What 16 Analyst Ratings Have To Say About Spotify Technology
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 16 Wall Street analysts have provided ratings on Spotify Technology (NYSE:SPOT), with an average 12-month price target of $187.44, a high of $210.00, and a low of $129.00. The distribution of ratings is 7 bullish, 6 somewhat bullish, and 3 indifferent. There have been no bearish ratings. The average price target has increased by 1.42% over the past month.
December 01, 2023 | 12:00 pm
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POSITIVE IMPACT
Spotify Technology has received a majority of bullish and somewhat bullish ratings from analysts, with no bearish sentiments, indicating a positive outlook. The average price target suggests a potential upside from the current trading price.
The positive analyst ratings and the upward revision of the average price target by 1.42% over the past month suggest optimism about Spotify's future performance. This could lead to increased investor confidence and a potential short-term rise in SPOT's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100