Spotify Stock Drops 1.80% in Two Days Despite $8.93 Billion Trading Volume Ranking 81st

On July 11, 2025, Spotify Technology (SPOT) experienced a slight decline of 0.11%, marking its second consecutive day of losses, with a total decrease of 1.80% over the past two days. The trading volume for the day was $8.93 billion, placing it at the 81st position in the daily stock market rankings.

JPMorgan has raised its price target for Spotify from $730 to $780, reflecting a positive outlook on the company's future performance. This adjustment comes as part of a broader review of the tech sector, indicating that analysts are increasingly optimistic about Spotify's growth prospects.

This price target increase is significant as it suggests that JPMorgan believes Spotify has the potential to outperform its current valuation. The new target price of $780 represents a substantial increase from the previous target, highlighting the firm's confidence in Spotify's ability to continue delivering strong financial results and expanding its user base.