In today’s recent session, 0.37 million shares of the Spotify Technology S.A (NYSE:SPOT) have been traded, and its beta is 1.69. Most recently the company’s share price was $649.01, and it changed around $16.16 or 2.55% from the last close, which brings the market valuation of the company to $130.31B. SPOT at last check was trading at a discount to its 52-week high of $653.32, offering almost -0.66% off that amount. The share price’s 52-week low was $286.20, which indicates that the recent value has risen by an impressive 55.9% since then.
Spotify Technology S.A stock received a consensus recommendation rating of Buy, based on a mean score of 1.95. If we narrow it down even further, the data shows that 0 out of 41 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 13 recommended SPOT as a Hold, whereas 19 deemed it a Buy, and 3 rated it as Underweight.
Spotify Technology S.A (NYSE:SPOT) trade information
Instantly SPOT has been showing a green trend so far today with a performance of 2.55% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 653.32 on recent trading dayincreased the stock’s daily price by 0.66%. The company’s shares are currently up 45.07% year-to-date, but still up 5.71% over the last five days. On the other hand, Spotify Technology S.A (NYSE:SPOT) is 25.06% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $550, which translates to bulls needing to decrease their stock price by -18.0% from its current value. Analyst projections state that SPOT is forecast to be at a low of $435 and a high of $680.
Spotify Technology S.A earnings are expected to increase by 56.86% in 2025, but the outlook is positive 41.81% per year for the next five years.
SPOT Dividends
Spotify Technology S.A’s next quarterly earnings report is expected to be released in June.
AUSTIN PRIVATE WEALTH, LLC, with 5.8248% or 12.0 million shares worth $377.0 as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD WORLD FUND-Vanguard International Growth Fund and JPMorgan Trust II-JPMorgan Large Cap Growth Fund were the top two Mutual Funds as of Feb 28, 2025 . The former held 3.45 shares worth $2.27 billion, making up 1.69% of all outstanding shares. On the other hand, JPMorgan Trust II-JPMorgan Large Cap Growth Fund held roughly 2.67 shares worth around $1.75 billion, which represents about 1.30% of the total shares outstanding.
