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On March 22, 2023, Guggenheim announced the prospect of Spotify Technology (NYSE:SPOT) neutral To buy.
Analyst Price Predictions Suggest a 0.90% Gain
As of March 22, 2023, the average one-year price target for Spotify technology is $129.97. Predictions range from a low of $83.83 to a high of $194.25. The average price target represents a 0.90% increase from the latest reported closing price of $128.81.
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 do major shareholders do?
Baillie Gifford & holds 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 by 64.46% 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.
What is Fund Sentiment?
857 funds or institutions have reported positions in Spotify technology. That’s a decline of his four owners or 0.46% in the last quarter.Portfolio average weight of all funds SPOT only was 0.41%, a decrease of 1.87%. The total number of shares owned by institutional investors fell by 0.76% to 117,362,000 shares over the past three months. SPOT’s put/call ratio stands at 0.97, indicating a bullish 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.
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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