Is Spotify Stock Going to $400? 1 Wall Street Analyst Thinks So. [Yahoo! Finance]
Spotify Technology S.A. Ordinary Shares (SPOT)
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am
Check Earnings Report
Company Research
Source: Yahoo! Finance
Spotify even flipped from a year-ago loss to a $1.05-per-share profit in the first quarter of 2024. On Wednesday, Deutsche Bank urged investors to buy Spotify stock, and gave Spotify the highest price target of any analyst on Wall Street: $400 a share. Is Spotify stock a buy? Key to Deutsche Bank's buy rating on Spotify was the streaming music company's confirmation that its gross profit margins are still rising, hitting 27.6% in Q1. Management hopes to hit a 30% gross profit margin sometime between 2025 and 2027, and the Q1 result was so close to that mark that it's looking at least possible Spotify will reach its goal within the next year. Now, a better gross profit margin, plus improved control over costs, imply better operating profits, and better net profits as well. As Spotify proves it's capable of achieving these goals, Deutsche Bank predicts more analysts will upgrade the stock, forcing Spotify's stock price even higher. Hence the $400 price target. But exactly how
Show less
Read more
Impact Snapshot
Event Time:
SPOT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SPOT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SPOT alerts
High impacting Spotify Technology S.A. Ordinary Shares news events
Weekly update
A roundup of the hottest topics
SPOT
News
- Sony Profit Outlook Misses Estimates as PS5 Appeal Wanes [Yahoo! Finance]Yahoo! Finance
- Sony Profit Outlook Misses Estimates as PS5 Appeal Wanes [Yahoo! Finance Canada]Yahoo! Finance Canada
- Sony Profit Outlook Misses Estimates as PS5 Appeal Wanes [BNN Bloomberg (Canada)]BNN Bloomberg
- US Music Streaming Services Industry Research 2024: Queued Up!!! - Increased Internal Competition will Affect Industry Profit Growth [Yahoo! Finance]Yahoo! Finance
- Spotify to Pay Songwriters About $150 Million Less Next Year With Premium, Duo, Family Plan Changes [Yahoo! Finance]Yahoo! Finance
SPOT
Earnings
- 4/23/24 - Beat
SPOT
Sec Filings
- 4/29/24 - Form 144
- 4/26/24 - Form 144/A
- 4/26/24 - Form 144
- SPOT's page on the SEC website