Spotify Technology (NYSE:SPOT) Research Coverage Started at Morgan Stanley

Morgan Stanley started coverage on shares of Spotify Technology (NYSE:SPOT) in a research report released on Monday morning. The brokerage issued an overweight rating and a $630.00 price objective on the stock.

Several other equities analysts also recently issued reports on SPOT. Wells Fargo & Company reduced their price objective on shares of Spotify Technology from $750.00 to $710.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 13th. Pivotal Research downgraded shares of Spotify Technology from a “buy” rating to a “hold” rating and cut their price target for the stock from $875.00 to $420.00 in a research note on Wednesday, February 11th. Cantor Fitzgerald cut their price target on shares of Spotify Technology from $615.00 to $525.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Sanford C. Bernstein cut their price target on shares of Spotify Technology from $830.00 to $650.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 14th. Finally, Arete Research raised shares of Spotify Technology from a “neutral” rating to a “buy” rating and set a $586.00 price target on the stock in a research note on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Spotify Technology currently has a consensus rating of “Moderate Buy” and an average target price of $690.17.

Spotify Technology Stock Performance

Shares of SPOT opened at $529.85 on Monday. The company has a market capitalization of $109.09 billion, a price-to-earnings ratio of 54.96, a PEG ratio of 1.12 and a beta of 1.70. The company’s 50 day simple moving average is $489.75 and its 200 day simple moving average is $560.68. Spotify Technology has a 1 year low of $405.00 and a 1 year high of $785.00.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.16 by $2.00. The business had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.14 billion. Spotify Technology had a net margin of 13.16% and a return on equity of 31.35%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.88 earnings per share. Equities analysts expect that Spotify Technology will post 10.3 EPS for the current fiscal year.

Insider Buying and Selling

In other Spotify Technology news, CEO Gustav Soderstrom sold 20,833 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $473.52, for a total transaction of $9,864,842.16. Following the transaction, the chief executive officer owned 20,609 shares of the company’s stock, valued at $9,758,773.68. This trade represents a 50.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Alex Norstrom sold 5,436 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $479.51, for a total transaction of $2,606,616.36. Following the completion of the transaction, the chief executive officer directly owned 69,989 shares in the company, valued at approximately $33,560,425.39. This represents a 7.21% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Spotify Technology

A number of hedge funds have recently made changes to their positions in the business. Helios Capital Management PTE. Ltd. increased its stake in Spotify Technology by 56.3% during the 3rd quarter. Helios Capital Management PTE. Ltd. now owns 7,500 shares of the company’s stock worth $5,235,000 after buying an additional 2,700 shares during the period. Bessemer Group Inc. increased its stake in Spotify Technology by 35.1% during the 3rd quarter. Bessemer Group Inc. now owns 682,639 shares of the company’s stock worth $476,483,000 after buying an additional 177,310 shares during the period. Truxt Investmentos Ltda. purchased a new stake in Spotify Technology during the 3rd quarter worth $2,093,000. Ownership Capital B.V. purchased a new stake in Spotify Technology during the 3rd quarter worth $2,769,000. Finally, Vanguard Group Inc. increased its stake in Spotify Technology by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,005,882 shares of the company’s stock worth $702,106,000 after buying an additional 24,199 shares during the period. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Key Spotify Technology News

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

• Positive Sentiment: Shareholders approved the board, auditor and a new buyback authorization at Spotify’s 2026 AGM — a direct governance and capital-return catalyst that can support the stock by enabling buybacks and signaling shareholder alignment. Spotify Shareholders Back Board, Auditor and New Buyback Authorization at 2026 AGM
• Positive Sentiment: KeyCorp raised its price target to $745 and maintains an “overweight” view, adding institutional support and implying significant upside vs. recent levels. KeyCorp raises price target
• Positive Sentiment: Spotify expanded commerce by adding the ability to sell physical books in the U.S. and U.K. (reports note Kindle-like commerce for audiobooks/physical titles) — a potential incremental revenue stream and further monetization of the platform. Spotify is selling books now Spotify launches the ability to purchase physical books
• Positive Sentiment: Independent bullish coverage (Seeking Alpha) highlights user growth and strong earnings momentum ahead of Q1, supporting positive investor momentum. Spotify: I See The Stock As A Top Hit Ahead Of Q1
• Positive Sentiment: Analyst consensus remains constructive (reported “Moderate Buy”), which supports demand from buy-side managers tracking consensus signals. Spotify Given Consensus Recommendation of Moderate Buy
• Neutral Sentiment: New coverage from Morgan Stanley was initiated — coverage initiation increases analyst attention and liquidity but impact depends on the firm’s stance and model assumptions. Morgan Stanley Begins Coverage on Spotify
• Neutral Sentiment: Articles comparing Spotify vs. peers (PAYC) and user-tip pieces are informational and unlikely to move the stock materially by themselves. PAYC or SPOT: Which Is the Better Value Stock Right Now? PAYC or SPOT: Which Is the Better Value Stock Right Now?
• Neutral Sentiment: Consumer-facing content like “10 hacks every Spotify user should know” may help engagement but is not a significant stock catalyst. 10 hacks every Spotify user should know
• Negative Sentiment: Wells Fargo trimmed its price target to $640 — a downgrade in target reduces upside perception and can weigh on sentiment, especially if other banks follow. Wells Fargo Lowers Spotify Price Target
• Negative Sentiment: Reports that AI-generated impersonations of musicians are proliferating on the platform highlight content-moderation, legal and brand-risk concerns that could create regulatory, licensing or PR headwinds. AI impersonations flood Spotify

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.