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 (NYSE:SPOT) last announced its quarterly earnings data on Monday, April 29th. The company reported ($0.90) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.37) by ($0.53). The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Spotify Technology had a negative net margin of 1.08% and a positive return on equity of 13.72%. Research analysts forecast that Spotify Technology will post -2.69 earnings per share for the current year.

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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Analyst Recommendations for Spotify Technology (NYSE:SPOT)

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