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Fintel reports that as of April 21, 2023, Benchmark has maintained coverage of Spotify Technology (NYSE:SPOT). buy 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?
FMDGX – Fidelity Mid Cap Growth Index Fund holds 23,000 shares representing a 0.01% ownership interest in the company. In previous filings, the company reported that it owned 22,000 of his shares. will increase of 3.56%.office decreased Portfolio allocation in SPOT increased by 11.18% last quarter.
CMIEX – Multi-Manager International Equity Strategic Fund Institution Class holds 44,000 shares representing a 0.02% ownership interest in the company. In previous filings, the company reported that it owned 48,000 of his shares. Decrease 8.62%.office decreased Portfolio allocation in SPOT increased 34.56% last quarter.
VT – Vanguard Total World Stock Index Fund ETF Shares holds 73,000 shares representing a 0.04% ownership interest in the company. In previous filings, the company reported that it owns 71,000 shares. will increase 2.71%.office gain Portfolio allocation in SPOT increased 25.74% last quarter.
BBTLX – Bridge Builder Tax Managed Large Cap Fund holds 36,000 shares representing a 0.02% ownership interest in the company. In previous filings, the company reported that it owned 6,000 of his shares. will increase 83.50%.office decreased Portfolio allocation in SPOT increased by 14.47% last quarter.
Corient Capital Partners holds 2,000 shares representing 0.00% ownership of the company. No change from the previous 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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