Pivotal Research analyst Jeffrey Wlodarczak maintains $Spotify Technology (SPOT.US)$ with a buy rating, and adjusts the target price from $565 to $615.
According to TipRanks data, the analyst has a success rate of 55.8% and a total average return of 2.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Spotify Technology (SPOT.US)$'s main analysts recently are as follows:
Spotify's third-quarter performance was notably robust, with its gross margin, operating income, and free cash flow surpassing expectations. In light of the recent quarter's results and the guidance for Q4, forecasts for the 2024 operating income have been revised upwards, with anticipation of a remarkable year in terms of margins.
Analysts observed continued positive trends in average revenue per user growth, gross margins, and earnings before interest and free cash flow, as evidenced by Spotify's recent quarterly results and guidance. Growth in monthly active users, which had previously been underwhelming, picked up pace in the third quarter, with projections for the fourth quarter surpassing expectations. It is forecasted that Spotify will surpass 700 million monthly active users by the year 2025.
The firm's sentiment towards Spotify has grown increasingly positive following the Q3 report. It is anticipated that Spotify's forthcoming inclusion in the MSCI World Index on November 25 will provide additional support to the stock. Spotify continues to be regarded as a 'Best Idea' by the firm.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
Pivotal Research分析師Jeffrey Wlodarczak維持$Spotify Technology (SPOT.US)$買入評級，並將目標價從565美元上調至615美元。
根據TipRanks數據顯示，該分析師近一年總勝率為55.8%，總平均回報率為2.8%。
此外，綜合報道，$Spotify Technology (SPOT.US)$近期主要分析師觀點如下：
Spotify在第三季度的表現顯著強勁，其毛利率、營業收入和自由現金流均超出預期。鑑於最近一個季度的結果及對第四季度的指引，2024年的營業收入預測已上調，預計這一年在毛利率方面將表現出色。
分析師觀察到Spotify的平均每用戶營業收入增長、毛利率和稅息前利潤及自由現金流的持續積極趨勢，這在Spotify近期季度報告和指引中得到了證明。之前增長乏力的月活躍用戶數在第三季度有所回升，第四季度的預測超過預期。預計到2025年，Spotify的月活躍用戶數將超過70000萬。
在第三季度報告後，市場對Spotify的情緒變得越來越積極。預計Spotify將於11月25日納入MSCI全球指數，這將爲股價提供額外的支持。Spotify繼續被視爲該公司的"最佳投資"。
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