Spotify Technology S.A [NYSE: SPOT] price surged by 13.24 percent to reach at $72.69.
The one-year SPOT stock forecast points to a potential downside of -17.36. The average equity rating for SPOT stock is currently 1.80, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Spotify Technology S.A [SPOT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SPOT shares is $529.78 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SPOT stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wolfe Research have made an estimate for Spotify Technology S.A shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on January 17, 2025. While these analysts kept the previous recommendation, Pivotal Research Group raised their target price from $510 to $565. The new note on the price target was released on November 13, 2024, representing the official price target for Spotify Technology S.A stock. Previously, the target price had yet another raise from $460 to $510, while Pivotal Research Group kept a Buy rating on SPOT stock.
The Average True Range (ATR) for Spotify Technology S.A is set at 21.26, with the Price to Sales ratio for SPOT stock in the period of the last 12 months amounting to 7.44. The Price to Book ratio for the last quarter was 24.30, with the Price to Cash per share for the same quarter was set at 34.62. Price to Free Cash Flow for SPOT in the course of the last twelve months was 61.26 with Quick ratio for the last quarter at 1.71.
SPOT Stock Performance Analysis:
Spotify Technology S.A [SPOT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 17.14. With this latest performance, SPOT shares gained by 35.82% in over the last four-week period, additionally plugging by 87.93% over the last 6 months – not to mention a rise of 183.97% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SPOT stock in for the last two-week period is set at 86.92, with the RSI for the last a single of trading hit 92.85, and the three-weeks RSI is set at 81.90 for Spotify Technology S.A [SPOT]. The present Moving Average for the last 50 days of trading for this stock 485.49, while it was recorded at 561.67 for the last single week of trading, and 374.27 for the last 200 days.
Insight into Spotify Technology S.A Fundamentals:
Spotify Technology S.A’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.71 and a Current Ratio set at 1.71.
Spotify Technology S.A [SPOT] Institutonal Ownership Details
The top three institutional holders of SPOT stocks are: BAILLIE GIFFORD & CO with ownership of 16.1 million shares, which is approximately 8.1323%. AUSTIN PRIVATE WEALTH, LLC, holding 12.0 million shares of the stock with an approximate value of $$377.0 in SPOT stocks shares; and AUSTIN PRIVATE WEALTH, LLC, currently with $$2.58 billion in SPOT stock with ownership which is approximately 4.159%.
