Form 144 Spotify Technology S.A. Filed by: Berg Katarina

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/22/2026

1. SPCX
2. NVDA
3. NFLX
4. ISRG
5. TSLA
6. META
7. RTX
8. SMCI
9. GOOGL
10. S

Go back to Form 144 Spotify Technology S.A. Filed by: Berg Katarina

If Spotify’s share price is right, then this share price is 100% wrong: JPMorgan

February 7, 2025 6:30 PM EST

JPMorgan analysts argued in a note Friday that Universal Music Group (UMG) is significantly undervalued compared to Spotify, despite both companies being part of the same industry and sharing the same fundamental growth drivers.

"UMG & Spotify are part of the same value chain; they share the same growth drivers, the same customers & to a large extent the same revenue, wrote the bank.... More