Spotify (SPOT) PT Raised to $325 at CFRA

Spotify (SPOT) PT Raised to $400 at Wells Fargo

Wells Fargo analyst Steven Cahall raised the price target on Spotify (NYSE: SPOT) to $400.00 (from $310.00) while maintaining a Overweight rating.

The analyst comments "SPOT beat on Q1 gross and op margin, and guided Q2 margins ahead of Street. The company continues... More

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

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

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 $396 at Rosenblatt

Rosenblatt analyst Barton Crockett raised the price target on Spotify (NYSE: SPOT) to $396.00 (from $315.00) while maintaining a Buy rating.

The analyst comments "Margin-friendly 1Q24 -- Spotify's sales grew 21% constant currency to 3,636 million, a scant 11 above us, and close to rounded guidance for 3.6 billion. Operating income of 168 million was 12 million below guidance, but included 82... More

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

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

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

(Updated - 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 commented: "Spotify reported a strong 1Q result highlighted by in-line premium MAUs,... More

Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise

(Updated - April 23, 2024 11:45 AM EDT)

Investing.com -- Main U.S. indexes climbed Tuesday ahead of earnings reports from megacap tech companies later this week.

Here are some of the biggest premarket U.S. stock movers today:

Apple (NASDAQ: AAPL) stock rose 0.3% despite news that iPhone sales in China plummeted by 19% during the March quarter, according to data from Counterpoint Research, marking the device's poorest performance in the region since the onset of Covid around... More

Spotify (SPOT) jumps 10% as Q1 revenue, gross margins beat Street's estimates

(Updated - April 23, 2024 8:45 AM EDT)

Shares of Spotify (NYSE: SPOT) jumps 10% in premarket trading Tuesday after the audio streaming company posted better-than-anticipated earnings, revenue and gross margin for the fiscal Q1 2024.

The company reported earnings per share of EUR 0.97, beating the consensus estimates of EUR 0.64. Revenue was reported at EUR 3.64 billion for the quarter, slightly above the consensus... More

Spotify profits up, but lower marketing hits user growth

By Supantha Mukherjee

STOCKHOLM (Reuters) -Spotify's quarterly gross profit topped 1 billion euros ($1.1 billion) for the first time after it reined in marketing spending, although that meant the music streaming giant missed its forecast for monthly active users.

The Swedish company has been growing its user base for years by offering promotions and investing in podcasts and audiobooks. But since last year it started to cut costs, including through layoffs and its marketing budget, to boost margins and profits.

Spotify... More

Spotify (SPOT) Tops Q1 EPS by 33c; offers guidance

Spotify (NYSE: SPOT) reported Q1 EPS of EUR0.97, EUR0.33 better than the analyst estimate of EUR0.64. Revenue for the quarter came in at EUR3.64 billion versus the consensus estimate of EUR3.61 billion.

GUIDANCE:

Spotify sees Q2 2024 revenue of EUR3.8... More

Spotify (SPOT) April weekly option implied volatility into quarter results

Spotify (NYSE: SPOT) April weekly call option implied volatility is at 118, May is at 57; compared to its 52-week range of 29 to 61 into the expected release of quarter results before the bell on April 23.

Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises

(Updated - April 22, 2024 11:19 AM EDT)

Investing.com -- Main U.S. indexes edged higher Monday, starting the new week, dominated by Big Tech earnings, with a positive tone.

Here are some of the biggest U.S. stock movers today:

Tesla (NASDAQ: TSLA) stock fell 4.6% after the EV manufacturer announced fresh price cuts in several key markets, including China and Germany, days after similar reductions in the United States, risking a... More

Spotify (SPOT) PT Raised to $250 at Loop Capital

(Updated - April 22, 2024 7:11 AM EDT)

Loop Capital analyst Alan Gould raised the price target on Spotify (NYSE: SPOT) to $250.00 (from $165.00) while maintaining a Hold rating.

The analyst commented: "We are updating our SPOT model and incorporating the recently announced price... More

Spotify (SPOT) PT Raised to $330 at Canaccord Genuity

(Updated - April 22, 2024 6:57 AM EDT)

Canaccord Genuity analyst Maria Ripps raised the price target on Spotify (NYSE: SPOT) to $330.00 (from $315.00) while maintaining a Buy rating.

The analyst commented: "Q1 results will likely reflect another quarter of solid user growth and... More

Spotify (SPOT) April weekly 275 straddle into quarter results

Spotify (NYSE: SPOT) April weekly 275 straddle priced for a move of 10% into the expected release of quarter results before the bell on April 23.