a total of 68,092 shares of company stock valued at $35,762,410 over the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mather Group LLC. lifted its holdings in Spotify Technology by 62.3% during the third quarter. Mather Group LLC. now owns 99 shares of the company’s stock worth $48,000 after acquiring an additional 38 shares in the last quarter. First Citizens Bank & Trust Co. grew its stake in Spotify Technology by 372.6% in the third quarter. First Citizens Bank & Trust Co. now owns 3,696 shares of the company’s stock valued at $1,801,000 after acquiring an additional 2,914 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in shares of Spotify Technology in the third quarter worth about $318,000. Krilogy Financial LLC bought a new stake in shares of Spotify Technology in the third quarter worth about $272,000. Finally, Bouvel Investment Partners LLC bought a new stake in shares of Spotify Technology in the third quarter worth about $5,731,000. Institutional investors own 84.09% of the company’s stock.

More Spotify Technology News

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

• Positive Sentiment: Spotify expanded its audiobooks business and renewed its agreement with Joe Rogan, supporting efforts to diversify beyond music streaming and strengthen user engagement. Some analysts view the stock as modestly undervalued despite its elevated valuation. Spotify Technology expands audiobooks and renews Rogan
• Positive Sentiment: The launch of Spotify’s internal software-tools business could create a new enterprise revenue stream, while closer Siri integration in iOS 27 makes it easier for iPhone users to control Spotify by voice. Spotify launches software-tools business Spotify Siri integration
• Neutral Sentiment: CEO Gustav Söderström sold approximately $11.1 million of shares to cover tax withholding tied to vested equity awards. The transaction substantially reduced his direct holdings, but its stated tax-related purpose makes it less concerning than a discretionary sale. Spotify CEO SEC filing
• Neutral Sentiment: Investment commentary highlighted Spotify’s strong profitability but questioned whether a valuation near 39 times earnings is justified. The stock has also lagged major market benchmarks over the past six months, adding to investor caution. Spotify valuation analysis
• Negative Sentiment: Erste Group Bank lowered its FY2026 EPS forecast to $13.71 from $14.07 and its FY2027 estimate to $17.16 from $17.52. The reductions reinforce concerns about earnings momentum, particularly with the shares trading at a premium valuation.
• Negative Sentiment: Reports that Spotify’s new lossless-audio feature is causing problems for many desktop users could hurt the rollout’s reception and create near-term customer-experience and support costs. Spotify lossless audio desktop-app problems

About Spotify Technology

Spotify Technology SA is a global audio streaming company that operates the Spotify platform. The service provides users with access to a broad catalog of music, podcasts and audiobooks, along with personalized recommendations, playlists and other discovery features.

Spotify offers a subscription-based Premium service with enhanced listening features, as well as an ad-supported service available at no direct cost to users. The company generates revenue primarily through Premium subscriptions and advertising, including audio, video and display advertising delivered across its platform.

Founded in 2006 by Daniel Ek and Martin Lorentzon, Spotify is headquartered in Stockholm, Sweden, and serves listeners, creators, advertisers and other partners across markets worldwide.