Fintel reports that on April 21, 2025, Wolfe Research upgraded their outlook for Spotify Technology (NYSE:SPOT) from Peer Perform to Outperform.
Analyst Price Forecast Suggests 17.19% Upside
As of April 1, 2025, the average one-year price target for Spotify Technology is $655.30/share. The forecasts range from a low of $382.31 to a high of $777.00. The average price target represents an increase of 17.19% from its latest reported closing price of $559.20 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Spotify Technology is 16,799MM, an increase of 7.18%. The projected annual non-GAAP EPS is -0.74.
What is the Fund Sentiment?
There are 1,937 funds or institutions reporting positions in Spotify Technology. This is an increase of 310 owner(s) or 19.05% in the last quarter. Average portfolio weight of all funds dedicated to SPOT is 0.71%, an increase of 4.26%. Total shares owned by institutions increased in the last three months by 9.15% to 162,374K shares. 
The put/call ratio of SPOT is 1.12, indicating a bearish outlook.
What are Other Shareholders Doing?
Baillie Gifford holds 13,158K shares representing 6.43% ownership of the company. In its prior filing, the firm reported owning 15,570K shares , representing a decrease of 18.34%. The firm increased its portfolio allocation in SPOT by 5.34% over the last quarter.
Jpmorgan Chase holds 5,906K shares representing 2.89% ownership of the company. In its prior filing, the firm reported owning 4,395K shares , representing an increase of 25.58%. The firm increased its portfolio allocation in SPOT by 59.85% over the last quarter.
VWIGX - Vanguard International Growth Fund Investor Shares holds 4,488K shares representing 2.19% ownership of the company. In its prior filing, the firm reported owning 5,274K shares , representing a decrease of 17.51%. The firm increased its portfolio allocation in SPOT by 19.14% over the last quarter.
Wcm Investment Management holds 3,789K shares representing 1.85% ownership of the company. In its prior filing, the firm reported owning 3,874K shares , representing a decrease of 2.23%. The firm increased its portfolio allocation in SPOT by 24.21% over the last quarter.
Massachusetts Financial Services holds 3,414K shares representing 1.67% ownership of the company. In its prior filing, the firm reported owning 3,492K shares , representing a decrease of 2.28%. The firm increased its portfolio allocation in SPOT by 25.42% over the last quarter.
Spotify Technology Background Information
(This description is provided by the company.)
Spotify is the world's most popular audio streaming subscription service with a community of 345 million Monthly Active Users and 155 million Premium Subscribers. With a presence in 93 markets, and more than 70 million tracks including over 2 million podcast titles, it has transformed the way people access and enjoy music and podcasts.
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This story originally appeared on Fintel.
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