The findings presented by Bloomberg indicate that the common sentiment regarding Spotify Technology is that the stock ought to be purchased with a rating of “Moderate Buy” and that the price goal should be set at $181.76.
Thirteen financial analysts recommend making a purchase, while twelve others recommend holding on to the stock in one’s portfolio. This was the last piece of news related to this topic. Finally, in a research report released on Wednesday, September 7, Rosenblatt Securities lowered their price goal on shares of Spotify Technology from $118.00 to $112.00 and assigned the company a “neutral” rating. Finally, in a research report released on Monday, July 25, Morgan Stanley downgraded their rating on Spotify Technology shares from “overweight” to “equal weight.”Īdditionally, Morgan Stanley lowered their price objective on the stock from $170.00 to $140.00 on the same day. The report raised the price target from $137.00 to $164.00.
In a research report released on June 9, Bank of America raised their price target on Spotify Technology from $137.00 to $164.00 and upgraded the company from a “hold” rating to a “buy” rating in a research report. In addition, the report stated that they lowered their price target on the stock from $185.00 to $142.50. In a research report issued on Thursday, July 28, UBS Group lowered their “neutral” rating on Spotify Technology shares and lowered their price target on the stock from $185.00 to $142.50 in a research report. Both of these moves were made about the company’s stock. In a research report released on Wednesday, June 15, Wells Fargo & Company raised their target price on Spotify Technology from $101.00 to $120.00 and upgraded the stock from an “underweight” rating to an “equal weight” rating. Several other research companies have recently offered their points of view about SPOT. The goal for Truist Financial shows that the stock price could go up by 35.47 percent from where it is now.ĭeposit $100 and get a $110 to trade stocks
The equity research analysts at Truist Financial lowered their price objective for Spotify Technology (NYSE: SPOT) from $150.00 to $125.00 in a research note that was issued on Thursday.
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