Finally Time to Make a Move? Raymond James Initiates Coverage On Spotify Technology SA (SPOT) with $190.0000 Price Target

May 18, 2018 - By Hazel Jackson

Why Has Raymond James Given Spotify Technology SA (SPOT) a $190.0000 Price Target

Raymond James issued to investors and clients in an analyst note that it has initiated coverage on Spotify Technology SA (SPOT) stock, with “Buy” rating and a $190.0000 target price.

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

Among 19 analysts covering Spotify Technology SA (SPOT), 14 have Buy rating, 1 Sell and 4 Hold. Therefore 74% are positive. Spotify Technology SA has $22000 highest and $12000 lowest target. $179.53’s average target is 18.71% above currents $151.24 stock price. Spotify Technology SA had 19 analyst reports since March 29, 2018 according to SRatingsIntel. FBR Capital maintained Spotify Technology S.A. (NYSE:SPOT) on Tuesday, April 24 with “Hold” rating. The stock of Spotify Technology S.A. (NYSE:SPOT) earned “Buy” rating by J.P. Morgan on Monday, April 30. The stock of Spotify Technology S.A. (NYSE:SPOT) has “Buy” rating given on Thursday, March 29 by RBC Capital Markets. Loop Capital Markets initiated Spotify Technology S.A. (NYSE:SPOT) on Tuesday, May 15 with “Sell” rating. The rating was initiated by Bank of America on Monday, April 30 with “Buy”. The rating was initiated by Evercore with “Buy” on Monday, April 30. On Wednesday, March 28 the stock rating was initiated by Atlantic Securities with “Buy”. The firm has “Buy” rating given on Monday, April 30 by UBS.

The stock decreased 4.74% or $7.52 during the last trading session, reaching $151.24. About 3.92 million shares traded. Spotify Technology S.A. (SPOT) has 0.00% since May 18, 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 EPS 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: “Benzinga’s Top Upgrades, Downgrades For May 18, 2018” on May 18, 2018, also 247Wallst.com with their article: “Was Spotify’s Q1 as Bad as Investors Think?” published on May 03, 2018, Benzinga.com published: “Spotify’s First Earnings Report On Wall Street: The Sell-Side Reacts” on May 04, 2018. More interesting news about Spotify Technology S.A. (NYSE:SPOT) were released by: Seekingalpha.com and their article: “There Is Another” published on May 13, 2018 as well as 247Wallst.com‘s news article titled: “Investors Have Reason to Get Much More Bullish on Spotify” with publication date: April 30, 2018.

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