New Buy Rating for Spotify Technology SA (SPOT), the Technology Giant

In a report released today, Brian White from Monness maintained a Buy rating on Spotify Technology SA (SPOT), with a price target of $200.00. The company’s shares closed last Monday at $119.00.

According to, White is a top 100 analyst with an average return of 22.2% and a 69.3% success rate. White covers the Technology sector, focusing on stocks such as Slack Technologies Inc,, and Alphabet Inc.

Currently, the analyst consensus on Spotify Technology SA is a Moderate Buy with an average price target of $172.77.

See today’s analyst top recommended stocks >>

Spotify Technology SA’s market cap is currently $21B and has a P/E ratio of 70.15. The company has a Price to Book ratio of 7.78.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Spotify Technology SA is a digital music service offering music fans instant access to a world of music. The company enables on-demand streaming of audio content and aim to combat music piracy by offering a user experience, while monetizing licensed content with an ad-supported, free-to-the-user model and a premium, paid model.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts