<div id="readability-page-1"><p>Shares of Spotify Technology (NYSE:SPOT - Get Free Report) have earned a consensus rating of &#34;Moderate Buy&#34; from the thirty-three analysts that are  covering the stock, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned  a strong buy rating to  the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $758.8621.</p><div><p><span></span><span>Get <strong>Spotify Technology</strong> alerts:</span></p></div><ul><li>3 High Growth Revenue Stocks That Wall Street Loves</li></ul><p>Several research analysts have weighed in on SPOT shares. Barclays dropped their price target on Spotify Technology from $750.00 to $700.00 and set an &#34;overweight&#34; rating for the company in a research note on Wednesday, November 5th. Argus assumed coverage on shares of Spotify Technology in a research report on Monday, September 29th. They set a &#34;buy&#34; rating and a $845.00 target price for the company. BNP Paribas Exane assumed coverage on shares of Spotify Technology in a research note on Tuesday, September 16th. They set an &#34;outperform&#34; rating and a $900.00 target price for the company. Citigroup boosted their price target on shares of Spotify Technology from $715.00 to $750.00 and gave the stock a &#34;neutral&#34; rating in a research note on Tuesday, September 9th. Finally, Pivotal Research dropped their price objective on shares of Spotify Technology from $900.00 to $875.00 and set a &#34;buy&#34; rating for the company in a report on Wednesday, November 5th.</p><p><b>View Our Latest Stock Analysis on SPOT</b></p><h2>Spotify Technology Stock Performance</h2><ul><li>MarketBeat Week in Review – 11/03 - 11/07</li></ul><p>Shares of SPOT stock opened at $609.12 on Thursday. The stock has a fifty day simple moving average of $635.32 and a two-hundred day simple moving average of $678.18. The firm has a market capitalization of $125.41 billion, a PE ratio of 95.77, a PEG ratio of 1.95 and a beta of 1.66. Spotify Technology has a 52-week low of $443.21 and a 52-week high of $785.00. </p><p>Spotify Technology (NYSE:SPOT - Get Free Report) last released its quarterly earnings data on Tuesday, November 4th. The company reported $3.83 earnings per share for the quarter, topping analysts' consensus estimates of $1.87 by $1.96. Spotify Technology had a return on equity of 21.68% and a net margin of 8.46%.The firm had revenue of $5.01 billion during the quarter, compared to analyst estimates of $4.23 billion. During the same quarter in the prior year, the company posted $1.45 earnings per share. The business's quarterly revenue was up 7.1% compared to the same quarter last year.  On average, sell-side analysts forecast that  Spotify Technology will post 10.3 EPS for the current fiscal year. </p><h2>Institutional Trading of Spotify Technology</h2><ul><li>Spotify Posts Huge EPS Beat: Shares Are Still Down Big From Highs</li></ul><p>A number of large investors have recently added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp purchased a new position in shares of  Spotify Technology in the third quarter valued at $26,000.  Knuff &amp; Co LLC bought a new position in  Spotify Technology during the second quarter valued at $27,000.  Heartwood Wealth Advisors LLC purchased a new position in shares of  Spotify Technology in the 3rd quarter worth $27,000.  Greykasell Wealth Strategies Inc. grew its stake in shares of  Spotify Technology by 3,800.0% in the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 39 shares of the company's stock worth $27,000 after buying an additional 38 shares in the last quarter.  Finally, Total Investment Management Inc. bought a new stake in shares of  Spotify Technology in the 2nd quarter worth about $29,000. Institutional investors own  84.09% of the company's stock. </p><h2>About Spotify Technology</h2> (Get Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Spotify Technology</li><li>What is a Dividend Harvesting Strategy and How Can Investors Profit from it?</li><li>Market Momentum: 3 Stocks Poised for Major Breakouts</li><li>How to Start Investing in Real Estate</li><li>3 Reasons Casey’s General Stores Will Continue Trending Higher</li><li>Special Purpose Acquisition Company (SPAC) What You Need to Know </li><li>Golden Cross Alert: 3 Stocks With Major Upside Potential</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNQT1Q?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNQT1Q"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Spotify Technology Right Now?</h2><p>Before you consider Spotify Technology, you'll want to hear this.</p><p>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.</p><p>While Spotify Technology currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SPOT

<p>Spotify Technology (NYSE:SPOT) has received a consensus "Moderate Buy" rating from 33 analysts. The stock has 9 hold ratings, 22 buy ratings, and 2 strong buy ratings. The average 1-year price target is $758.86. Recent analyst actions include Barclays lowering its target to $700, Argus setting a $845 target, BNP Paribas Exane setting a $900 target, Citigroup raising its target to $750, and Pivotal Research lowering its target to $875. Spotify's recent earnings exceeded expectations with a $3.83 EPS.</p>

Spotify Technology (NYSE:SPOT) Given Consensus Rating of "Moderate Buy" by Brokerages