Spotify Stock Slumps to 72nd in Trading Volume Despite Bullish Analyst Upgrades

Volume AlertsTuesday, May 20, 2025 7:48 pm ET
1min read

On May 20, 2025, Spotify Technology (SPOT) experienced a significant decline, with its trading volume dropping by 30.06% to 9.15 billion, placing it at the 72nd position in the day's stock market rankings. The stock price fell by 0.90%.

Canaccord Genuity has upgraded its price target for Spotify Technology (SPOT) to $775, reflecting a bullish outlook on the company's future performance. This adjustment comes as analysts continue to recognize Spotify's strong growth potential and its ability to deliver sustained upside.

Goldman Sachs has also increased its price target for Spotify, raising it from $550.00 to $695.00 and maintaining a "buy" rating. This move underscores the growing confidence in Spotify's long-term prospects and its position as a leading player in the streaming industry.

Spotify's stock has shown remarkable performance over the past year, with analysts predicting further gains. The company's market capitalization stands at $136.26 billion, highlighting its significant presence in the market. An investment of $1000 in Spotify stock five years ago would now be worth $3,448.27, demonstrating the company's impressive returns over time.

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