Rosenblatt Securities analyst Mark Zgutowicz reiterated a Buy rating on Spotify Technology SA (SPOT) yesterday and set a price target of $184.00. The company’s shares closed last Monday at $147.00.
According to TipRanks.com, Zgutowicz is a 5-star analyst with an average return of 22.0% and a 73.2% success rate. Zgutowicz covers the Technology sector, focusing on stocks such as Trade Desk, Criteo SA, and Facebook.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Spotify Technology SA with a $169.08 average price target, which is a 12.7% upside from current levels. In a report issued on January 28, Monness also maintained a Buy rating on the stock with a $200.00 price target.
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The company has a one-year high of $161.38 and a one-year low of $110.57. Currently, Spotify Technology SA has an average volume of 1.21M.
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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.
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