Stock opinions on Spotify Technology S.A. (SPOT) leadership transition and analyst downgrade

IVE BRUCE WESTERMAN sold up to $15,000 on 04/21. The Quiver Quantitative congressional trading dashboard tracks congressional stock trading for $SPOT.

Institutional investors have shown significant activity concerning Spotify Technology S.A. stock. 744 institutional investors have added shares to their portfolios, while 458 have decreased their positions in the most recent quarter. Some notable moves include Baillie Gifford & Co removing 1,210,072 shares from their portfolio, FMR LLC adding 1,001,188 shares, and Capital World Investors adding 865,786 shares. On the other hand, GQG Partners LLC removed 736,300 shares, JPMorgan Chase & Co removed 716,275 shares, and other institutions made adjustments to their holdings. Quiver Quantitative’s institutional holdings dashboard provides insights into hedge fund activity related to Spotify Technology S.A.

Analysts on Wall Street have been actively covering Spotify Technology S.A., with 17 firms issuing buy ratings and 0 issuing sell ratings. Recent reports include a “Buy” rating from Argus Research, an “Overweight” rating from JP Morgan, and an “Outperform” rating from Oppenheimer. UBS, Benchmark, Keybanc, and Barclays have also issued positive ratings for the stock. Quiver Quantitative’s $SPOT forecast page allows investors to track analyst ratings and price targets for Spotify Technology S.A.

Several analysts have put forth price targets for $SPOT in the last six months, with a median target of $775.00. Notable analysts like Barton Crockett from Rosenblatt, Eric Sheridan from Goldman Sachs, and Doug Anmuth from JP Morgan have set target prices ranging from $679.00 to $805.00. Other analysts, including Joseph Bonner, Jason Bazinet, Michael Morris, and Jason Helfstein, have provided their insights and target prices for Spotify Technology S.A. The article reminds readers that it is not financial advice and encourages them to refer to Quiver Quantitative’s disclaimers for more information regarding potential inaccuracies.

In conclusion, discussions on Spotify Technology S.A. have been centered around various aspects such as analyst ratings, leadership transitions, and congressional stock trading. The outlook for the company remains diverse as investors navigate through the latest developments to make informed decisions about their investments.