Wall Street is positive on Spotify Technology SA (SPOT). On average, analysts give Spotify Technology SA a Buy rating. The average price target is $234.833, which means analysts expect the stock to add by 3.43% over the next twelve months.
That average ranking earns Spotify Technology SA an Analyst Rating of 21, which is better than 21% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported.
Investors Observer takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.
What's Happening With Spotify Technology SA Stock Today?
Spotify Technology SA (SPOT) stock is down -4.5% while the S&P 500 is up 0.34% as of 10:02 AM on Wednesday, Sep 16. SPOT is down -$10.69 from the previous closing price of $237.73 on volume of 456,638 shares. Over the past year the S&P 500 has gained 13.54% while SPOT is up 75.89%. SPOT lost -$2.09 per share the over the last 12 months.
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