Spotify Technology (NYSE:SPOT) Stock Rating Lowered by Pivotal Research

Spotify Technology (NYSE:SPOT) was downgraded by investment analysts at Pivotal Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, MarketBeat.com reports. They presently have a $420.00 price objective on the stock, down from their prior price objective of $875.00. Pivotal Research’s price objective points to a potential downside of 5.73% from the company’s current price.

Several other equities research analysts have also commented on SPOT. Citigroup upgraded shares of Spotify Technology from a “neutral” rating to a “buy” rating and set a $650.00 target price on the stock in a research report on Friday, January 30th. Moffett Nathanson started coverage on shares of Spotify Technology in a research note on Tuesday, January 27th. They issued a “neutral” rating and a $487.00 price objective for the company. Citizens Jmp assumed coverage on shares of Spotify Technology in a research report on Wednesday, December 17th. They set a “market outperform” rating and a $800.00 target price on the stock. The Goldman Sachs Group upgraded shares of Spotify Technology from a “neutral” rating to a “buy” rating and reduced their price target for the company from $735.00 to $700.00 in a research report on Friday, January 23rd. Finally, Erste Group Bank lowered Spotify Technology from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $706.42.

Spotify Technology Trading Down 8.5%

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

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $5.16 EPS for the quarter, beating the consensus estimate of $3.16 by $2.00. Spotify Technology had a return on equity of 31.35% and a net margin of 13.16%.The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same period last year, the firm earned $1.88 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, sell-side analysts predict that Spotify Technology will post 10.3 EPS for the current year.

Institutional Investors Weigh In On Spotify Technology

A number of large investors have recently bought and sold shares of SPOT. Quadcap Wealth Management LLC lifted its position in shares of Spotify Technology by 5.7% in the third quarter. Quadcap Wealth Management LLC now owns 295 shares of the company’s stock valued at $206,000 after acquiring an additional 16 shares in the last quarter. Sage Mountain Advisors LLC raised its stake in Spotify Technology by 6.3% in the 3rd quarter. Sage Mountain Advisors LLC now owns 289 shares of the company’s stock valued at $201,000 after purchasing an additional 17 shares during the last quarter. Cloud Capital Management LLC lifted its holdings in Spotify Technology by 4.8% in the 2nd quarter. Cloud Capital Management LLC now owns 392 shares of the company’s stock valued at $301,000 after purchasing an additional 18 shares in the last quarter. Fullerton Fund Management Co Ltd. lifted its holdings in Spotify Technology by 7.0% in the 2nd quarter. Fullerton Fund Management Co Ltd. now owns 276 shares of the company’s stock valued at $212,000 after purchasing an additional 18 shares in the last quarter. Finally, Sagespring Wealth Partners LLC boosted its stake in shares of Spotify Technology by 2.9% during the 4th quarter. Sagespring Wealth Partners LLC now owns 636 shares of the company’s stock worth $370,000 after purchasing an additional 18 shares during the last quarter. Institutional investors and hedge funds 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: 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

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.