Spotify Technology (SPOT) Receives New Analyst Target Price of $825.00 from Oppenheimer, Maintaining "Outperform" Rating.

Spotify Technology (SPOT) has received a new target price of $825 from Oppenheimer, a 10% increase from the previous $750 target. The analyst maintains an "Outperform" rating. This follows a series of historical target price changes from other analysts, with some lowering their targets in July. Spotify is the leading global music streaming service provider with nearly 700 million monthly active users and over 250 million paying subscribers.

Spotify Technology (SPOT) has seen its target price increased by Oppenheimer to $825, a 10% rise from the previous $750 target. The analyst maintains an "Outperform" rating, reflecting a bullish outlook on the company's prospects. This latest adjustment follows a series of historical target price changes from other analysts, with some lowering their targets in July [1].

Spotify, the leading global music streaming service, boasts nearly 700 million monthly active users and over 250 million paying subscribers. The company's digital music-streaming services enable users to discover new releases, create playlists, and listen to millions of songs without commercial breaks. Spotify operates through various subsidiaries and is present in over 20 countries [1].

The price target increase by Oppenheimer comes amidst a series of recent price hikes announced by Spotify. The company has implemented price increases in several European markets, affecting approximately 10% of its premium subscribers. These price hikes range from 8% to 22% across various subscription plans. Additionally, Spotify has announced plans to increase Premium subscription prices across various international markets, including South Asia, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific region. The price hikes will range from 9% for Individual plans to 16.7% for Family plans [2].

Guggenheim, another prominent analyst, has also raised its price target on Spotify to $850 from $800, while maintaining a Buy rating. The streaming giant has delivered an impressive 117% return over the past year. Guggenheim expects Spotify to announce another round of price increases in its largest markets, including the United States, before the end of 2025. The firm's higher price target reflects upward revisions to long-term revenue and profit estimates, noting that the price increases are likely "gross margin accretive" for Spotify [2].

These developments highlight Spotify's strategic moves and the positive outlook from several financial analysts. Oppenheimer's latest target price increase underscores the analyst's confidence in Spotify's ability to maintain its market leadership and drive growth through price increases and subscription expansions.

References:
[1] https://www.marketscreener.com/news/oppenheimer-adjusts-price-target-on-spotify-technology-to-825-from-750-maintains-outperform-ratin-ce7c51dcd888f12c
[2] https://www.investing.com/news/analyst-ratings/spotify-stock-price-target-raised-to-850-from-800-at-guggenheim-93CH-4197455