Jefferies (NYSE:JEF) analyst Andrew Uerkwitz maintained a Buy rating on Spotify Technology SA (NYSE:SPOT) on Monday, setting a price target of $360, which is approximately 20.80% above the present share price of $298.02.
Uerkwitz expects Spotify Technology SA to post earnings per share (EPS) of -$0.66 for the second quarter of 2021.
The current consensus among 20 TipRanks analysts is for a Moderate Buy rating of shares in Spotify Technology SA, with an average price target of $345.
The analysts price targets range from a high of $450 to a low of $200.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $2.17 billion and a net profit of -$69 million. The company's market cap is $56.86 billion.
According to TipRanks.com, Jefferies analyst Andrew Uerkwitz is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 30.7% and a 66.10% success rate.
Founded in 2006, Luxembourg-based Spotify Technology SA is the world’s most popular audio streaming subscription service. It serves a community of over 320 million users across 92 markets. The company generates revenue from Premium and Ad-Supported segments. The Premium segment provides subscribers with unlimited online and offline high-quality streaming access to music and podcasts. It also offers a music listening experience without commercial breaks. The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its subscribers with no subscription fees. The company also provides sales, marketing, contract research and development, and customer support services.