Spotify Technology SA (SPOT) Receives a Hold from Rosenblatt Securities

Spotify Technology SA (SPOTResearch Report) received a Hold rating and a $150.00 price target from Rosenblatt Securities analyst Barton Crockett today. The company’s shares closed last Tuesday at $137.41, close to its 52-week low of $118.20.

According to, Crockett is ranked #1543 out of 7928 analysts.

Spotify Technology SA has an analyst consensus of Moderate Buy, with a price target consensus of $228.17, implying a 71.9% upside from current levels. In a report issued on April 4, UBS also maintained a Hold rating on the stock with a $185.00 price target.

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Spotify Technology SA’s market cap is currently $25.49B and has a P/E ratio of -669.81.

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Founded in 2006, Luxembourg-based Spotify Technology SA is the world’s most popular audio streaming subscription service. It serves a community of over 320 million users across 92 markets. The company generates revenue from Premium and Ad-Supported segments. The Premium segment provides subscribers with unlimited online and offline high-quality streaming access to music and podcasts. It also offers a music listening experience without commercial breaks. The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its subscribers with no subscription fees. The company also provides sales, marketing, contract research and development, and customer support services.

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