Key Highlights:
- Spotify Technology (SPOT, Financial) raises subscription prices by 1 Euro across Europe and Latin America.
- Wall Street analysts provide an average price target for Spotify shares with potential upside.
- GuruFocus estimates a GF Value indicating a potential downside from the current stock price.
Spotify Technology (SPOT) is evolving its pricing strategy by increasing individual subscription fees by 1 Euro ($1.14) in European and Latin American markets, starting with countries like the Netherlands and Luxembourg. This adjustment aligns with the platform's plans to introduce super-premium options that may offer early access to music and concert tickets.
Wall Street Analysts' Predictions
Currently, 36 analysts have set their one-year price targets for Spotify Technology SA (SPOT, Financial), with the average target price standing at $641.41. This includes a high estimate of $741.20 and a low estimate of $379.13, reflecting an average implied upside of 3.33% from the current share price of $620.72. For more detailed information, visit the Spotify Technology SA (SPOT) Forecast page.
Analyst Ratings and Recommendations
According to 39 brokerage firms, Spotify Technology SA (SPOT, Financial) currently holds an average brokerage recommendation of 2.2, signifying an "Outperform" rating. This rating is part of a scale from 1 to 5, where 1 indicates a Strong Buy and 5 signals a Sell.
GF Value Assessment
GuruFocus has valued Spotify Technology SA (SPOT, Financial) with a one-year GF Value of $251.01, suggesting a potential downside of 59.56% from the current stock price of $620.72. GF Value represents GuruFocus' calculation of the fair trading value of the stock, based on historical trading multiples, past business growth, and future performance projections. For a deeper dive into Spotify's financial estimates, you can check the Spotify Technology SA (SPOT) Summary page.
