Spotify Technology SA (SPOT) Gets a Hold Rating from Raymond James
Raymond James analyst Andrew Marok maintained a Hold rating on Spotify Technology SA (SPOT) today. The company’s shares closed last Thursday at $266.87.
According to TipRanks.com, Marok is ranked #1468 out of 7012 analysts.
Currently, the analyst consensus on Spotify Technology SA is a Moderate Buy with an average price target of $293.20, a 12.8% upside from current levels. In a report issued on October 27, Deutsche Bank also maintained a Hold rating on the stock with a $250.00 price target.
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The company has a one-year high of $299.67 and a one-year low of $109.18. Currently, Spotify Technology SA has an average volume of 1.47M.
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Spotify Technology SA is a digital music service offering music fans instant access to a world of music. The company operates through the following segments: Premium and Ad-Supported. The Premium segment provides subscribers with unlimited online and offline high-quality streaming access of music and podcasts on computers, tablets, and mobile devices, users can connect through speakers, receivers, televisions, cars, game consoles, and smart watches. It also offers a music listening experience without commercial breaks. The Ad-Supported segment provides users with limited on-demand online access of music and unlimited online access of podcasts on their computers, tablets, and compatible mobile devices. It also serves both premium subscriber acquisition channel and a robust option for users who are unable or unwilling to pay a monthly subscription fee but still want to enjoy access to a wide variety of high-quality audio content. The company was founded by Daniel Ek and Martin Lorentzon in April, 2006 and is headquartered in Luxembourg.
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