Spotify Technology (NYSE:SPOT) Given New $650.00 Price Target at Sanford C. Bernstein

Spotify Technology (NYSE:SPOT) had its price target decreased by Sanford C. Bernstein from $830.00 to $650.00 in a report published on Wednesday,Benzinga reports. Sanford C. Bernstein currently has an outperform rating on the stock.

Several other equities research analysts also recently commented on the stock. Phillip Securities raised shares of Spotify Technology from a “hold” rating to a “moderate buy” rating in a report on Monday, November 10th. Rosenblatt Securities reduced their price objective on shares of Spotify Technology from $700.00 to $670.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. BNP Paribas raised Spotify Technology to a “strong-buy” rating in a report on Tuesday, September 16th. Wells Fargo & Company dropped their price objective on Spotify Technology from $750.00 to $710.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, UBS Group reduced their target price on Spotify Technology from $850.00 to $800.00 and set a “buy” rating for the company in a report on Friday, January 9th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Spotify Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $747.23.

Spotify Technology Trading Down 1.1%

Shares of NYSE SPOT opened at $528.66 on Wednesday. The stock has a fifty day simple moving average of $587.18 and a two-hundred day simple moving average of $655.15. Spotify Technology has a 1-year low of $475.01 and a 1-year high of $785.00. The firm has a market cap of $108.85 billion, a price-to-earnings ratio of 83.12, a price-to-earnings-growth ratio of 0.96 and a beta of 1.66.

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

Hedge Funds Weigh In On Spotify Technology

A number of large investors have recently added to or reduced their stakes in SPOT. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Spotify Technology in the third quarter worth about $26,000. Knuff & Co LLC bought a new position in Spotify Technology during the 2nd quarter worth approximately $27,000. Heartwood Wealth Advisors LLC purchased a new position in Spotify Technology in the 3rd quarter worth approximately $27,000. Greykasell Wealth Strategies Inc. increased its stake in Spotify Technology by 3,800.0% in the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 39 shares of the company’s stock worth $27,000 after purchasing an additional 38 shares during the period. Finally, Total Investment Management Inc. bought a new stake in Spotify Technology in the second quarter valued at approximately $29,000. Hedge funds and other institutional investors 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: Product differentiation — an MSN piece highlights “5 Spotify features no other music app gets right,” reinforcing Spotify’s competitive strengths that support user engagement and monetization potential. Article Title
• Positive Sentiment: Analyst backing remains — Wells Fargo trimmed its price target from $750 to $710 but kept an “overweight” rating, implying roughly ~34% upside from current levels and signaling continued institutional confidence. Article Title
• Neutral Sentiment: Investor interest/attention — Zacks flagged SPOT as a trending stock and published a primer on factors that could affect the name, useful context but not news-driving by itself. Article Title
• Neutral Sentiment: Wall Street roundup — a Yahoo Finance piece aggregates analyst views and market commentary; it helps explain prevailing sentiment but doesn’t introduce a new catalyst. Article Title
• Negative Sentiment: Price-target cut from Sanford C. Bernstein — Bernstein lowered its target sharply from $830 to $650 (although it kept an “outperform” rating), which can weigh on sentiment because it reduces upside expectation from prior levels. Article Title
• Negative Sentiment: User/artist backlash over AI content — reporting shows Spotify users and some creators criticizing AI-generated music (“AI slop”), a reputational and potential regulatory risk that could pressure engagement or invite policy changes. Article Title

Spotify Technology Company Profile

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.