Spotify Technology (NYSE:SPOT) Given New $720.00 Price Target at Guggenheim

Spotify Technology (NYSE:SPOT) had its price target trimmed by Guggenheim from $750.00 to $720.00 in a report published on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on SPOT. Moffett Nathanson initiated coverage on Spotify Technology in a research note on Tuesday, January 27th. They set a “neutral” rating and a $487.00 target price for the company. Wells Fargo & Company dropped their price objective on Spotify Technology from $750.00 to $710.00 and set an “overweight” rating on the stock in a report on Tuesday, January 13th. Citigroup raised shares of Spotify Technology from a “neutral” rating to a “buy” rating and set a $650.00 price target on the stock in a report on Friday, January 30th. Cantor Fitzgerald dropped their price target on Spotify Technology from $615.00 to $525.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Citizens Jmp initiated coverage on Spotify Technology in a research note on Wednesday, December 17th. They set a “market outperform” rating and a $800.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Spotify Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $706.42.

Spotify Technology Stock Down 9.9%

SPOT stock traded down $48.09 during midday trading on Wednesday, hitting $439.08. The company’s stock had a trading volume of 2,675,426 shares, compared to its average volume of 3,448,572. The firm has a 50-day simple moving average of $538.15 and a 200-day simple moving average of $623.62. Spotify Technology has a 52-week low of $405.00 and a 52-week high of $785.00. The firm has a market capitalization of $90.40 billion, a P/E ratio of 45.92, a PEG ratio of 0.89 and a beta of 1.66.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.16 by $2.00. Spotify Technology had a net margin of 13.16% and a return on equity of 33.06%. The company had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the previous year, the firm earned $1.88 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. On average, sell-side analysts expect that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Spotify Technology

A number of hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Spotify Technology during the 4th quarter worth about $711,460,000. Capital World Investors boosted its position in shares of Spotify Technology by 40.7% during the 3rd quarter. Capital World Investors now owns 2,730,713 shares of the company’s stock valued at $1,906,260,000 after acquiring an additional 789,755 shares in the last quarter. Capital Research Global Investors bought a new stake in shares of Spotify Technology in the 3rd quarter valued at approximately $512,190,000. Principal Financial Group Inc. lifted its holdings in Spotify Technology by 3,534.9% during the 3rd quarter. Principal Financial Group Inc. now owns 571,474 shares of the company’s stock valued at $398,889,000 after purchasing an additional 555,752 shares during the last quarter. Finally, National Pension Service bought a new position in Spotify Technology in the fourth quarter valued at about $316,278,000. 84.09% of the stock is currently owned by institutional investors.

Key Headlines Impacting Spotify Technology

Here are the key news stories impacting Spotify Technology this week:

• Positive Sentiment: Q4 earnings beat: revenue and EPS topped estimates, operating margin expanded and Spotify reported record MAU growth (about 751M) and 290M paid subscribers — the core fundamentals behind today’s rally. Spotify Technology SA (SPOT) Q4 2025 Earnings Call Highlights
• Positive Sentiment: Management messaging: CEO/co‑CEO framed 2026 as a year of raised ambition with tighter execution after leadership changes — investors interpret this as improved operational discipline and clearer strategy. Spotify CEO delivers strong message on its future
• Positive Sentiment: AI and new monetization plans: Spotify is pushing AI-driven “derivatives” and fan remix/cover tools as potential new artist revenue and platform revenue streams — a signal of meaningful upside beyond core subscriptions and ads. Spotify eyes AI ‘derivatives’ as new revenue stream for artists
• Neutral Sentiment: Analyst upgrades/price-target raises: Barclays raised its PT to $650 (overweight), and several firms retained Buy ratings despite trimming targets — supporting the bullish narrative but reflecting varied valuation views. Barclays raises Spotify price target
• Neutral Sentiment: Target resets but still-high endpoints: Guggenheim and KeyCorp trimmed price targets to ~$720 but kept favorable stances — signals that sell‑side models are recalibrating but many still see upside. Guggenheim price-target note
• Negative Sentiment: Some analyst caution remains: Pivotal downgraded SPOT to Hold with a $420 target, and at least one note flagged structural deceleration risks — reminders that ad recovery and longer-term growth cadence are not certain. Pivotal Research downgrade / price target
• Negative Sentiment: Ad revenue is still a potential weak spot: company prioritized subscription growth this quarter; ad recovery is expected but not guaranteed, leaving a short-term risk to revenue mix. MarketBeat analysis on ad revenue and outlook

Spotify Technology Company Profile

Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.