Spotify Technology (NYSE:SPOT) Price Target Cut to $490.00 by Analysts at Cantor Fitzgerald

Spotify Technology (NYSE:SPOT) had its price target trimmed by Cantor Fitzgerald from $530.00 to $490.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other analysts have also issued reports on SPOT. Morgan Stanley lifted their price objective on shares of Spotify Technology from $610.00 to $640.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. KeyCorp reduced their target price on shares of Spotify Technology from $680.00 to $660.00 and set an “overweight” rating on the stock in a research report on Thursday, October 1st. Benchmark decreased their target price on shares of Spotify Technology from $695.00 to $650.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. UBS Group decreased their target price on shares of Spotify Technology from $690.00 to $675.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Finally, Moffett Nathanson raised their price target on shares of Spotify Technology from $492.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Spotify Technology presently has a consensus rating of “Moderate Buy” and an average target price of $610.25.

Spotify Technology Stock Performance

Shares of NYSE:SPOT opened at $528.96 on Monday. The company has a market cap of $108.90 billion, a P/E ratio of 32.94, a PEG ratio of 1.62 and a beta of 1.61. Spotify Technology has a one year low of $405.00 and a one year high of $700.12. The business’s 50-day simple moving average is $518.49 and its 200 day simple moving average is $494.22.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings results on Tuesday, August 4th. The company reported $3.03 EPS for the quarter, missing the consensus estimate of $3.16 by ($0.13). The company had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.47 billion. Spotify Technology had a return on equity of 41.39% and a net margin of 18.44%. The business’s revenue was up 13.9% on a year-over-year basis. During the same period last year, the firm posted ($0.42) earnings per share. Analysts predict that Spotify Technology will post 13.81 earnings per share for the current year.

Insider Activity

In related news, CEO Alex Norström sold 5,436 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $502.10, for a total value of $2,729,415.60. Following the completion of the transaction, the chief executive officer owned 66,773 shares of the company’s stock, valued at approximately $33,526,723.30. This represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gustav Söderström sold 20,913 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $544.19, for a total value of $11,380,645.47. Following the completion of the transaction, the chief executive officer directly owned 20,025 shares of the company’s stock, valued at $10,897,404.75. This represents a 51.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 47,182 shares of company stock worth $24,677,392. Insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Spotify Technology

Several institutional investors and hedge funds have recently made changes to their positions in the business. Pin Oak Investment Advisors Inc. bought a new stake in shares of Spotify Technology in the 2nd quarter worth approximately $27,000. Osbon Capital Management LLC acquired a new position in Spotify Technology during the 4th quarter valued at approximately $35,000. Portus Wealth Advisors LLC bought a new position in Spotify Technology during the 1st quarter worth $32,000. Whipplewood Advisors LLC grew its stake in Spotify Technology by 423.1% during the 1st quarter. Whipplewood Advisors LLC now owns 68 shares of the company’s stock worth $33,000 after buying an additional 55 shares during the last quarter. Finally, Palladiem LLC bought a new position in Spotify Technology during the 1st quarter worth $34,000. 84.09% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Spotify Technology

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

• Positive Sentiment: Audiobooks are expanding globally: Spotify plans to increase audiobook availability from 22 markets to more than 180 by the end of 2026. The move could broaden user engagement and create additional revenue opportunities beyond music and podcasts. Spotify Stock Is Up Nearly 9% Since September 30 as Audiobooks Go Global
• Positive Sentiment: Joe Rogan partnership extended: A new multiyear licensing agreement keeps The Joe Rogan Experience on Spotify, helping preserve one of the platform’s most influential audience and advertising assets. The deal also supports Spotify’s broader podcast strategy, although its financial terms were not disclosed. Spotify Won’t Let Go of Joe Rogan
• Positive Sentiment: Potential software business: Spotify is launching an initiative to sell internal software tools to other companies. Management describes the effort as turning Spotify into an “R&D operating system,” which could create a new revenue stream and improve returns on its technology investments, though the opportunity remains early-stage. Spotify Launches Spotify Technology to Sell Its Internal Software Tools
• Neutral Sentiment: Valuation debate continues: Spotify shares have gained roughly 235% over three years and nearly 9% since September 30. Some analysts argue future cash generation and new product lines could justify further gains, while the sharp rally raises expectations for continued execution. Spotify Stock Looks Discounted as Its 235% Run Continues
• Neutral Sentiment: Spotify was included in recent lists of streaming and entertainment stocks worth watching, but these broad sector roundups provide limited company-specific information. Promising Streaming Stocks Worth Watching
• Negative Sentiment: Analyst target reduced: Cantor Fitzgerald lowered its price target to $490 from $530 and kept a neutral rating, implying downside from recent trading levels. The cut may weigh on sentiment by signaling that the stock’s strong run has outpaced near-term expectations. Spotify Technology Price Target Cut by Cantor Fitzgerald

Spotify Technology Company Profile

Spotify Technology SA is a global audio streaming company that operates the Spotify platform. The service provides users with access to a broad catalog of music, podcasts and audiobooks, along with personalized recommendations, playlists and other discovery features.

Spotify offers a subscription-based Premium service with enhanced listening features, as well as an ad-supported service available at no direct cost to users. The company generates revenue primarily through Premium subscriptions and advertising, including audio, video and display advertising delivered across its platform.

Founded in 2006 by Daniel Ek and Martin Lorentzon, Spotify is headquartered in Stockholm, Sweden, and serves listeners, creators, advertisers and other partners across markets worldwide.