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Spotify Stock Surges to Record High with $1.427 Billion Trading Volume Ranking 42nd in Market Activity
Generated by AI AgentAinvest Volume Radar
Thursday, Jun 5, 2025 7:41 pm ET1min read
On June 5, 2025,
(SPOT) saw a trading volume of $1.427 billion, ranking 42nd in the day's stock market activity. The company's stock price increased by 1.67%, marking the second consecutive day of gains, with a total increase of 6.22% over the past two days.Spotify's stock reached a record high on Wednesday following a fresh buy rating from a Wall Street firm. This positive rating reflects the company's strong performance and growth potential in the streaming music industry.
Spotify's monthly active users (MAUs) reached 678 million in the first quarter of 2025, driven by growth in emerging markets and AI-powered features that enhance user engagement and global expansion.
JPMorgan Chase & Co. raised their price target for
Technology shares from $670.00 to $730.00 and assigned an "overweight" rating, indicating a bullish outlook on the company's future performance.Bernstein analyst Ian Moore initiated coverage on Spotify Technology S.A. with an Outperform rating and a price target of $825, further bolstering the positive sentiment surrounding the stock.
Wall Street analysts have a Strong Buy consensus rating on SPOT stock, based on 19 Buys, eight Holds, and one Sell assigned in the past three months, reflecting the overall optimism about the company's prospects.
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