Guggenheim Has Lowered Expectations for Spotify Technology (NYSE:SPOT) Stock Price

Spotify Technology (NYSE:SPOT) had its price objective lowered by research analysts at Guggenheim from $750.00 to $720.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Guggenheim’s price objective indicates a potential upside of 61.61% from the stock’s previous close.

Several other research analysts have also commented on the stock. Citizens Jmp assumed coverage on shares of Spotify Technology in a report on Wednesday, December 17th. They issued a “market outperform” rating and a $800.00 price target for the company. DZ Bank upgraded Spotify Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Phillip Securities upgraded Spotify Technology from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Spotify Technology in a report on Monday, December 29th. Finally, Benchmark lowered their price objective on Spotify Technology from $860.00 to $760.00 and set a “buy” rating for the company in a research note on Friday, January 16th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $706.42.

Spotify Technology Trading Down 8.5%

SPOT stock opened at $445.53 on Wednesday. The firm has a market cap of $91.70 billion, a P/E ratio of 46.22, a P/E/G ratio of 0.91 and a beta of 1.66. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $785.00. The stock’s 50 day simple moving average is $535.84 and its 200 day simple moving average is $622.39.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings data on Tuesday, February 10th. The company reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $3.16 by $2.00. Spotify Technology had a net margin of 13.16% and a return on equity of 31.35%. The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the previous year, the company posted $1.88 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. On average, research analysts forecast that Spotify Technology will post 10.3 EPS for the current fiscal year.

Institutional Trading of Spotify Technology

Several hedge funds have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. boosted its position in Spotify Technology by 7.6% during the 4th quarter. Advisors Asset Management Inc. now owns 5,534 shares of the company’s stock worth $3,214,000 after acquiring an additional 392 shares during the period. Laurel Oak Wealth Management LLC acquired a new position in shares of Spotify Technology during the fourth quarter valued at $253,000. Comgest Global Investors S.A.S. raised its stake in shares of Spotify Technology by 1,646.6% during the fourth quarter. Comgest Global Investors S.A.S. now owns 92,219 shares of the company’s stock valued at $53,552,000 after purchasing an additional 86,939 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its holdings in Spotify Technology by 16.2% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 15,283 shares of the company’s stock worth $8,875,000 after purchasing an additional 2,135 shares during the period. Finally, Insigneo Advisory Services LLC grew its position in Spotify Technology by 22.5% in the 4th quarter. Insigneo Advisory Services LLC now owns 2,226 shares of the company’s stock valued at $1,293,000 after buying an additional 409 shares in the last quarter. Institutional investors own 84.09% of the company’s stock.

Key Spotify Technology News

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

• Positive Sentiment: Q4 results beat expectations — Spotify reported stronger-than-expected revenue and EPS, with management highlighting record revenue and accelerating margin expansion; this is the catalyst for recent upside in the stock. Spotify Q4 2025 Earnings Highlights
• Positive Sentiment: Record monthly listeners and subscriber growth: management said monthly listeners reached ~751 million, signaling user engagement momentum that supports long-term monetization. Record Monthly Listeners
• Positive Sentiment: Management is emphasizing AI and product focus as a growth driver — CEO/co‑CEO commentary highlights tighter execution and an AI roadmap intended to improve recommendations, ad targeting and creator tools. That narrative supports optimism about future monetization. CEO Message on Future
• Positive Sentiment: Analyst bullishness from Barclays — Barclays raised its price target to $650 and kept an overweight stance, providing buy-side support amid mixed broker notes. Barclays PT Raise
• Neutral Sentiment: Some price-target adjustments remain constructive: Guggenheim trimmed its target (from $750 to $720) but retained a buy view; KeyCorp also lowered its target to $720 — these keep upside in place but moderate expectations. Guggenheim / KeyCorp Updates
• Neutral Sentiment: Artist/engagement stories (e.g., major streaming surge for legacy act “The Grimm”) illustrate platform engagement wins but are peripheral to near-term stock moves. The Grimm Streaming Surge
• Negative Sentiment: Pivotal Research downgraded SPOT from Buy to Hold with a $420 target, which undercuts sentiment and increases short-term selling pressure. Pivotal Downgrade
• Negative Sentiment: Critical research and downgrade notes (Seeking Alpha piece) warn of structural deceleration risks — these narratives can amplify profit-taking after the post-earnings run. Downgrade On Structural Deceleration

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.