Spotify Technology SA (SPOT) Covered By Yet Another Research Firm

May 17, 2018 - By Orlando Souther

Why Has Wells Fargo Given Spotify Technology SA (SPOT) a $150.0000 Price Target

Investment analysts at Wells Fargo has initiated coverage on Spotify Technology SA (SPOT) with a key “Hold” rating. The target price per share for SPOT is $150.0000. It suggests a possible downside of -7.06 % from firm’s last close price.

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

Among 18 analysts covering Spotify Technology SA (SPOT), 14 have Buy rating, 1 Sell and 3 Hold. Therefore 78% are positive. Spotify Technology SA has $22000 highest and $12000 lowest target. $181.17’s average target is 12.26% above currents $161.39 stock price. Spotify Technology SA had 18 analyst reports since March 29, 2018 according to SRatingsIntel. The firm has “Buy” rating by J.P. Morgan given on Monday, April 30. The rating was initiated by Bank of America on Monday, April 30 with “Buy”. FBR Capital maintained the stock with “Hold” rating in Tuesday, April 24 report. The company was initiated on Wednesday, March 28 by Atlantic Securities. Loop Capital Markets initiated the shares of SPOT in report on Tuesday, May 15 with “Sell” rating. UBS initiated the shares of SPOT in report on Monday, April 30 with “Buy” rating. The firm has “Buy” rating given on Monday, April 30 by Evercore. The firm has “Buy” rating by RBC Capital Markets given on Thursday, March 29.

The stock increased 1.69% or $2.68 during the last trading session, reaching $161.39. About 2.08M shares traded. Spotify Technology S.A. (SPOT) has 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Analysts await Spotify Technology S.A. (NYSE:SPOT) to report earnings on August, 1. After $-1.01 actual earnings per share reported by Spotify Technology S.A. for the previous quarter, Wall Street now forecasts -34.65 % EPS growth.

More notable recent Spotify Technology S.A. (NYSE:SPOT) news were published by: Benzinga.com which released: “Spotify’s First Earnings Report On Wall Street: The Sell-Side Reacts” on May 04, 2018, also 247Wallst.com with their article: “Investors Have Reason to Get Much More Bullish on Spotify” published on April 30, 2018, Schaeffersresearch.com published: “Spotify Calls Popular After Bull Note” on May 14, 2018. More interesting news about Spotify Technology S.A. (NYSE:SPOT) were released by: 247Wallst.com and their article: “Was Spotify’s Q1 as Bad as Investors Think?” published on May 03, 2018 as well as Benzinga.com‘s news article titled: “Analyst Says Sell Spotify As Shares Are Too Expensive Right Now” with publication date: May 15, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Science

Deepwater discovery in Mexican Gulf by Shell

Deepwater discovery in Mexican Gulf by Shell

Kelly Oliver

Recently one of the biggest oil companies in the world Shell has made big exploration of deep waters in the Gulf of Mexico. Researching took place 13 miles from Appomattox Shell’s project, which will start its production in the 2019 year, according to previous plans. Receive News & Ratings Via Email - ...

New recycling program for Boise

New recycling program for Boise

Ellis Scott

The new program is called Hefty EnergyBag Program. It was recently announced in Boise. Although it was made for help with recycling, there is confusion and many questions about it. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news ...

Smart countryside as the key to the future

Smart countryside as the key to the future

Edwin Martin

So-called “smart cities” are usually taken as an example of the future for cities. The rise in the capacity for more information can help us to solve problems on the environmental and human scale. It will be possible with saving of energy and traffic regulations. Receive News & Ratings Via Email - ...

Pollution in the real-time observation

Pollution in the real-time observation

Dolores Ford

New technology made in Utah can provide the results of pollution in the real time. It can be used by environmental researchers who want to receive a clear view of toxins in the air. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary ...

The red tape for commercial space flight is cut by Donald Trump

The red tape for commercial space flight is cut by Donald Trump

Darrin Black

Donald Trump, the 45th current president of the USA, wants commercial flight into space get real. He looks for boosting of space flights before it can be done by China. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news ...

Thomas Hertog talks about his collaboration with Stephen Hawking

Thomas Hertog talks about his collaboration with Stephen Hawking

Thomas Roop

Thomas Hertog, the theoretical physicist told the press about his experience from the work with Stephen Hawking, his implication on Hertog’s new ideas, and their collaboration. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with ...

Doubts behind Electromagnetic Drive Space Thruster Impossible from NASA

Doubts behind Electromagnetic Drive Space Thruster Impossible from NASA

Thomas Roop

While NASA celebrates its new creation, some experts believe it can’t work because of simple violations of the third law of Newton. It was called Impossible after it broke this law. However, further experiments show that it could have happened only because of errors in previous tests. Receive News & Ratings Via ...

New species in 2018

New species in 2018

Peter Erickson

ESF names animals, plants, and microbes that were able to survive instead of all predictions. There are big, small, beautiful, and weird. They have different groups, they are different species and even from different kingdoms. They are all united by their ability to survive and be discovered by scientists. Receive News & ...

Small helicopter on Mars

Small helicopter on Mars

Paul Bridgeforth

There will be a new feature for Mars of 2020. This invention is compared to the bold experiment of Wright Brothers almost 117 years ago. While they have shown that people can fly on Earth, the new invention will make flights possible on Mars. Receive News & Ratings Via Email - Enter ...

New El Niño is coming in 2018

New El Niño is coming in 2018

Orlando Souther

It predicts more natural disasters and unexpected weather conditions for the next year. Researchers say that there will be wildfires, droughts, and scorching temps for the next 12 months. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and ...