A significant amount of unusual options activity has been observed for Spotify Technology (NYSE:SPOT), with a majority of investors taking a bearish stance. Of the 35 unusual trades detected, 77% were bearish and 22% bullish. The total amount for puts was $905,620 and for calls was $758,390. Whales have been targeting a price range from $125.0 to $240.0 for Spotify over the last 3 months. Current price of SPOT is up 1.05% at $172.89. Analysts from Truist Securities, Goldman Sachs, and Raymond James maintain their ratings while Morgan Stanley downgraded its action to Overweight with a price target of $170.