Goldman Sachs analyst Eric Sheridan maintained Spotify Technology SPOT with a Buy and raised the price target from $490 to $550.Ahead of its fourth-quarter 2024 earnings report, Sheridan previewed current industry data, addressed key investor debates, and highlighted the potential financial implications of Spotify’s launch of further offerings for the creator economy (which will scale in 2025).Since its last earnings report, Spotify stock has outperformed (+12% versus the S&P 500, which remained flat over t ...

Spotify (SPOT) closed at $468.93 in the latest trading session, marking a +0.48% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.55%. Meanwhile, the Dow experienced a drop of 0.06%, and the technology-dominated Nasdaq saw an increase of 1.24%.Market participants will be closely following the financial results of Spotify in its upcoming release. The company plans to announce its earnings on February 4, 2025. In that report, analysts expect Spotify to post earnings of $ ...

Spotify Technology S.A. (SPOT) stock has surged 142% this year, significantly outpacing the technology services industry’s 50% growth and the Zacks S&P 500 composite’s 25% return.Image Source: Zacks Investment ResearchLet’s evaluate SPOT’s position to determine if its current levels offer an attractive opportunity for investors.SPOT Stock Surges Amid Revenue Rebound Price HikesSpotify has demonstrated a remarkable turnaround in 2024 by successfully re-accelerating its revenue growth. After experiencing a sl ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Spotify (SPOT) .Spotify currently has an average brokerage recommendation ...

I love everything about Spotify (NYSE: SPOT ). From a product perspective, as my 2024 Spotify wrapped highlighted, I have consumed ~41,000 minutes of the platforms content during the months January through December, equal to about ~Experience as an investment analyst for a major BB-Bank, as well as private equity consultant for MBB. Currently working towards the CFA charter, having completed I&II. Passion for risk-assets (Growth, Contrarian, Emerging Market) ex-colleague and close friend of Investor Express ...

In the latest market close, Spotify (SPOT) reached $480.11, with a +0.67% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.54%. On the other hand, the Dow registered a loss of 0.53%, and the technology-centric Nasdaq decreased by 0.66%.The music-streaming service operator's stock has climbed by 2.04% in the past month, falling short of the Business Services sector's gain of 3.43% and outpacing the S&P 500's gain of 1.5%.Investors will be eagerly w ...

Spotify (SPOT) ended the recent trading session at $476.91, demonstrating a +1.13% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.82% gain on the day. Meanwhile, the Dow lost 0.22%, and the Nasdaq, a tech-heavy index, added 1.77%. Heading into today, shares of the music-streaming service operator had gained 12.44% over the past month, outpacing the Business Services sector's gain of 2.43% and the S&P 500's gain of 0.8% in that time. Market participants will be closely fol ...

Spotify Technology S.A. (SPOT) stock has experienced a 153% upsurge this year, surpassing the industry’s 64% rally and the 26% rise of the Zacks S&P 500 composite.Year-to-Date Price Performance  Image Source: Zacks Investment Research In the most recent trading session, the stock closed at $475.24, nearing its 52-week high of $489.69. SPOT is trading above its 50-day moving average, reflecting bullish investor sentiment.SPOT Stock Trades Above 50-Day Average Image Source: Zacks Investment Research With SPOT ...

This leading streaming company has made its investors a fortune in the past two years.Stock splits have been in vogue recently. Large technology companies like Amazon, Alphabet, Nvidia, and Tesla have split their stocks after seeing their share prices get close to $1,000 or more. This financial engineering tactic didn't change anything about these stocks' underlying businesses, but it can make it easier for individual investors to buy a single share.One potential stock-split candidate is Spotify (SPOT -0.29 ...

Spotify will no longer allow developers building third-party apps with its Web API to access several features within the music streaming platform, such as song and artist recommendations, the company announced in a developer blog post on Wednesday. The company appears to be limiting third-party developers from building AI apps using data from Spotify listeners.“As part of our ongoing work to address the security challenges that many companies navigate today, we’re making changes to our public APIs,” said a ...