Spotify (SPOT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Spotify Technology SA (NYSE:SPOT) should build on its financial momentum in 2025, according to UBS, which has raised its estimates and price target for the company. Analysts at the Swiss bank identified several potential catalysts, including the launch of premium and superfans tiers, further price increases tied to new features, expansion of audiobooks into additional markets, and improved advertising trends driven by programmatic partnerships.
Spotify Technology stock on Tuesday received a price-target hike from a Wall Street analyst who rates it a "best idea." The post Spotify Stock Is Sounding Good To This Analyst.
Spotify (SPOT) concluded the recent trading session at $458.54, signifying a -0.22% move from its prior day's close.
Goldman Sachs analyst Eric Sheridan maintained Spotify Technology SPOT with a Buy and raised the price target from $490 to $550.
Spotify (SPOT) closed the most recent trading day at $468.93, moving +0.48% from the previous trading session.
Spotify (SPOT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Spotify (SPOT) closed the most recent trading day at $447.38, moving -0.98% from the previous trading session.
Spotify (SPOT) closed at $457.98 in the latest trading session, marking a -0.79% move from the prior day.
Senior executives and board members at Spotify Technology SA (NYSE:SPOT) have sold $1.25 billion worth of stock in 2024, capitalising on a sharp rise in the company's share price, according to the Financial Times and other outlets. Among the largest sellers were co-founders Daniel Ek and Martin Lorentzon, who collectively cashed out $900 million.
Spotify stock price has had a great year as it jumped by over 140% in 2024, bringing its market cap to over $92 billion. SPOT, a leading streaming company, has soared by 563% from its lowest point in 2023.
With SPOT shares on a steady ascent, we assess its current performance to decide whether to invest now or wait for a potential pullback.