Spotify Technology (NYSE:SPOT) Now Covered by Analysts at Morgan Stanley

Morgan Stanley initiated coverage on shares of Spotify Technology (NYSE:SPOT) in a research note issued to investors on Monday. The brokerage issued an overweight rating and a $630.00 price target on the stock.

A number of other research analysts also recently issued reports on the stock. The Goldman Sachs Group raised shares of Spotify Technology from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $735.00 to $700.00 in a research report on Friday, January 23rd. Citigroup raised shares of Spotify Technology from a “neutral” rating to a “buy” rating and set a $650.00 price objective on the stock in a research report on Friday, January 30th. UBS Group reduced their price objective on shares of Spotify Technology from $850.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, January 9th. Cantor Fitzgerald reduced their price objective on shares of Spotify Technology from $615.00 to $525.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Finally, Benchmark reduced their price objective on shares of Spotify Technology from $860.00 to $760.00 and set a “buy” rating on the stock in a research report on Friday, January 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $689.33.

Spotify Technology Trading Up 5.8%

Shares of Spotify Technology stock opened at $503.66 on Monday. The company’s fifty day simple moving average is $487.20 and its two-hundred day simple moving average is $562.34. The company has a market cap of $103.69 billion, a P/E ratio of 52.25, a PEG ratio of 1.06 and a beta of 1.70. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $785.00.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $2.00. The business had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.14 billion. Spotify Technology had a net margin of 13.16% and a return on equity of 31.35%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.88 EPS. Analysts predict that Spotify Technology will post 10.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Gustav Soderstrom sold 20,833 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $473.52, for a total transaction of $9,864,842.16. Following the sale, the chief executive officer owned 20,609 shares in the company, valued at approximately $9,758,773.68. The trade was a 50.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Alex Norstrom sold 5,436 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $479.51, for a total transaction of $2,606,616.36. Following the sale, the chief executive officer owned 69,989 shares in the company, valued at approximately $33,560,425.39. This trade represents a 7.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.40% of the company’s stock.

Institutional Trading of Spotify Technology

A number of hedge funds have recently modified their holdings of SPOT. Helios Capital Management PTE. Ltd. boosted its stake in Spotify Technology by 56.3% in the 3rd quarter. Helios Capital Management PTE. Ltd. now owns 7,500 shares of the company’s stock worth $5,235,000 after purchasing an additional 2,700 shares in the last quarter. Bessemer Group Inc. boosted its stake in Spotify Technology by 35.1% in the 3rd quarter. Bessemer Group Inc. now owns 682,639 shares of the company’s stock worth $476,483,000 after purchasing an additional 177,310 shares in the last quarter. Truxt Investmentos Ltda. bought a new position in Spotify Technology in the 3rd quarter worth about $2,093,000. Ownership Capital B.V. bought a new position in Spotify Technology in the 3rd quarter worth about $2,769,000. Finally, Vanguard Group Inc. boosted its stake in Spotify Technology by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,005,882 shares of the company’s stock worth $702,106,000 after purchasing an additional 24,199 shares in the last quarter. Institutional investors own 84.09% of the company’s stock.

Trending Headlines about Spotify Technology

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

• Positive Sentiment: Jefferies maintained a “Buy” and says Spotify is set up well heading into Q1, keeping a $650 price target that signals upside into the next quarters. Proactive Investors
• Positive Sentiment: Morgan Stanley initiated coverage with an “Overweight” rating and a $630 target, adding institutional validation that likely supported buying interest this morning.
• Positive Sentiment: Investors are focusing on recent ad-product enhancements (new formats, split testing, automated bidding) and U.S. price increases for Premium — a combination that boosts subscription ARPU and higher‑margin ad revenue expectations. Quiver Quantitative
• Positive Sentiment: News roundup and analyst commentary aggregated in the press has increased investor confidence ahead of earnings, helping lift the stock. Yahoo Finance
• Neutral Sentiment: Product changes: Spotify added a user control to disable in-app videos — a UX improvement that could improve retention but has limited near-term revenue impact. MSN
• Neutral Sentiment: Patents revealing how Spotify’s shuffle works surfaced — interesting for PR/tech transparency but unlikely to move fundamentals materially. MSN
• Neutral Sentiment: Wells Fargo trimmed its target slightly (from $650 to $640) but kept an Overweight stance — a modest editorial change that still implies significant upside from current levels. Benzinga
• Negative Sentiment: Insider selling was flagged in recent filings (notable executive sales), which may concern some investors about near-term insider conviction. Quiver Quantitative

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.