Spotify Technology SA (NYSE:SPOT) has earned an average broker rating score of 1.83 (Buy) from the fifteen analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell rating, four have assigned a hold rating, one has given a buy rating and nine have issued a strong buy rating on the company. Spotify Technology’s rating score has declined by 8.3% in the last three months as a result of various analysts’ ratings changes.
Analysts have set a 12 month consensus price objective of $189.63 for the company and are expecting that the company will post ($0.52) EPS for the current quarter, according to Zacks. Zacks has also given Spotify Technology an industry rank of 110 out of 256 based on the ratings given to related companies.
Several equities research analysts have issued reports on SPOT shares. Goldman Sachs Group set a €152.00 ($176.74) target price on Aena SME and gave the stock a “sell” rating in a research report on Tuesday, April 30th. Pivotal Research restated a “buy” rating and set a $165.00 target price on shares of Spotify Technology in a research report on Monday, April 29th. Evercore ISI downgraded Spotify Technology from an “in-line” rating to an “underperform” rating in a research report on Monday, June 24th. Finally, UBS Group upped their price target on shares of Spotify Technology from $180.00 to $182.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th.
Spotify Technology (NYSE:SPOT) last posted its earnings results on Monday, April 29th. The company reported ($0.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.53). The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Spotify Technology had a positive return on equity of 13.72% and a negative net margin of 1.08%. On average, analysts anticipate that Spotify Technology will post -2.7 earnings per share for the current fiscal year.
About Spotify Technology
Spotify Technology SA, together with its subsidiaries, provides music streaming services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers commercial-free music services to subscribers comprising unlimited online and offline high-quality streaming access to its catalog.
Featured Story: Why do analysts give a neutral rating?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Spotify Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spotify Technology and related companies with MarketBeat.com's FREE daily email newsletter.