2 weeks Ago By ABMN Staff
Spotify Technology ( NYSE:SPOT – Get Free Report ) had its price target lifted by research analysts at Morgan Stanley from $430.00 to $460.00 in a note issued to investors on Wednesday, Benzinga reports.
The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price target points to a potential downside of 3.68% from the company’s previous close.
Other analysts have also issued research reports about the company. TD Cowen upped their target price on Spotify Technology from $273.00 to $356.
00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Rosenblatt Securities upped their target price on Spotify Technology from $399.00 to $438.
00 and gave the stock a “buy” rating in a report on Thursday, October 17th. The Goldman Sachs Group upgraded Spotify Technology from a “neutral” rating to a “buy” rating and upped their target price for the stock from $320.00 to $425.
00 in a report on Wednesday, July 24th. Guggenheim increased their price objective on Spotify Technology from $400.00 to $420.
00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Wells Fargo & Company increased their price objective on Spotify Technology from $420.00 to $470.
00 and gave the company an “overweight” rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $421.
69. Check Out Our Latest Stock Report on SPOT Spotify Technology Stock Up 2.2 % Hedge Funds Weigh In On Spotify Technology Several institutional investors have recently modified their holdings of SPOT.
GQG Partners LLC acquired a new position in shares of Spotify Technology during the first quarter worth $610,040,000. Swedbank AB acquired a new position in shares of Spotify Technology during the first quarter worth $198,663,000. WCM Investment Management LLC grew its stake in shares of Spotify Technology by 18.
5% during the third quarter. WCM Investment Management LLC now owns 3,873,625 shares of the company’s stock worth $1,430,142,000 after purchasing an additional 605,755 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Spotify Technology by 36,910.
0% during the third quarter. International Assets Investment Management LLC now owns 347,524 shares of the company’s stock worth $128,073,000 after purchasing an additional 346,585 shares in the last quarter. Finally, Sei Investments Co.
grew its stake in shares of Spotify Technology by 106.8% during the second quarter. Sei Investments Co.
now owns 646,380 shares of the company’s stock worth $202,828,000 after purchasing an additional 333,782 shares in the last quarter. Institutional investors and hedge funds own 84.09% of the company’s stock.
Spotify Technology Company Profile ( Get Free Report ) 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.
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