Pivotal Research analyst Jeffrey Wlodarczak maintains $Spotify Technology (SPOT.US)$ with a buy rating, and adjusts the target price from $565 to $615.
According to TipRanks data, the analyst has a success rate of 55.8% and a total average return of 2.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Spotify Technology (SPOT.US)$'s main analysts recently are as follows:
Spotify's third-quarter performance was notably robust, with its gross margin, operating income, and free cash flow surpassing expectations. In light of the recent quarter's results and the guidance for Q4, forecasts for the 2024 operating income have been revised upwards, with anticipation of a remarkable year in terms of margins.
Analysts observed continued positive trends in average revenue per user growth, gross margins, and earnings before interest and free cash flow, as evidenced by Spotify's recent quarterly results and guidance. Growth in monthly active users, which had previously been underwhelming, picked up pace in the third quarter, with projections for the fourth quarter surpassing expectations. It is forecasted that Spotify will surpass 700 million monthly active users by the year 2025.
The firm's sentiment towards Spotify has grown increasingly positive following the Q3 report. It is anticipated that Spotify's forthcoming inclusion in the MSCI World Index on November 25 will provide additional support to the stock. Spotify continues to be regarded as a 'Best Idea' by the firm.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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Pivotal Research分析师Jeffrey Wlodarczak维持$Spotify Technology (SPOT.US)$买入评级，并将目标价从565美元上调至615美元。
根据TipRanks数据显示，该分析师近一年总胜率为55.8%，总平均回报率为2.8%。
此外，综合报道，$Spotify Technology (SPOT.US)$近期主要分析师观点如下：
Spotify第三季度的表现非常强劲，其毛利率、营业收入和自由现金流都超出了预期。考虑到最近一个季度的结果和对第四季度的指引，2024年营业收入的预测已向上修订，预计在毛利率方面将有一个显著的年份。
分析师观察到每位用户的平均营业收入增长、毛利率和利息前收益及自由现金流持续呈现积极趋势，这从Spotify最近的季度结果和指引中得到了证实。此前表现平平的月活跃用户数在第三季度恢复了增长，第四季度的预测也超出了预期。预计到2025年，Spotify的月活跃用户数将超过70000万。
在第三季度报告发布后，该公司对Spotify的看法越来越积极。预计Spotify将于11月25日纳入MSCI世界指数，这将为股票提供额外的压力位。该公司继续将Spotify视为“最佳理念”。
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