--- title: "Spotify Technology S.A. (NYSE:SPOT) Receives Average Recommendation of \"Moderate Buy\" from Analysts" type: "News" locale: "en" url: "https://longbridge.com/en/news/234659783.md" description: "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." datetime: "2025-04-06T06:39:43.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/234659783.md) - [en](https://longbridge.com/en/news/234659783.md) - [zh-HK](https://longbridge.com/zh-HK/news/234659783.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/234659783.md) | [繁體中文](https://longbridge.com/zh-HK/news/234659783.md) # Spotify Technology S.A. (NYSE:SPOT) Receives Average Recommendation of "Moderate Buy" from Analysts Shares of Spotify Technology S.A. (NYSE:SPOT - Get Free Report) have earned an average recommendation of "Moderate Buy" from the thirty brokerages that are covering the firm, MarketBeat reports. Nine analysts have rated the stock with a hold recommendation and twenty-one have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $557.47. Get **Spotify Technology** alerts: - Spotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy? A number of research firms recently weighed in on SPOT. Canaccord Genuity Group increased their price objective on shares of Spotify Technology from $650.00 to $700.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. KeyCorp raised their price target on shares of Spotify Technology from $555.00 to $600.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Citigroup lifted their price target on Spotify Technology from $540.00 to $720.00 and gave the company a "neutral" rating in a report on Friday, February 14th. Macquarie increased their price objective on Spotify Technology from $500.00 to $600.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Finally, Rosenblatt Securities restated a "neutral" rating and issued a $658.00 target price (up from $473.00) on shares of Spotify Technology in a research report on Wednesday, February 5th. **Check Out Our Latest Report on SPOT** ## Spotify Technology Price Performance - Wells Fargo Upgraded These 3 Stocks—Here’s Why They Stand Out Shares of NYSE SPOT opened at $502.90 on Friday. The firm has a market capitalization of $102.95 billion, a PE ratio of 84.52 and a beta of 1.75. Spotify Technology has a 1-year low of $267.76 and a 1-year high of $652.63. The business's fifty day moving average price is $583.28 and its two-hundred day moving average price is $484.42. ## Institutional Trading of Spotify Technology Several hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc increased its position in Spotify Technology by 336.7% in the 1st quarter. Versant Capital Management Inc now owns 655 shares of the company's stock worth $360,000 after purchasing an additional 505 shares during the last quarter. Central Pacific Bank Trust Division grew its stake in shares of Spotify Technology by 34.2% in the 1st quarter. Central Pacific Bank Trust Division now owns 2,869 shares of the company's stock valued at $1,578,000 after buying an additional 731 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Spotify Technology by 16.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 670 shares of the company's stock worth $369,000 after buying an additional 96 shares during the last quarter. Prostatis Group LLC acquired a new position in Spotify Technology in the fourth quarter worth approximately $213,000. Finally, 111 Capital bought a new position in Spotify Technology during the fourth quarter valued at approximately $545,000. 84.09% of the stock is currently owned by hedge funds and other institutional investors. ## About Spotify Technology (Get Free Report - 4 Social Media Stocks Set to Gain as TikTok Ban Looms 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. ## Featured Stories - Five stocks we like better than Spotify Technology - Russell 2000 Index, How Investors Use it For Profitable Trading - Archer Aviation’s Africa Deal Could Boost ACHR Stock - Insider Selling Explained: Can it Inform Your Investing Choices? - Are Short Sellers Wrong About These 3 Semiconductor Stocks? - What is the S&P/TSX Index? - Boeing Gets $50B in March Orders—Is BA Stock a Buy Now? _This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com._ ## Should You Invest $1,000 in Spotify Technology Right Now? Before you consider Spotify Technology, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Spotify Technology wasn't on the list. While Spotify Technology currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here ### Related Stocks - [Spotify Technology S.A. (SPOT.US)](https://longbridge.com/en/quote/SPOT.US.md) ## Related News & Research - [Spotify launches new ad formats, tools, and research for advertisers](https://longbridge.com/en/news/281224598.md) - [Spotify Stock's Momentum Score Tanks Even As Wall Street Analysts Stay Bullish: Here's Why](https://longbridge.com/en/news/281189931.md) - [Big Tech sports broadcast rights could imperil US local TV news, stations say](https://longbridge.com/en/news/281066159.md) - [Trump's TSA Pay Fix May Not End Long Airport Lines: Here's Why](https://longbridge.com/en/news/280984776.md) - [CIF/FOB Gulf Grain-Corn barge basis steady-firm on demand, soy bids flat](https://longbridge.com/en/news/281257865.md)