Should Spotify Technology SA (SPOT) Shares Be Watched After Raymond James Initiates Coverage?

May 18, 2018 - By Louis Casey

Why Has Raymond James Given Spotify Technology SA (SPOT) a $190.0000 Price Target

Raymond James issued to clients in a note that it started coverage on Spotify Technology SA (SPOT) stock, with Buy rating and a $190.0000 target price.

Spotify Technology S.A. (NYSE:SPOT) Ratings Coverage

Among 19 analysts covering Spotify Technology SA (SPOT), 14 have Buy rating, 1 Sell and 4 Hold. Therefore 74% are positive. Spotify Technology SA has $22000 highest and $12000 lowest target. $179.53’s average target is 18.71% above currents $151.24 stock price. Spotify Technology SA had 19 analyst reports since March 29, 2018 according to SRatingsIntel. The company was initiated on Monday, April 30 by UBS. FBR Capital maintained it with “Hold” rating and $15600 target in Tuesday, April 24 report. The stock of Spotify Technology S.A. (NYSE:SPOT) has “Buy” rating given on Thursday, March 29 by RBC Capital Markets. Loop Capital Markets initiated Spotify Technology S.A. (NYSE:SPOT) on Tuesday, May 15 with “Sell” rating. The firm earned “Buy” rating on Monday, April 30 by Evercore. The firm has “Buy” rating given on Monday, April 30 by J.P. Morgan. The firm has “Buy” rating by Bank of America given on Monday, April 30. Atlantic Securities initiated Spotify Technology S.A. (NYSE:SPOT) rating on Wednesday, March 28. Atlantic Securities has “Buy” rating and $16000 target.

The stock decreased 4.74% or $7.52 during the last trading session, reaching $151.24. About 3.92 million shares traded. Spotify Technology S.A. (SPOT) has 0.00% since May 18, 2017 and is . It has underperformed by 11.55% the S&P500.

Analysts await Spotify Technology S.A. (NYSE:SPOT) to report earnings on August, 1. After $-1.01 actual earnings per share reported by Spotify Technology S.A. for the previous quarter, Wall Street now forecasts -34.65 % EPS growth.

More notable recent Spotify Technology S.A. (NYSE:SPOT) news were published by: Benzinga.com which released: “For Spotify’s Stock, Raymond James Says ‘Stream On'” on May 18, 2018, also Schaeffersresearch.com with their article: “Spotify Calls Popular After Bull Note” published on May 14, 2018, 247Wallst.com published: “Was Spotify’s Q1 as Bad as Investors Think?” on May 03, 2018. More interesting news about Spotify Technology S.A. (NYSE:SPOT) were released by: 247Wallst.com and their article: “Investors Have Reason to Get Much More Bullish on Spotify” published on April 30, 2018 as well as Benzinga.com‘s news article titled: “Could Spotify’s Stock Benefit From A Tencent Music IPO?” with publication date: May 17, 2018.

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