Deutsche Bank Begins Covering Spotify (SPOT) Stock. “Shares to Hit $155.0”

June 14, 2018 - By Jeanette Kaplan

Why Has Deutsche Bank Given Spotify (SPOT) a $155.0 Price Target

Deutsche Bank analyst has started coverage with a Hold rating on Spotify (SPOT) today and set a price target of $155.0. The firm’s shares opened today at 178.1.

Spotify Technology S.A. (NYSE:SPOT) Ratings Coverage

Among 21 analysts covering Spotify Technology SA (SPOT), 17 have Buy rating, 1 Sell and 3 Hold. Therefore 81% are positive. Spotify Technology SA has $22000 highest and $12000 lowest target. $181.95’s average target is 2.16% above currents $178.1 stock price. Spotify Technology SA had 22 analyst reports since March 29, 2018 according to SRatingsIntel. As per Thursday, March 29, the company rating was initiated by RBC Capital Markets. On Monday, April 30 the stock rating was initiated by J.P. Morgan with “Buy”. The stock of Spotify Technology S.A. (NYSE:SPOT) earned “Buy” rating by UBS on Monday, April 30. On Thursday, June 7 the stock rating was upgraded by Buckingham Research to “Buy”. The stock has “Buy” rating by Evercore on Monday, April 30. As per Wednesday, March 28, the company rating was initiated by Atlantic Securities. The firm earned “Sell” rating on Tuesday, May 15 by Loop Capital Markets. Pivotal Research initiated the stock with “Buy” rating in Tuesday, May 29 report. The firm has “Buy” rating by Bank of America given on Monday, April 30. The firm has “Hold” rating by FBR Capital given on Tuesday, April 24.

The stock increased 4.26% or $7.28 during the last trading session, reaching $178.1. About 4.31 million shares traded or 28.08% up from the average. Spotify Technology S.A. (SPOT) has 0.00% since June 15, 2017 and is . It has underperformed by 12.57% the S&P500.

Analysts await Spotify Technology S.A. (NYSE:SPOT) to report earnings on August, 1. After $-1.01 actual EPS reported by Spotify Technology S.A. for the previous quarter, Wall Street now forecasts -39.60 % EPS growth.

Spotify Technology S.A., together with its subsidiaries, provides music streaming services worldwide. The company has market cap of $31.73 billion. It operates through two divisions, Premium and Ad-Supported. It currently has negative earnings. The Premium segment offers commercial-free music services to subscribers comprising unlimited online and offline high-quality streaming access to its catalog.

More notable recent Spotify Technology S.A. (NYSE:SPOT) news were published by: Seekingalpha.com which released: “Wall Street Breakfast: Fed Day Comes Round Again” on June 13, 2018, also Benzinga.com with their article: “Deutsche Bank Holds Spotify, But Names 4 Ways It Could Turn Bullish On The Streaming Service” published on June 14, 2018, Fool.com published: “Here’s How 10 Big IPOs Are Doing Now” on June 14, 2018. More interesting news about Spotify Technology S.A. (NYSE:SPOT) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For June 14, 2018” published on June 14, 2018 as well as Benzinga.com‘s news article titled: “The Power Of Spotify Playlists Could Ward Off Aggressive Labels, Analyst Says In Upgrade” with publication date: June 07, 2018.

Spotify Technology S.A. (NYSE:SPOT) Ratings Chart

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