2 weeks Ago By Defense World Staff
Spotify Technology ( NYSE:SPOT – Get Free Report ) had its price target hoisted by analysts at Morgan Stanley from $430.00 to $460.00 in a research report issued to clients and investors on Wednesday, Benzinga reports.
The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price target would indicate a potential downside of 3.68% from the company’s previous close.
A number of other research firms have also commented on SPOT. Barclays lifted their target price on Spotify Technology from $350.00 to $360.
00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. TD Cowen lifted their price objective on Spotify Technology from $273.00 to $356.
00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. DZ Bank raised Spotify Technology from a “hold” rating to a “buy” rating and set a $375.00 price objective for the company in a report on Wednesday, July 24th.
Guggenheim lifted their price objective on Spotify Technology from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th.
Finally, Benchmark lifted their price objective on Spotify Technology from $430.00 to $440.00 and gave the stock a “buy” rating in a report on Monday.
One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $421.69.
View Our Latest Analysis on Spotify Technology Spotify Technology Stock Up 2.2 % Institutional Investors Weigh In On Spotify Technology Large investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc.
grew its stake in shares of Spotify Technology by 5.8% during the third quarter. First Horizon Advisors Inc.
now owns 478 shares of the company’s stock valued at $176,000 after buying an additional 26 shares during the last quarter. West Bancorporation Inc. grew its stake in shares of Spotify Technology by 3.
4% during the third quarter. West Bancorporation Inc. now owns 827 shares of the company’s stock valued at $305,000 after buying an additional 27 shares during the last quarter.
Avior Wealth Management LLC grew its stake in shares of Spotify Technology by 12.0% during the third quarter. Avior Wealth Management LLC now owns 281 shares of the company’s stock valued at $104,000 after buying an additional 30 shares during the last quarter.
Washington Trust Advisors Inc. grew its stake in shares of Spotify Technology by 12.0% during the third quarter.
Washington Trust Advisors Inc. now owns 299 shares of the company’s stock valued at $110,000 after buying an additional 32 shares during the last quarter. Finally, Rakuten Securities Inc.
grew its stake in shares of Spotify Technology by 40.5% during the third quarter. Rakuten Securities Inc.
now owns 111 shares of the company’s stock valued at $41,000 after buying an additional 32 shares during the last quarter. 84.09% of the stock is owned by institutional investors.
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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