Spotify Soars 1.81% to Record High on Bullish Analyst Targets

Mover TrackerMonday, Jun 16, 2025 6:27 pm ET
2min read

Spotify Technology(SPOT)涨0.66%,连涨2天,近2日涨1.81%。The share price surged to a record high today,with an intraday gain of 1.81%.

The strategy of buying SPOT shares after they reached a recent high and holding for 1 week showed poor performance over the past 5 years. The annualized return was -14.8%, significantly underperforming the market. This indicates that relying on recent highs as a buying trigger and holding for a short duration is not a profitable strategy for SPOT.

Evercore ISI recently raised Spotify's price target from $650.00 to $750.00, reflecting a 15.38% increase. This move, coupled with an "outperform" rating, signals a bullish outlook from analysts, which can attract more investors and drive up the stock price.


Spotify's stock has been on a remarkable rally, with returns exceeding 134%. This strong performance indicates robust investor confidence and positive market sentiment towards the company's future prospects.


Additionally,

hit a new 12-month high, with Robert W. Baird raising their target price from $700.00 to $730.00 and maintaining an "outperform" rating. This further underscores the strong performance expectations for the company.