While Spotify Technology S.A has overperformed by 2.10%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SPOT rose by 151.65%, with highs and lows ranging from $543.86 to $213.31, whereas the simple moving average jumped by 48.65% in the last 200 days.
On January 17, 2025, Wolfe Research Downgraded Spotify Technology S.A (NYSE: SPOT) to Peer Perform. A report published by Pivotal Research Group on November 13, 2024, Reiterated its previous ‘Buy’ rating for SPOT. Pivotal Research Group also reiterated SPOT shares as ‘Buy’, quoting a target price of $510 on the company’s shares in a report dated September 19, 2024. Cantor Fitzgerald Initiated an Neutral rating on September 05, 2024, and assigned a price target of $340. Goldman July 24, 2024d its ‘Neutral’ rating to ‘Buy’ for SPOT, as published in its report on July 24, 2024. DZ Bank’s report from July 24, 2024 suggests a price prediction of $375 for SPOT shares, giving the stock a ‘Buy’ rating. Pivotal Research Group also rated the stock as ‘Buy’.
Analysis of Spotify Technology S.A (SPOT)
Further, the quarter-over-quarter increase in sales is 19.97%, showing a positive trend in the upcoming months.
One of the most important indicators of Spotify Technology S.A’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 20.53% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.71, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and SPOT is recording 2.62M average volume. On a monthly basis, the volatility of the stock is set at 3.37%, whereas on a weekly basis, it is put at 3.83%, with a gain of 9.70% over the past seven days. Furthermore, long-term investors anticipate a median target price of $522.34, showing decline from the present price of $550.13, which can serve as yet another indication of whether SPOT is worth investing in or should be passed over.
How Do You Analyze Spotify Technology S.A Shares?
The Internet Content & Information market is dominated by Spotify Technology S.A (SPOT) based in the Luxembourg. When comparing Spotify Technology S.A shares with other companies under Communication Services, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 149.19, there is a growth in quarterly earnings of 344.97%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 27.58%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 66.47% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SPOT shares are owned by institutional investors to the tune of 66.47% at present.
