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Fintel reports that on April 24, 2023, Deutsche Bank maintained its coverage of Spotify Technology (NYSE:SPOT). possession recommendation.
Analyst price forecast suggests 4.10% gain
As of April 24, 2023, the Spotify technology average price target for one year is $139.25. Predictions range from a low of $85.85 to a high of $194.25. The average price target represents a 4.10% increase from the latest reported closing price of 133.76.
Check out our leaderboard of companies with the biggest price target upside.
Spotify Technology’s projected annual revenue is 13,855 MM, an increase of 18.15%. Projected full-year non-GAAP EPS is -1.88.
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.
What are other shareholders doing?
Baillie Gifford owns 27,938,000 shares representing a 14.44% ownership interest in the company. In previous filings, the company reported that it owned 27,965,000 shares of her. Decrease 0.10%.office decreased Portfolio allocation in SPOT increased 7.62% last quarter.
Price T Rowe Associates owns 9,701,000 shares representing a 5.02% ownership interest in the company. In previous filings, the company reported he owned 11,929,000 shares. Decrease 22.96%.office decreased Portfolio allocation in SPOT increased 26.95% last quarter.
VWIGX – Vanguard International Growth Fund Investor Shares holds 9,425,000 shares representing a 4.87% ownership interest in the company. No change from the previous quarter.
Alecta Pensionsforsakring, Omsesidigt holds 3,926,000 shares representing a 2.03% ownership interest in the company. In previous filings, the company reported that it owned 3,036,000 of his shares. will increase 22.67%.office gain Portfolio allocation in SPOT increased by 14.62% last quarter.
Technology Crossover Management VIII holds 3,618,000 shares representing a 1.87% ownership interest in the company. No change from the previous quarter.
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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