On Nov 13, major Wall Street analysts update their ratings for $Spotify Technology (SPOT.US)$, with price targets ranging from $460 to $565.
Morgan Stanley analyst Benjamin Swinburne maintains with a buy rating, and adjusts the target price from $430 to $460.
J.P. Morgan analyst Doug Anmuth maintains with a buy rating, and adjusts the target price from $425 to $530.
Barclays analyst Kannan Venkateshwar maintains with a buy rating, and adjusts the target price from $385 to $475.
Wells Fargo analyst Steven Cahall maintains with a buy rating, and adjusts the target price from $470 to $520.
KeyBanc analyst Justin Patterson maintains with a buy rating.
Furthermore, according to the comprehensive report, the opinions of $Spotify Technology (SPOT.US)$'s main analysts recently are as follows:
Spotify's Q3 outcomes and Q4 projections maintained the year's favorable tendencies, exhibiting stronger-than-anticipated growth in average revenue per user, gross margins, and EBIT/FCF. Following several quarters of lackluster monthly active user net additions, there was a notable uptick in growth during Q3, and the projections for Q4 surpassed expectations. It is projected that Spotify will surpass 700 million monthly active users by 2025.
The firm is incrementally positive on Spotify following the Q3 report, with expectations that its inclusion in the MSCI World Index on November 25 will provide support to the shares. Spotify continues to be regarded as a 'Best Idea'.
Spotify's trajectory for margin expansion is expected to continue leveraging several drivers through to 2025.
The firm sees Spotify's Q3 outcomes as confirmation that product innovation is propelling revenue growth, with unit economics on the upswing, and indications of positive changes in margins and free cash flow. Notably, the emphasis by management on operational discipline is expected to guide Spotify towards approximately 20% revenue growth sustained over time and continuous enhancement in margins.
Here are the latest investment ratings and price targets for $Spotify Technology (SPOT.US)$ from 6 analysts:
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美东时间11月13日，多家华尔街大行更新了$Spotify Technology (SPOT.US)$的评级，目标价介于460美元至565美元。
摩根士丹利分析师Benjamin Swinburne维持买入评级，并将目标价从430美元上调至460美元。
摩根大通分析师Doug Anmuth维持买入评级，并将目标价从425美元上调至530美元。
巴克莱银行分析师Kannan Venkateshwar维持买入评级，并将目标价从385美元上调至475美元。
富国集团分析师Steven Cahall维持买入评级，并将目标价从470美元上调至520美元。
KeyBanc分析师Justin Patterson维持买入评级。
此外，综合报道，$Spotify Technology (SPOT.US)$近期主要分析师观点如下：
Spotify的第三季度业绩和第四季度预测保持了年度的良好趋势，平均每用户营业收入、毛利率和EBIT/自由现金流均展现出强于预期的增长。在经历了几个季度的月活跃用户数净增加乏力后，第三季度的增长显著回升，第四季度的预测超出预期。预计到2025年，Spotify的月活跃用户数将超过70000万。
在第三季度报告后，该公司对Spotify持逐步乐观态度，预计其在11月25日纳入MSCI世界指数将为股票提供压力位。Spotify仍然被视为“最佳投资主意”。
预计Spotify的毛利扩张轨迹将通过多个驱动因素持续到2025年。
该公司认为Spotify的第三季度业绩证实了产品创新正在推动营业收入的增长，单位经济学在上升，毛利和自由现金流的积极变化有迹可循。值得注意的是，管理层对运营纪律的重视预计将引导Spotify实现大约20%的长期持续营业收入增长，并不断提升毛利。
以下为今日6位分析师对$Spotify Technology (SPOT.US)$的最新投资评级及目标价：
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