Spotify Trading Volume Drops to $13.24 Billion as Analysts Bullish on Stock

On June 30, 2025, Spotify Technology (SPOT) closed with a trading volume of $13.24 billion, marking a 38.89% decrease from the previous day. The stock price fell by 0.73%, extending its two-day losing streak with a total decline of 1.15%.

Guggenheim analyst Michael Morris maintained a Buy rating on Spotify Technology S.A. (NYSE:SPOT) and raised the price target to $840 from $725. This adjustment reflects a positive outlook on the company's future performance and potential for growth.

Additionally, other analysts have also revised their price targets for Spotify. BofA increased its target to $900 from $700, while UBS also raised its target, indicating a growing consensus among analysts regarding the stock's upward potential.