Spotify (SPOT) April weekly 275 straddle into quarter results

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Spotify (SPOT) PT Raised to $370 at BofA Securities

April 24, 2024 5:36 AM EDT

BofA Securities analyst Jessica Reif Ehrlich raised the price target on Spotify (NYSE: SPOT) to $370.00 (from $315.00) while maintaining a Buy rating.

The analyst comments "Spotify reported a solid 1Q as revenue, gross margins, operating income and FCF were above our forecast while... More

Spotify (SPOT) PT Raised to $345 at Macquarie

April 23, 2024 4:08 PM EDT

Macquarie analyst Tim Nollen raised the price target on Spotify (NYSE: SPOT) to $345.00 (from $330.00) while maintaining a Outperform rating.

The analyst comments "Spotify's Q1 results included MAU of 615m, 3m below guidance but still up 19% YoY; premium subs of 239m in line with expectations and up 14%; revenue of 3.6bn in line; and, most... More

Spotify (SPOT) PT Raised to $325 at CFRA

April 23, 2024 10:45 AM EDT

CFRA analyst Kenneth Leon raised the price target on Spotify (NYSE: SPOT) to $325.00 (from $242.00) while maintaining a Hold rating.

The analyst comments "We raise our target by $83 to $325 using a forward P/E of 67.0x our '24 earnings estimate, below the five-year... More

Spotify (SPOT) PT Raised to Street High $400 at Pivotal Research

April 23, 2024 9:06 AM EDT

Pivotal Research analyst Jeffrey Wlodarczak raised the price target on Spotify (NYSE: SPOT) to $400.00 (from $390.00) while maintaining a Buy rating.

The analyst comments "Spotify reported a strong 1Q result highlighted by in-line premium MAUs, modestly lower than forecast ad-supported MAUs (on... More