These Analysts Increase Their Forecasts On Spotify After Q4 Results

Benzinga

02-05

Spotify Technology (NYSE:SPOT) reported better-than-expected fiscal fourth-quarter 2024 sales results on Tuesday.

Spotify reported quarterly earnings of $1.88 per share, which missed the analyst consensus estimate of $2.06 per share. The company reported quarterly sales of $4.53 billion (4.24 billion euros), up by 16% year-on-year, which beat the analyst consensus estimate of $4.15 billion.

Spotify expects fiscal first-quarter 2025 revenue of $4.48 billion (4.2 billion euros) versus a consensus of $4.17 billion and total MAUs of 678 million. Spotify paid $10 billion to the music industry in 2024, contributing ~$60 billion since its founding. The premium subscribers rose to 252 million.

Spotify shares gained 13.2% to close at $621.77 on Tuesday.

These analysts made changes to their price targets on Spotify following earnings announcement.

Canaccord Genuity analyst Maria Ripps maintained Spotify Technology with a Buy and raised the price target from $650 to $700.
Guggenheim analyst Michael Morris maintained the stock with a Buy and raised the price target from $520 to $675.

Considering buying SPOT stock? Here’s what analysts think:

Read This Next:

Jim Cramer Says No To BigBear.ai, Recommends Buying This Tech Stock

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The company reported quarterly sales of $4.53 billion (4.24 billion euros), up by 16% year-on-year, which beat the analyst consensus estimate of $4.15 billion.</p>\n<p>Spotify expects fiscal first-quarter 2025 revenue of $4.48 billion (4.2 billion euros) versus a consensus of $4.17 billion and total MAUs of 678 million. Spotify paid $10 billion to the music industry in 2024, contributing ~$60 billion since its founding. The premium subscribers rose to 252 million.</p>\n<p>Spotify shares gained 13.2% to close at $621.77 on Tuesday.</p>\n<p>These analysts made changes to their price targets on Spotify following earnings announcement.</p>\n<ul>\n<li>Canaccord Genuity analyst Maria Ripps maintained Spotify Technology with a Buy and raised the price target from $650 to $700.</li>\n<li>Guggenheim analyst Michael Morris maintained the stock with a Buy and raised the price target from $520 to $675.</li>\n</ul>\n<p><strong>Considering buying SPOT stock? Here’s what analysts think:</strong> </p>\n<figure><img decoding=\"async\" height=\"626\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/05075446/image-2-8-1024x626.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/05075446/image-2-8-1024x626.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/05075446/image-2-8-300x183.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/05075446/image-2-8-768x469.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/05075446/image-2-8.png 1083w\" width=\"1024\"/></figure>\n<p><strong>Read This Next: </strong></p>\n<ul>\n<li><strong>Jim Cramer Says No To BigBear.ai, Recommends Buying This Tech Stock</strong></li>\n</ul>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2362541273.HKD","symbol_name":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (HKD) ACC","start_time":0,"source_url":"https://www.benzinga.com/25/02/43492456/these-analysts-increase-their-forecasts-on-spotify-after-q4-results","article_id":"2509887222","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2509887222","pubTimestamp":1738760173,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":" ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2362541273.HKD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (HKD) ACC","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","SPOT":"Spotify Technology S.A.","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU2362541513.USD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (USD) ACC","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","BK4588":"碎股","BK4548":"巴美列捷福持仓","LU2362540622.SGD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (SGDHDG) ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","BK4585":"ETF&股票定投概念","BK4571":"数字音乐概念","BK4108":"电影和娱乐","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC"},"translate_title":"这些分析师在第四季度业绩公布后上调了对Spotify的预测","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SPOT":1},"content_text":"Spotify Technology (NYSE:SPOT) reported better-than-expected fiscal fourth-quarter 2024 sales results on Tuesday. \nSpotify reported quarterly earnings of $1.88 per share, which missed the analyst consensus estimate of $2.06 per share. The company reported quarterly sales of $4.53 billion (4.24 billion euros), up by 16% year-on-year, which beat the analyst consensus estimate of $4.15 billion.\nSpotify expects fiscal first-quarter 2025 revenue of $4.48 billion (4.2 billion euros) versus a consensus of $4.17 billion and total MAUs of 678 million. Spotify paid $10 billion to the music industry in 2024, contributing ~$60 billion since its founding. The premium subscribers rose to 252 million.\nSpotify shares gained 13.2% to close at $621.77 on Tuesday.\nThese analysts made changes to their price targets on Spotify following earnings announcement.\n\nCanaccord Genuity analyst Maria Ripps maintained Spotify Technology with a Buy and raised the price target from $650 to $700.\nGuggenheim analyst Michael Morris maintained the stock with a Buy and raised the price target from $520 to $675.\n\nConsidering buying SPOT stock? 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