Spotify (SPOT) Soars 4.26% on Price Hike Plans

Spotify Technology's stock surged 4.26% in pre-market trading on August 4, 2025, reflecting a strong start to the day's trading session.

Spotify Technology has recently announced plans to increase the monthly price of its premium individual subscription in select markets starting from September. This move is expected to impact the company's revenue and could influence investor sentiment.

Citi has revised its price target for Spotify, increasing it from $715 to $780. Despite this upward adjustment, the firm maintains a Neutral rating on the stock, indicating a cautious outlook on the company's future performance.

Investors have been closely monitoring Spotify's stock performance, with recent fluctuations causing some concern. On July 29, the company's share price dipped by 11.90%, leading to speculation about the best time to buy or sell the stock.