Deutsche Bank: Time To Buy Spotify Technology (SPOT)? Has $155 Valuation Target

June 14, 2018 - By Darrin Black

Why Has Deutsche Bank Given Spotify Technology (SPOT) a $155 Price Target

Research analysts at Deutsche Bank issued a key Hold rating for Spotify Technology (SPOT). The firm started coverage in a note issued to clients and investors on 14 June. The PT gives downside of -12.54 % from the last stock price.

Spotify Technology S.A. (NYSE:SPOT) Ratings Coverage

Among 21 analysts covering Spotify Technology SA (SPOT), 17 have Buy rating, 1 Sell and 3 Hold. Therefore 81% are positive. Spotify Technology SA has $22000 highest and $12000 lowest target. $181.95’s average target is 2.67% above currents $177.22 stock price. Spotify Technology SA had 22 analyst reports since March 29, 2018 according to SRatingsIntel. The company was initiated on Tuesday, May 29 by Pivotal Research. Loop Capital Markets initiated it with “Sell” rating and $12000 target in Tuesday, May 15 report. The firm has “Buy” rating given on Thursday, June 7 by Buckingham Research. On Tuesday, April 24 the stock rating was maintained by FBR Capital with “Hold”. The stock of Spotify Technology S.A. (NYSE:SPOT) has “Buy” rating given on Monday, April 30 by Bank of America. The firm has “Buy” rating given on Thursday, March 29 by RBC Capital Markets. The firm has “Buy” rating given on Monday, April 30 by J.P. Morgan. The stock of Spotify Technology S.A. (NYSE:SPOT) earned “Buy” rating by Atlantic Securities on Wednesday, March 28. As per Monday, April 30, the company rating was initiated by Evercore. The firm has “Buy” rating given on Monday, April 30 by UBS.

The stock increased 3.74% or $6.4 during the last trading session, reaching $177.22. About 1.51M shares traded. Spotify Technology S.A. (SPOT) has 0.00% since June 14, 2017 and is . It has underperformed by 12.57% the S&P500.

Analysts await Spotify Technology S.A. (NYSE:SPOT) to report earnings on August, 1. After $-1.01 actual earnings per share reported by Spotify Technology S.A. for the previous quarter, Wall Street now forecasts -39.60 % EPS growth.

Spotify Technology S.A., together with its subsidiaries, provides music streaming services worldwide. The company has market cap of $31.57 billion. It operates through two divisions, Premium and Ad-Supported. It currently has negative earnings. The Premium segment offers commercial-free music services to subscribers comprising unlimited online and offline high-quality streaming access to its catalog.

More notable recent Spotify Technology S.A. (NYSE:SPOT) news were published by: Benzinga.com which released: “Deutsche Bank Holds Spotify, But Names 4 Ways It Could Turn Bullish On The Streaming Service” on June 14, 2018, also Benzinga.com with their article: “For Spotify’s Stock, Raymond James Says ‘Stream On'” published on May 18, 2018, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For June 14, 2018” on June 14, 2018. More interesting news about Spotify Technology S.A. (NYSE:SPOT) were released by: Seekingalpha.com and their article: “Why Spotify’s Future Looks Bright” published on May 16, 2018 as well as Benzinga.com‘s news article titled: “The Power Of Spotify Playlists Could Ward Off Aggressive Labels, Analyst Says In Upgrade” with publication date: June 07, 2018.

Spotify Technology S.A. (NYSE:SPOT) Ratings Chart

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