Streetbeat News

SPOT

Spotify Technology S.A.

https://www.spotify.com

Industry

Internet Content & Information

Spotify Technology S.A., together with its subsidiaries, provides audio streaming services worldwide. It operates through Premium and Ad-Supported segments. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its subscribers on their computers, tablets, and compatible mobile devices. The company also offers sales, marketing, contract research and development, and customer support services. As of December 31, 2021, its platform included 406 million monthly active users and 180 million premium subscribers in 184 countries and territories. The company was incorporated in 2006 and is based in Luxembourg, Luxembourg.

Open

399.00

Mkt cap

78B

Volume

2.7M

High

403.76

P/E Ratio

160.58

52-wk high

403.76

Low

391.48

Div yield

N/A

52-wk low

167.64

Tesla, Alphabet, GM, and Ford are among the key companies reporting earnings this week, which could influence the market's direction. Tesla is expected to report a significant decline in EPS due to price cuts, while Alphabet's earnings will be closely watched as it is the first AI-levered mega-cap to report. The market has seen a pullback, with major indices like QQQ and SPY retreating from record highs.

Portfolio Pulse from Shanthi Rexaline

July 21, 2024 | 9:18 pm

Deep-pocketed investors have shown unusual bearish options activity towards Spotify Technology (NYSE:SPOT), with 54% of the trades being bearish. This significant move suggests potential price volatility. Analysts have mixed ratings, with price targets ranging from $230 to $410.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 2:48 pm

The article highlights a surge in options activity for Spotify Technology (NYSE:SPOT), with a noticeable bullish stance from large investors. Analysis of recent trades shows a mix of bullish and bearish sentiments, with significant trades targeting a price range of $210 to $350. Analysts have mixed ratings on SPOT, with price targets ranging from $230 to $410.

Portfolio Pulse from Benzinga Insights

July 15, 2024 | 6:45 pm

Top Wall Street analysts have updated their outlooks on several major stocks, including Atlassian, Universal Display, First Solar, CrowdStrike, Spotify, Costco, Deere, Walgreens, Netflix, and Advance Auto Parts. These updates include both price target increases and decreases, as well as rating changes.

Portfolio Pulse from Avi Kapoor

July 02, 2024 | 5:53 pm

B of A Securities analyst Jessica Reif Ehrlich maintains a Buy rating on Spotify Technology (NYSE:SPOT) and raises the price target from $370 to $380.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 11:44 am

Spotify Technology (NYSE:SPOT) has outperformed the market over the past 5 years with an average annual return of 16.35%, resulting in a significant increase in investment value. A $100 investment in SPOT 5 years ago would now be worth $213.25.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 7:00 pm

Epic Games is working to relaunch 'Fortnite' on its own app store for iPhone users in the EU, complying with Apple's notarization process despite previous conflicts. This move follows the EU's Digital Markets Act, which allows third-party developers more access to Apple's platform.

Portfolio Pulse from Ananya Gairola

July 01, 2024 | 6:16 am

EU regulators found that Apple violated the Digital Markets Act by blocking software developers from telling customers how to access content outside the App Store. Apple is also facing a separate investigation for charging a 'core technology fee' for iOS apps in the EU. In the U.S., Apple is defending itself against antitrust charges. The Digital Markets Act aims to limit the monopoly power of tech giants like Apple, Amazon, Alphabet, Microsoft, ByteDance, and Meta. The European Commission is also investigating Alphabet and Meta for similar issues.

Portfolio Pulse from Upwallstreet

June 26, 2024 | 1:17 pm

YouTube is negotiating with record labels to develop new AI music tools. This move aims to enhance user experience and create new revenue streams. The development could impact companies like Alphabet (GOOG, GOOGL), Apple (AAPL), Spotify (SPOT), and Warner Music Group (WMG).

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:53 pm

The New York Times plans to move its podcasts, including popular shows like 'Serial' and 'The Daily,' behind a paywall, limiting access to subscribers. This move is aimed at boosting subscription revenue.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 6:53 pm

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