Spotify Technology (NYSE:SPOT - Get Free Report) is anticipated to announce its Q1 2025 earnings results before the market opens on Tuesday, April 29th. Analysts expect Spotify Technology to post earnings of $2.29 per share and revenue of $4.22 billion for the quarter.
Spotify Technology Trading Up 2.2 %
SPOT traded up $13.32 on Friday, hitting $619.27. 1,824,802 shares of the stock traded hands, compared to its average volume of 2,373,454. The business has a fifty day moving average price of $571.43 and a two-hundred day moving average price of $504.84. The firm has a market capitalization of $126.77 billion, a PE ratio of 104.07 and a beta of 1.75. Spotify Technology has a 52 week low of $280.37 and a 52 week high of $652.63.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the stock. UBS Group reduced their target price on shares of Spotify Technology from $690.00 to $680.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. The Goldman Sachs Group boosted their price objective on shares of Spotify Technology from $550.00 to $695.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Morgan Stanley lifted their price target on shares of Spotify Technology from $550.00 to $670.00 and gave the company an "overweight" rating in a research note on Wednesday, February 5th. Wells Fargo & Company lifted their price objective on shares of Spotify Technology from $690.00 to $740.00 and gave the company an "overweight" rating in a research report on Friday, March 28th. Finally, Barclays boosted their price objective on Spotify Technology from $475.00 to $710.00 and gave the stock an "overweight" rating in a report on Wednesday, February 5th. Seven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $596.26.
View Our Latest Report on Spotify Technology
Spotify Technology Company Profile
(
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Spotify Technology SA, together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers.
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