Spotify Technology (NYSE:SPOT) Price Target Cut to $750.00 by Analysts at Guggenheim

Spotify Technology (NYSE:SPOT) had its price objective lowered by Guggenheim from $800.00 to $750.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other brokerages have also recently commented on SPOT. Phillip Securities raised Spotify Technology from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 10th. Pivotal Research cut their price objective on Spotify Technology from $900.00 to $875.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of Spotify Technology in a research note on Monday, December 29th. Cantor Fitzgerald upped their price target on shares of Spotify Technology from $640.00 to $675.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Finally, The Goldman Sachs Group cut shares of Spotify Technology from a “buy” rating to a “neutral” rating and increased their price target for the company from $765.00 to $770.00 in a research note on Tuesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Spotify Technology currently has an average rating of “Moderate Buy” and a consensus price target of $756.57.

Spotify Technology Trading Down 2.8%

Shares of SPOT stock opened at $553.42 on Thursday. The firm’s fifty day moving average price is $595.47 and its two-hundred day moving average price is $661.94. Spotify Technology has a 1 year low of $451.43 and a 1 year high of $785.00. The firm has a market capitalization of $113.95 billion, a P/E ratio of 87.02, a PEG ratio of 1.02 and a beta of 1.66.

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

Hedge Funds Weigh In On Spotify Technology

Institutional investors and hedge funds have recently made changes to their positions in the company. Sapient Capital LLC acquired a new position in shares of Spotify Technology during the 2nd quarter worth approximately $322,000. Generali Asset Management SPA SGR boosted its stake in shares of Spotify Technology by 30.9% in the third quarter. Generali Asset Management SPA SGR now owns 68,023 shares of the company’s stock valued at $46,692,000 after buying an additional 16,054 shares during the period. Cynosure Group LLC bought a new stake in shares of Spotify Technology in the third quarter valued at approximately $2,862,000. Legacy Capital Group California Inc. grew its position in Spotify Technology by 110.9% during the second quarter. Legacy Capital Group California Inc. now owns 3,896 shares of the company’s stock worth $2,990,000 after buying an additional 2,049 shares in the last quarter. Finally, Swedbank AB increased its stake in Spotify Technology by 1.4% during the 1st quarter. Swedbank AB now owns 959,587 shares of the company’s stock worth $527,802,000 after acquiring an additional 13,458 shares during the period. Institutional investors and hedge funds own 84.09% of the company’s stock.

Key Headlines Impacting Spotify Technology

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

• Positive Sentiment: Spotify announced expanded creator monetization and a plan to invest roughly $10 billion in podcasts, signaling heavier spending to grow creator supply and advertising/paid revenue over time. This supports upside to long-term revenue and creator retention. Spotify makes it easier for creators to earn, reveals $10 billion podcast spend
• Positive Sentiment: Spotify lowered video-podcast monetization thresholds (fewer episodes and lower consumption/engaged-audience requirements), making it easier for more creators to earn — likely to enlarge content supply and ad/paid creator revenue. Spotify lowers monetization threshold for video podcasts
• Positive Sentiment: New social features (Request to Jam, Listening Activity / real‑time friend streaming in Messages) aim to boost engagement and discovery — potentially increasing time on platform and retention. Spotify introduces Request to Jam and Listening Activity features
• Neutral Sentiment: Guggenheim lowered its price target from $800 to $750 but kept a Buy rating — still showing analyst confidence in upside (~35.5% from current levels) despite a modest pullback in expectations. Guggenheim price target change
• Neutral Sentiment: Coverage and how‑to pieces (settings and podcast tips) and a report that a “shadow library” lost its .org address are largely informational/PR items with limited direct impact on fundamentals. Shadow library loses .org address
• Negative Sentiment: Cantor Fitzgerald cut its price target from $675 to $615 and moved to a Neutral rating, trimming implied upside and signaling reduced near-term analyst enthusiasm; this likely pressured the stock today. Cantor Fitzgerald price target change

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.