On Nov 14, major Wall Street analysts update their ratings for $Spotify Technology (SPOT.US)$, with price targets ranging from $435 to $540.
Morgan Stanley analyst Benjamin Swinburne maintains with a buy rating, and adjusts the target price from $430 to $460.
Goldman Sachs analyst Eric Sheridan maintains with a buy rating, and adjusts the target price from $430 to $490.
BofA Securities analyst Jessica Reif Ehrlich maintains with a buy rating, and adjusts the target price from $430 to $515.
Deutsche Bank analyst Benjamin Black CFA maintains with a buy rating, and adjusts the target price from $440 to $500.
Wells Fargo analyst Steven Cahall maintains with a buy rating, and maintains the target price at $520.
Furthermore, according to the comprehensive report, the opinions of $Spotify Technology (SPOT.US)$'s main analysts recently are as follows:
Analysts note that Spotify delivered a 'very strong' Q3, with its gross margin, operating income, and free cash flow surpassing expectations. After the company disclosed Q3 results and Q4 projections, forecasts for the 2024 operating income were raised, anticipating an 'extraordinary year on margins'.
The recent Q3 outcomes and Q4 forecasts for Spotify demonstrate a continuation of the year's positive trends, with ARPU growth, gross margins, and EBIT/FCF surpassing expectations. Following several quarters of lackluster MAU net additions, there was a noticeable uptick in growth during Q3, with the Q4 outlook also exceeding forecasts. It is anticipated that Spotify will surpass 700M MAUs by 2025.
Following the Q3 report, the sentiment towards Spotify has become increasingly positive, anticipating a boost in the shares with the company's anticipated addition to the MSCI World Index on November 25. The opinion reflects that Spotify continues to be a top pick.
Post-earnings, Spotify's trajectory for margin expansion is observed to have several driving factors that could influence its growth leading into 2025.
The company delivered a robust quarter, slightly surpassing subscriber expectations, while its profit and notably free cash flow, were significantly above the anticipated figures and consensus estimates. Spotify has achieved the lower spectrum of its 30%-35% gross margin goal and is projected to reach GAAP profitability within this year.
Here are the latest investment ratings and price targets for $Spotify Technology (SPOT.US)$ from 16 analysts:
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美東時間11月14日，多家華爾街大行更新了$Spotify Technology (SPOT.US)$的評級，目標價介於435美元至540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。
高盛集團分析師Eric Sheridan維持買入評級，並將目標價從430美元上調至490美元。
美銀證券分析師Jessica Reif Ehrlich維持買入評級，並將目標價從430美元上調至515美元。
德意志銀行分析師Benjamin Black CFA維持買入評級，並將目標價從440美元上調至500美元。
富國集團分析師Steven Cahall維持買入評級，維持目標價520美元。
此外，綜合報道，$Spotify Technology (SPOT.US)$近期主要分析師觀點如下：
分析師指出，Spotify在第三季度表現出 "非常強勁的 "業績，毛利率、營業收入和自由現金流均超出預期。在公司披露第三季度業績和第四季度預測後，2024年的營業收入預測上調，預計將是"利潤方面的非凡一年"。
Spotify最近的第三季度結果和第四季度預測顯示出今年積極趨勢的持續，ARPU增長、毛利率以及EBIT/自由現金流均超出預期。在經歷了多個季度的活躍用戶淨增加乏力後，第三季度的增長顯著回升，第四季度的展望也超過了預測。預計到2025年，Spotify的活躍用戶將超過70000萬。
在第三季度報告後，市場對Spotify的情緒變得越來越積極，預計公司的股票會因其預計於11月25日加入MSCI世界指數而上漲。市場觀點認爲，Spotify仍然是一個熱門選擇。
在業績公佈後，觀察到Spotify毛利擴張的軌跡有幾個驅動因素，這些因素可能會影響其在2025年的增長。
公司在本季度表現強勁，略微超出訂閱用戶預期，其利潤和特別是自由現金流均顯著高於預期和市場共識的數字。Spotify已經達到了30%-35%毛利率目標的下限，並預計將在今年內實現GAAP盈利。
以下爲今日16位分析師對$Spotify Technology (SPOT.US)$的最新投資評級及目標價：
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