Spotify Stock Drops 1.53% Despite $9.98 Billion Trading Volume Ranking 61st

On June 18, 2025, Spotify Technology (SPOT) experienced a decline of 1.53%, with a trading volume of $9.98 billion, ranking 61st in the day's stock market activity.

Pivotal Research has increased its price target for Spotify Technology to a Wall Street-high of $900, citing a shift in its valuation. This move reflects a positive outlook on the company's future performance and potential growth.

Cantor Fitzgerald also raised its price target for Spotify to $640 from $610, while maintaining a Neutral rating. This adjustment indicates a cautious optimism about the company's prospects, despite the recent price increase.

Spotify's stock has been performing well, with a year-to-date increase of over 58% and hovering near its all-time high. This strong performance is likely driven by the company's continued growth in the music streaming industry and its expanding user base.