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Fintel reports that on April 21, 2023, Morgan Stanley maintained coverage of Spotify Technology (NYSE:SPOT). Overweight recommendation.
Analyst price forecasts suggest a 0.79% gain
As of April 6, 2023, the average one-year price target for Spotify technology is $134.38. Predictions range from a low of $85.85 to a high of $194.25. The average price target represents a 0.79% increase from the latest reported closing price of $133.33.
Check out our leaderboard of companies with the biggest price target upside.
Projected annual revenue for Spotify technology is $13,855 million, an increase of 18.15%. Projected full-year non-GAAP EPS is -$1.88.
What are other shareholders doing?
Dynamic Advisor Solutions holds 4,000 shares representing 0.00% ownership of the company. In previous filings, the company reported that it owned 4,000 of his shares. will increase 10.91%.office gain Portfolio allocation in SPOT increased by 62.83% last quarter.
Tax-Managed International Equity Portfolio – The Tax-Managed International Equity Portfolio holds 1,000 shares representing 0.00% ownership of the company. No change from the previous quarter.
Truist Financial holds 3,000 shares representing 0.00% ownership of the company. In previous filings, the company reported that it owned 4,000 of his shares. Decrease 36.21%.office decreased Portfolio allocation in SPOT increased 72.72% last quarter.
Ieq Capital holds 24,000 shares representing a 0.01% ownership interest in the company. No change from the previous quarter.
LINCOLN VARIABLE INSURANCE PRODUCTS TRUST – LVIP Blended Mid Cap Managed Volatility Fund Standard Class holds 5,000 shares representing 0.00% ownership of the company. In previous filings, the company reported that it owned 10,000 of his shares. Decrease 114.89%.office decreased Portfolio allocation in SPOT increased 57.46% last quarter.
What is Fund Sentiment?
857 funds or institutions have reported positions in Spotify technology. That’s a decrease of 13 owners or 1.49% over the last quarter.Portfolio average weight of all funds SPOT Dedicated was 0.45%, an increase of 11.57%. The total number of shares owned by institutional investors fell by 1.39% to 116,501 thousand shares in the last three months. 
SPOT’s put/call ratio stands at 1.01, indicating a bearish outlook.
Spotify Technology Background Information
(This description is provided by the company.)
Spotify is the world’s most popular audio streaming subscription service, with a community of 345 million monthly active users and 155 million premium subscribers. With a presence in 93 markets and over 70 million tracks, including over 2 million podcast titles, we have transformed the way people access and enjoy music and podcasts.
View all regulatory filings for Spotify technology.
This story was originally published in Fintel.
The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.
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