Citi increases Spotify stock target, keeps neutral rating on ...

2 days ago · On Tuesday, Citi analyst Jason Bazinet increased the stock price target for Spotify Technology S.A. (NYSE:SPOT), the popular audio streaming platform, to $500 from the …

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Citi Increases Spotify Stock Target, Keeps Neutral Rating On ...

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2 days ago · On Tuesday, Citi analyst Jason Bazinet increased the stock price target for Spotify Technology S.A. (NYSE:SPOT), the popular audio streaming platform, to $500 from the …

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$500
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Citi Increases Spotify Stock Target, Keeps Neutral Rating On ...

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On Tuesday, Citi analyst Jason Bazinet increased the stock price target for Spotify Technology S.A. (NYSE:SPOT), the popular audio streaming platform, to $500 from the previous $370 …

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$500
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Spotify Price Target Raised To $500 From $370 At Citi

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2 days ago · Citi raised the firm’s price target on Spotify to $500 from $370 and keeps a Neutral rating on the shares.Along with updating estimates to reflect Q3 results and the latest outlook, …

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Spotify (SPOT) PT Raised To $500 At Citi, 'Risk-Reward Remains …

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1 day ago · Citi analyst Jason Bazinet raised the price target on Spotify (NYSE: SPOT) to $500.00 (from $370.00) while maintaining a Neutral rating.The analyst comments "Raising Our Target …

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$310.00
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Citi Stays Neutral On Spotify Stock On Q2 Mixed Results

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On Tuesday, Citi reaffirmed its Neutral stance on Spotify Technology SA (NYSE: SPOT), maintaining a price target of $310.00 for the company's shares. The decision follows Spotify's …

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Spotify Stock Has Had A Huge Run. Why An Analyst Says Take …

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Citi analyst Jason Bazinet cut his rating on the streaming audio company’s shares to Neutral from Buy, while keeping his target price at $190. The stock on Friday is off 2.2%, to $181.13.

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Citi Reacts To Spotify's Strategic Shift With Significant $55 Stock PT ...

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May 7, 2024 · On Tuesday, Citi updated its assessment of Spotify (NYSE: SPOT) Technology S.A. (NYSE:SPOT), raising the music streaming company's price target to $310 from the …

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Spotify: Hold Rating With Target Price Adjustment Amid Mixed …

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May 7, 2024 · Analyst Jason Bazinet of Citi maintained a Hold rating on Spotify Technology SA (SPOT – Research Report), with a price target of $310.00. ...

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Spotify Technology S.A.: Target Price Consensus And Analysts ...

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5 days ago · UBS Adjusts Price Target on Spotify Technology to $485 From $415, Keeps Buy Rating Nov. 13: MT BofA Securities Raises Price Target on Spotify Technology to $515 From …

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$215.35
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UBS Upgrades Spotify Stock (NYSE: SPOT) Rating And Target

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Jan 31, 2024 · And while Spotify stock was worth $215.35 per share when trading wrapped today, down slightly from opening, Tuesday brought a 52-week high of an even $224 for SPOT.

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Citizens Financial Group Stock: A Deep Dive Into Analyst ... - Nasdaq

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1 day ago · Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $49.86, with a high estimate of $59.00 and a low estimate of $45.00.

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Kohl's Stock Target Cut, Keeps Hold Rating Amid Aggressive Actions

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1 day ago · Despite these setbacks, the company managed to increase its gross margin and saw a 15% rise in beauty sales through its partnership with Sephora. Telsey Advisory Group, …

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Spotify’s Strategic Shifts And Strong Performance Prompt Buy …

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Feb 7, 2024 · These factors underpin the raised target price from $232 to $300, reflecting confidence in Spotify’s future financial performance and its path to sustainable profitability.

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FAQs about Citi increases Spotify stock target, keeps neutral rating on ... Coupon?

Is it a good idea to buy Spotify (SPOT) stock?

At $349.26, the average Spotify stock price target suggests 11.4% upside potential. If you’re considering buying SPOT stock, the most accurate analyst to follow is Mark Kelley from Stifel Nicolaus, with an average return of 53.9% per rating and a 67% success rate. ...

Does Spotify have a risk-reward strategy?

“While we like Spotify’s strategy and execution, we no longer believe the risk-reward is compelling,” Bazinet wrote in a research note. “And when we look at consensus estimates, we see a few reasons to be a tad more cautious.” Overall, the analyst says the company has made some smart moves recently. ...

Is Spotify's Q2 guidance a good investment?

Spotify’s Q2 guidance appears quite promising, suggesting that its ongoing user and revenue growth momentum is set to be sustained. That said, I continue to find shares quite expensive, which explains my neutral stance on the stock. Specifically, management expects €3.8 billion in revenue in Q2, implying a 22% year-over-year increase. ...

Why is Spotify accelerating revenue growth?

In the meantime, the company enjoys strong pricing power, which, along with a larger number of users and strong advertising results, led to an acceleration in revenue growth. Let’s take a deeper look. Starting with user growth, Spotify had 615 million MAUs at the end of the quarter—a 19% rise from the previous year. ...

Why did Tim Nollen raise Spotify's target price?

Tim Nollen’s outlook is further supported by Spotify’s operational efficiency measures, improved cost control, and an upgraded forecast for subscriber growth. These factors underpin the raised target price from $232 to $300, reflecting confidence in Spotify’s future financial performance and its path to sustainable profitability. ...

How did Spotify's user growth compare to the previous year?

Spotify's user growth was strong, with 615 million MAUs at the end of the quarter, a 19% rise from the previous year. Breaking it down, premium MAUs saw a solid increase of 14% to 239 million, while ad-supported MAUs saw an even more significant increase of 22% to 388 million. ...