Guggenheim Cuts Spotify Technology (NYSE:SPOT) Price Target to $565.00

Spotify Technology (NYSE:SPOT) had its price target cut by Guggenheim from $600.00 to $565.00 in a report published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also issued reports on SPOT. Wells Fargo & Company decreased their price target on Spotify Technology from $640.00 to $580.00 and set an “overweight” rating for the company in a research note on Wednesday. The Goldman Sachs Group upgraded Spotify Technology from a “neutral” rating to a “buy” rating and cut their price objective for the company from $735.00 to $700.00 in a report on Friday, January 23rd. KeyCorp cut their price objective on Spotify Technology from $745.00 to $680.00 and set an “overweight” rating for the company in a report on Wednesday. Wall Street Zen upgraded Spotify Technology from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Finally, UBS Group cut their price objective 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 equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $645.77.

Spotify Technology Trading Down 1.1%

Shares of NYSE:SPOT opened at $441.84 on Wednesday. The company has a 50 day moving average of $499.80 and a 200-day moving average of $547.02. The firm has a market cap of $90.97 billion, a P/E ratio of 35.21, a P/E/G ratio of 1.09 and a beta of 1.56. Spotify Technology has a twelve month low of $405.00 and a twelve month high of $785.00.

Spotify Technology (NYSE:SPOT) last announced its earnings results on Tuesday, April 28th. The company reported $4.04 EPS for the quarter, topping the consensus estimate of $3.41 by $0.63. The firm had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.23 billion. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.07 earnings per share. Equities research analysts forecast that Spotify Technology will post 14.64 EPS for the current year.

Insider Activity

In other Spotify Technology news, CEO Alex Norstrom sold 5,436 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 69,989 shares of the company’s stock, valued at approximately $33,560,425.39. This represents a 7.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gustav Soderstrom sold 20,833 shares of Spotify Technology stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $473.52, for a total transaction of $9,864,842.16. Following the completion of the transaction, the chief executive officer directly owned 20,609 shares in the company, valued at approximately $9,758,773.68. This trade represents a 50.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Greykasell Wealth Strategies Inc. increased its position in shares of Spotify Technology by 3,800.0% in the third quarter. Greykasell Wealth Strategies Inc. now owns 39 shares of the company’s stock worth $27,000 after acquiring an additional 38 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Spotify Technology in the third quarter worth approximately $26,000. Westfuller Advisors LLC purchased a new position in shares of Spotify Technology in the third quarter worth approximately $29,000. Albion Financial Group UT increased its position in shares of Spotify Technology by 80.0% in the third quarter. Albion Financial Group UT now owns 45 shares of the company’s stock worth $31,000 after acquiring an additional 20 shares in the last quarter. Finally, JPL Wealth Management LLC purchased a new position in shares of Spotify Technology in the third quarter worth approximately $35,000. 84.09% of the stock is owned by hedge funds and other institutional investors.

Spotify Technology News Summary

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

• Positive Sentiment: Product actions to protect listener trust — Spotify is rolling out a “Verified”/“Verified by Spotify” artist badge and other features to clamp down on AI-generated impostor artists, which could preserve user trust and ad/retention metrics. Spotify introduces verified artist badges to help distinguish humans from AI
• Positive Sentiment: Monetization lift from pricing — Spotify said it will raise monthly Premium prices by €1–€3 in some markets, a near-term revenue tailwind that can help offset slower user-growth trends. Spotify to hike all monthly premium plans by €1 to €3
• Positive Sentiment: Stake sale / buyback support — Universal Music’s move to sell half its Spotify stake and ramp buybacks could tighten float or lead to buyback activity that supports the share price. Universal Music to sell half of Spotify stake, boosts buybacks
• Positive Sentiment: Some analysts still bullish — Canaccord and a few other firms maintained high price targets (e.g., $720), signaling continued conviction in Spotify’s long-term story despite near-term headwinds. Spotify Technology (NYSE:SPOT) Given New $720.00 Price Target at Canaccord Genuity Group
• Neutral Sentiment: Trimmed-but-positive ratings — UBS cut its price target (from $760 to $735) but kept a Buy view, reflecting reduced upside expectations while still supporting a constructive medium-term thesis. UBS trims Spotify price target
• Neutral Sentiment: Valuation/entry debate — Several market pieces are assessing whether the recent pullback creates a buying opportunity or simply prices in slower growth; this keeps investor sentiment mixed until guidance clarity. Is Spotify (SPOT) Offering A Chance After The Recent 13% Share Price Slide?
• Negative Sentiment: Broad analyst downgrades and target cuts — Multiple firms (JPMorgan, Goldman Sachs, Wells Fargo, Barclays, Pivotal Research, Guggenheim and others) lowered expectations or price targets after the quarter, increasing selling pressure. Spotify Technology (NYSE:SPOT) Price Target Cut to $600.00 by Analysts at JPMorgan Chase & Co.
• Negative Sentiment: Earnings pain points: growth and ad revenue — Investors reacted to Q1 results where premium-subscriber growth slowed and ad-revenue trends disappointed, triggering the recent sizable weekly selloff. Why Spotify Stock Plummeted This Week

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.