Evercore ISI analyst Kevin Rippey upgraded Spotify Technology SA (SPOT) to Hold today. The company’s shares closed last Monday at $114.00, close to its 52-week low of $103.29.
Rippey has an average return of 24.0% when recommending Spotify Technology SA.
According to TipRanks.com, Rippey is ranked #4717 out of 5547 analysts.
Currently, the analyst consensus on Spotify Technology SA is a Moderate Buy with an average price target of $172.77.
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Spotify Technology SA’s market cap is currently $20.12B and has a P/E ratio of 67.20. The company has a Price to Book ratio of 7.45.
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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.
