A number of other research analysts also recently commented on the stock. Goldman Sachs Group reaffirmed a buy rating and issued a $170.00 target price on shares of Spotify Technology in a research report on Tuesday, April 30th. Raymond James raised their price objective on shares of Spotify Technology from $172.00 to $180.00 and gave the stock a strong-buy rating in a research report on Thursday, July 25th. Evercore ISI downgraded shares of Spotify Technology from an in-line rating to an underperform rating in a research report on Monday, June 24th. UBS Group downgraded shares of Spotify Technology from a buy rating to a hold rating and lowered their price objective for the stock from $155.00 to $150.00 in a research report on Wednesday. Finally, Royal Bank of Canada reissued a buy rating and set a $185.00 price objective on shares of Spotify Technology in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Spotify Technology presently has a consensus rating of Buy and a consensus price target of $170.00.
Shares of NYSE SPOT traded down $2.14 during mid-day trading on Thursday, reaching $153.47. The company had a trading volume of 953,839 shares, compared to its average volume of 1,434,785. The company has a current ratio of 0.76, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The stock has a 50 day simple moving average of $148.57. The stock has a market cap of $28.14 billion, a PE ratio of -255.78 and a beta of 1.84. Spotify Technology has a 52-week low of $103.29 and a 52-week high of $196.95.
Spotify Technology Company Profile
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.
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