Spotify Technology (NYSE:SPOT) Given New $180.00 Price Target at Raymond James
Spotify Technology (NYSE:SPOT) had its price objective lifted by Raymond James from $172.00 to $180.00 in a report released on Thursday morning, Stock Target Advisor reports. They currently have a strong-buy rating on the stock.
SPOT has been the subject of a number of other research reports. Evercore ISI downgraded Spotify Technology from an in-line rating to an underperform rating in a research report on Monday, June 24th. Goldman Sachs Group set a €152.00 ($176.74) price objective on Aena SME and gave the company a sell rating in a research report on Tuesday, April 30th. Pivotal Research reissued a buy rating and set a $165.00 price target on shares of Spotify Technology in a research report on Monday, April 29th. Finally, UBS Group boosted their price target on Spotify Technology from $180.00 to $182.00 and gave the company a buy rating in a research report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company. Spotify Technology has a consensus rating of Buy and an average target price of $174.25.
Shares of NYSE:SPOT opened at $155.38 on Thursday. The stock has a market capitalization of $28.10 billion, a P/E ratio of -258.97 and a beta of 1.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.83 and a current ratio of 0.83. Spotify Technology has a 52 week low of $103.29 and a 52 week high of $196.95. The firm has a fifty day simple moving average of $146.57.
Spotify Technology Company Profile
Spotify Technology SA, together with its subsidiaries, provides music streaming services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers commercial-free music services to subscribers comprising unlimited online and offline high-quality streaming access to its catalog.
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