SPOT - SPOT スポティファイ・テクノロジ― （）

Spotify Technology SA (NYSE: SPOT) is trading up on Monday after a Wells Fargo analyst turned super bullish on the audio streaming giant that he said was now “off margin probation”. Spotify stock could be worth $180 Steven Cahall upgraded the tech stock this morning to “overweight” and announced a price target of $180 that […] The post Spotify stock price forecast: Wells Fargo sees a 50% upside appeared first on Invezz .

Spotify Technology SA (NYSE: SPOT ) shares are trading higher Monday following a pair of analyst upgrades from Wells Fargo and Atlantic Equities. Atlantic Equities analyst Hamilton Faber upgraded Spotify from Neutral to Overweight and announced a $160 price target. Wells Fargo analyst Steven Cahall upgraded Spotify from Equal-Weight to Overweight and raised the price target from $121 to $180. The Spotify Analyst Take: In a new note to clients, the Wells Fargo analyst said Spotify''s commitment to margin improvement is "picking up pace." "While commentary suggests the management focus on margin is greater … Full story available on Benzinga.com

Spotify struggles with profitability over its brief history. Read more to know why we recommend SPOT stock at Strong Buy.

For the second time since December, Pinterest (NYSE: PINS ) laid off employees yesterday. In total, the Pinterest layoffs affected roughly 150 of its workers. In recent months, layoffs have been carried out by many tech companies that thrived during the pandemic and have been much less successful since fears about the coronavirus greatly eased. Pinterest appears to be in that category. The Pinterest Layoffs Since December, the firm has eliminated roughly 150 jobs or less than 5% of its workforce, Bloomberg reported this morning. Confirming the dismissals, a company spokeswoman said that they “further set us up to deliver against our company priorities and our long-term strategy.” Other Tech Layoffs Other tech companies that thrived during the pandemic and have done less well in recent months have laid off many employees since late last year. Among the names in that category are Amazon (NASDAQ: AMZN ), Meta (NASDAQ: META ), Spotify (NYSE: SPOT ), and Alphabet (NASDAQ: GOOG , NASDAQ: GOOGL ).

Spotify Technology Shares Up 12% On 4Q User Growth Morningstar

Spotify Technology Shares Up 12% On 4Q User Growth Morningstar

Keybanc analyst Justin Patterson maintained Spotify Technology SA (NYSE: SPOT ) with an Overweight and raised the price target from $125 to $140 . The analyst found evidence of resilient the subscription business with pricing power, improving expense discipline, and inflection of unit economics. The analyst expects break-even profitability for 2024E vs. a loss of €128M previously and believes progress toward this accomplishment represents a meaningful catalyst throughout the year. Barclays analyst Mario Lu maintained an Overweight and raised the price target from $131 to $145. The 4Q results beat expectations across nearly every metric, and the 1Q OI guide continues the meaningful improvement expected in FY23 (along with GM expansion). The analyst believes the company''s shift from growing at all costs to a combination of speed and efficiency will be applauded mainly by investors. Morgan … Full story available on Benzinga.com

Spotify Technology''s double-digit revenue growth is encouraging. SPOT still hasn''t reached positive operating income. Click here for our SPOT analysis.

Spotify stock (SPOT) has moved up 13% to its highest point since Aug

Spotify Technology S.A. (NYSE:NYSE:SPOT) Q4 2022 Results Conference Call January 31, 2023 8:00 AM ETCompany ParticipantsBryan Goldberg - Head, IRDaniel Ek - Founder, CEO & ChairmanPaul…

Spotify reported strong growth in MAUs and premium subscribers in Q3, comfortably beating their internal guidance. Find out why SPOT''s Q3 2022 was a mixed bag.

Spotify beat top line estimates for Q3 22, but missed earnings. See why I feel SPOT stock is undervalued intrinsically and relative to historic multiples.

Spotify has a long way to go before gross margins are close to what was discussed at June 2022 Investor Day. See why SPOT’s overall gross margin hasn’t improved.

U.S. stocks closed mostly lower on Wednesday, with the Nasdaq Composite dropping over 200 points. Here is the list of some big stocks recording losses in the previous session. Stride, Inc. (NYSE: LRN ) shares tumbled 29.4% to settled at $32.86 following weak quarterly earnings. CTS Corporation (NYSE: CTS ) declined 17.8% to close at $36.17 after reporting Q3 results. Constellium SE (NYSE: CSTM ) fell 15.1% to close at $10.97 following Q3 results. TriNet Group, Inc. (NASDAQ: TNET ) fell 14.2% to close at $65.68 after the company reported worse-than-expected Q3 sales results. Spotify Technology S.A. (NYSE: SPOT ) dropped 13% to close at $84.42 following Q3 results. Manhattan Associates, Inc. (NASDAQ: MANH ) declined 11.4% to close at $118.34 following the company''s Q3 financial results. Mr. Cooper Group Inc. (NASDAQ: COOP ) fell 11.4% to settle at $39.55 following Q3 results. Zurn Elkay Water Solutions Corporation (NYSE: ZWS ) … Full story available on Benzinga.com

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