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:
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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.
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Pivotal Research分析师Jeffrey Wlodarczak维持$Spotify Technology (SPOT.US)$买入评级，并将目标价从565美元上调至615美元。
根据TipRanks数据显示，该分析师近一年总胜率为55.8%，总平均回报率为2.8%。
此外，综合报道，$Spotify Technology (SPOT.US)$近期主要分析师观点如下：
Spotify第三季度表现显著强劲，其毛利率、营业收入和自由现金流超出预期。鉴于最近一季度的业绩和Q4的指引，对2024年营业收入的预测已经上调，预计在利润率方面将有一个非凡的年份。
分析师注意到Spotify在最近的季度业绩和指引中持续的积极趋势，包括每个用户的平均营业收入增长，毛利率，利息前收入和自由现金流。月活跃用户数的增长在第三季度加速，之前发展平平的情况有所改善，对第四季度的预测也超出了预期。预计Spotify将在2025年达到超过70000万的月活跃用户。
公司对Spotify的情绪在Q3报告后日益向好。预计Spotify将于11月25日被纳入MSCI世界指数，这将为该股票提供额外支撑。Spotify仍然被公司视为一个“最佳创意”。
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