Spotify Technology (NYSE:SPOT) Downgraded to Neutral Rating by The Goldman Sachs Group

The Goldman Sachs Group cut shares of Spotify Technology (NYSE:SPOT) from a buy rating to a neutral rating in a research note published on Tuesday morning, Marketbeat Ratings reports. The Goldman Sachs Group currently has $770.00 target price on the stock, up from their prior target price of $765.00.

A number of other equities analysts have also recently commented on the company. Barclays lowered their target price on Spotify Technology from $800.00 to $750.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Citigroup raised their price objective on shares of Spotify Technology from $715.00 to $750.00 and gave the company a “neutral” rating in a research note on Tuesday, September 9th. DZ Bank raised shares of Spotify Technology from a “sell” rating to a “hold” rating and set a $652.00 target price on the stock in a research note on Wednesday, July 30th. Oppenheimer raised their price target on shares of Spotify Technology from $750.00 to $825.00 and gave the company an “outperform” rating in a research report on Monday, August 18th. Finally, JPMorgan Chase & Co. upped their price objective on Spotify Technology from $740.00 to $805.00 and gave the stock an “overweight” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $731.16.

Spotify Technology Price Performance

Shares of SPOT stock opened at $698.66 on Tuesday. Spotify Technology has a 1-year low of $362.31 and a 1-year high of $785.00. The firm has a market cap of $143.02 billion, a PE ratio of 169.58, a price-to-earnings-growth ratio of 3.13 and a beta of 1.71. The company has a 50-day moving average of $694.95 and a two-hundred day moving average of $662.49.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings data on Tuesday, July 29th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of $2.00 by ($2.42). The company had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.29 billion. Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The business’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate 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. 180 Wealth Advisors LLC increased its holdings in shares of Spotify Technology by 6.8% in the first quarter. 180 Wealth Advisors LLC now owns 664 shares of the company’s stock valued at $365,000 after purchasing an additional 42 shares during the period. NBC Securities Inc. purchased a new position in Spotify Technology in the 1st quarter valued at $384,000. LVW Advisors LLC increased its stake in Spotify Technology by 65.0% in the 1st quarter. LVW Advisors LLC now owns 1,076 shares of the company’s stock valued at $592,000 after buying an additional 424 shares during the period. Harbor Investment Advisory LLC raised its position in Spotify Technology by 1,298.1% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,510 shares of the company’s stock worth $831,000 after buying an additional 1,402 shares during the last quarter. Finally, Merit Financial Group LLC lifted its stake in shares of Spotify Technology by 28.7% in the 1st quarter. Merit Financial Group LLC now owns 4,180 shares of the company’s stock worth $2,299,000 after acquiring an additional 932 shares during the period. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Spotify Technology Company Profile

Spotify Technology SA, together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers.