Spotify has upside to consensus due to higher margin verticals - Wolfe Research

Spotify (SPOT) PT Raised to $320 at Goldman Sachs

Goldman Sachs analyst Eric Sheridan raised the price target on Spotify (NYSE: SPOT) to $320.00 (from $317.00) while maintaining a Neutral rating.

The analyst comments "head of its upcoming Q2 24 earnings report, we expect Spotify (SPOT) to report solid results with possible upside on its gross margin &... More

Wolfe Research Starts Spotify (SPOT) at Outperform

Wolfe Research analyst Devin Brisco initiates coverage on Spotify (NYSE: SPOT) with a Outperform rating and a price target of $390.00.

For an analyst ratings summary and ratings history on Spotify click here. For more ratings news on Spotify click here.

Shares of Spotify closed at $304.99 yesterday.

Jefferies is bullish on streaming stocks

Jefferies initiated coverage on Spotify (NYSE: SPOT), Universal Music Group, and Warner Music Group Corp. (NASDAQ: WMG) with Buy ratings in a note Thursday, highlighting their strong growth prospects within the rapidly expanding music streaming industry.

The investment firm said that Spotify, in particular, has emerged as its top pick, driven by its... More

Midday movers: Nvidia and Apple fall as investors flee megacap tech

(Updated - July 11, 2024 11:49 AM EDT)

Investing.com -- U.S. stock futures declined Thursday despite the release of key inflation data that surprised to the downside, bolstering hopes the Fed will cut interest rates in September. Following the data investors flocked into small cap stocks, spurning heavily weighted megacap names like NVIDIA (NASDAQ: NVDA) and Apple (NASDAQ: AAPL), triggering a decline in major averages.

Here are some of the biggest U.S. stock movers... More

Spotify (SPOT) PT Raised to $400 at UBS

(Updated - July 11, 2024 7:46 AM EDT)

UBS analyst Batya Levi raised the price target on Spotify (NYSE: SPOT) to $400.00 (from $375.00) while maintaining a Buy rating.

The analyst commented: "We remain constructive onSPOT shares and continue to see upside to street estimates as... More

Jefferies Assumes Spotify (SPOT) at Buy

Jefferies analyst James Heaney assumes coverage on Spotify (NYSE: SPOT) with a Buy rating and a price target of $385.00 (from $242.00).

The analyst comments: "We are increasingly confident in SPOT's ability to comfortably deliver sustainable 15%+ rev growth over the next 3 years. Underscoring our... More

KeyBanc raises price targets on Spotify, Netflix shares

KeyBanc analysts are bullish on streaming giants Netflix (NASDAQ: NFLX) and Spotify (NYSE: SPOT), raising their price targets for both companies in separate notes Wednesday.

For Netflix, KeyBanc expects a strong second-quarter earnings report, citing a "strong... More

Redburn cuts WMG, Spotify stock ratings to Sell; shares down

Redburn Atlantic has downgraded Warner Music Group (NASDAQ: WMG) and Spotify (NYSE: SPOT) shares to Sell, citing structural challenges and valuation concerns.

For WMG, Redburn highlights the discrepancies between their streaming growth projections and consensus forecasts.

Despite factoring in announced cost savings, their adjusted OIBDA (Operating Income Before Depreciation and Amortization) forecasts... More

Redburn-Atlantic Downgrades Spotify (SPOT) to Sell

Redburn-Atlantic analyst Agnieszka Pustula downgraded Spotify (NYSE: SPOT) from Neutral to Sell with a price target of $230.00.

The analyst comments: "Our analysis suggests that consensus is overestimating the potential of price-led growth which, alongside maturing streaming penetration in western markets, pose a significant... More

Spotify (SPOT) PT Raised to $410 at KeyBanc

(Updated - July 10, 2024 7:53 AM EDT)

KeyBanc analyst Justin Patterson raised the price target on Spotify (NYSE: SPOT) to $410.00 (from $400.00) while maintaining a Overweight rating.

The analyst commented, "Given recent pricing changes, we believe consensus may be too... More