Spotify Technology S.A. (NYSE:SPOT) Receives Average Recommendation of "Moderate Buy" from Analysts
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Spotify Technology S.A. (NYSE:SPOT) has received an average recommendation of "Moderate Buy" from thirty brokerages. Nine analysts rated it as a hold, while twenty-one recommended buying. The average 1-year price target is $557.47. Recent upgrades include Canaccord Genuity raising its target from $650 to $700, and Citigroup increasing it from $540 to $720. The stock opened at $502.90, with a market cap of $102.95 billion and a PE ratio of 84.52. 84.09% of shares are held by institutional investors.
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