On Nov 13, major Wall Street analysts update their ratings for $Spotify Technology (SPOT.US)$, with price targets ranging from $460 to $565.
Morgan Stanley analyst Benjamin Swinburne maintains with a buy rating, and adjusts the target price from $430 to $460.
J.P. Morgan analyst Doug Anmuth maintains with a buy rating, and adjusts the target price from $425 to $530.
Barclays analyst Kannan Venkateshwar maintains with a buy rating, and adjusts the target price from $385 to $475.
Wells Fargo analyst Steven Cahall maintains with a buy rating, and adjusts the target price from $470 to $520.
KeyBanc analyst Justin Patterson maintains with a buy rating.
Furthermore, according to the comprehensive report, the opinions of $Spotify Technology (SPOT.US)$'s main analysts recently are as follows:
Spotify's Q3 outcomes and Q4 projections maintained the year's favorable tendencies, exhibiting stronger-than-anticipated growth in average revenue per user, gross margins, and EBIT/FCF. Following several quarters of lackluster monthly active user net additions, there was a notable uptick in growth during Q3, and the projections for Q4 surpassed expectations. It is projected that Spotify will surpass 700 million monthly active users by 2025.
The firm is incrementally positive on Spotify following the Q3 report, with expectations that its inclusion in the MSCI World Index on November 25 will provide support to the shares. Spotify continues to be regarded as a 'Best Idea'.
Spotify's trajectory for margin expansion is expected to continue leveraging several drivers through to 2025.
The firm sees Spotify's Q3 outcomes as confirmation that product innovation is propelling revenue growth, with unit economics on the upswing, and indications of positive changes in margins and free cash flow. Notably, the emphasis by management on operational discipline is expected to guide Spotify towards approximately 20% revenue growth sustained over time and continuous enhancement in margins.
Here are the latest investment ratings and price targets for $Spotify Technology (SPOT.US)$ from 6 analysts:
Note:
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美東時間11月13日，多家華爾街大行更新了$Spotify Technology (SPOT.US)$的評級，目標價介於460美元至565美元。
摩根士丹利分析師Benjamin Swinburne維持買入評級，並將目標價從430美元上調至460美元。
摩根大通分析師Doug Anmuth維持買入評級，並將目標價從425美元上調至530美元。
巴克萊銀行分析師Kannan Venkateshwar維持買入評級，並將目標價從385美元上調至475美元。
富國集團分析師Steven Cahall維持買入評級，並將目標價從470美元上調至520美元。
KeyBanc分析師Justin Patterson維持買入評級。
此外，綜合報道，$Spotify Technology (SPOT.US)$近期主要分析師觀點如下：
Spotify的第三季度結果和第四季度預測保持了今年的良好趨勢，展現出用戶平均營業收入、毛利和EBIT/自由現金流增長超出預期。在經歷了幾個季度的月活躍用戶數淨增加疲軟後，第三季度的增長顯著攀升，第四季度的預測也超過了預期。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，公司的看法對Spotify逐步轉好，預計其在11月25日納入MSCI世界指數將爲股票提供壓力位。Spotify仍被視爲"最佳理念"。
預計Spotify的利潤擴張軌跡將在2025年前繼續利用多個驅動力。
該公司認爲Spotify的第三季度結果確認了產品創新正在推動營業收入增長，單位經濟體狀況正在改善，並且毛利和自由現金流的積極變化開始顯現。值得注意的是，管理層對運營紀律的重視預計將指導Spotify實現約20%的持續營業收入增長，並不斷提升毛利。
以下爲今日6位分析師對$Spotify Technology (SPOT.US)$的最新投資評級及目標價：
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