Four top stock analysts have shifted to a bearish outlook for Spotify (NYSE: SPOT). Monday, Guggenheim, Deutsche Bank, Stifel and Nomura reset their target prices to $120, $135, $170 and $188 respectively. All are above Spotify’s current $119.36 price at close of market Monday. Spotify made its market debut last…
Category archives: stock
Spotify (SPOT) Stock To Rise Up To 80%, says Top Analyst, Sees "Music Industry As Highly Investable"
UPDATED: Spotify stock will rise to $200 within the next 12 months, according to top analyst Rob Sanderson of MKM Partners. Spotify (SPOT) stock was trading at $110.96 in pre-market trading on Wednesday, making the $200 prediction an 80% upside. The stock closed at $112.71 on Wednesday. The Dow ended…
Spotify Stock Hits All Time Low And It’s Going To Go Lower [NASDAQ: SPOT]
Spotify stock closed down 4.14% on Thursday at $114.54, it’s lowest closing price ever. A down market may be accelerating the streamer’s decline, but as Chris Castle dove into Spotify’s stock woes, he saw its radical IPO strategy led to some of the company’s current complications and ensuing dip in…
Spotify Sees $1.5B Tencent Windfall As Stock Hits New Low (NASDAQ: SPOT)
The value of Spotify’s stake in Tencent Music nearly double when the Chinese music streamer went public on the New York Stock Exchange last week. Spotify’s windfall could top $1.5 billion and make the company profitable in Q4. Spotify stock closed at $120.47 Monday, a post-IPO low. In December 2017,…
Spotify To Rise 60% say 33 Top Analysts as Stock Hits New Low, Sheds $12B Value (NASDAQ:SPOT)
Spotify stock closed at $125.68 on Friday, ticking up slightly from an all time day-end low of $125.55 the day before. In late July, Spotify’s stock was soaring at $196.28, raising the streamer’s market cap to $35.3 billion. 5 months later the Spotify market cap has fallen more than $12…
Tencent Music Sets 2018 U.S. IPO, Spotify Could Net $2B
After speculation that Tencent Music would delay its IPO until 2019, the streamer filed paperwork Monday to move forward with a U.S. stock offering before the end of 2018. The IPO could also be a big win for Spotify. The music division of Chinese tech and shopping giant Tencent Holdings…
Institutional Investors Bought $1.4B In Spotify Stock In Q3 (NASDAQ:SPOT)
At least nine major institutional investors have significantly upped their stake in Spotify (NASDAQ:SPOT) in recent months. Total new institutional investments in Spotify topped $1.4 billion in Q3. ________________________ In the 3rd quarter institutional investments included: ARK Investment Management added 37% to its Spotify stock portfolio for a total value…
Institutional Investors Bought $1.4B In Spotify Stock In Q3 (NASDAQ:SPOT)
At least nine major institutional investors have significantly upped their stake in Spotify (NASDAQ:SPOT) in recent months. Total new institutional investments in Spotify topped $1.4 billion in Q3. ________________________ In the 3rd quarter institutional investments included: ARK Investment Management added 37% to its Spotify stock portfolio for a total value…
Spotify Stock Ready To Rebound After All-Time Low
Spotify stock was up 2.31% to $132.70 in pre-market trading on Wednesday, after hitting an all time of $120.49 on Tuesday. The streamer’s apparent recovery began on Tuesday afternoon, with the stock rising 2.37% and closing at $129.70. While several analysts have reduced their target price to the $175 to…
STOCK WATCH: Eventbrite, Spotify and Snap
With more music and music related stock traded on the public markets, Hypebot is stepping up its coverage of the markets, quarterly reports and earnings calls. Here, with a help from CelebrityAccess, are updates on Eventbrite, Spotify and Snap. Snapchat parent company Snap saw its stock drop in pre-market trading…