Spotify Technology SA
(NYSE: SPOT)
Balfour Capital Group has issued a buy recommendation
for Spotify Technology SA (SPOT)Â on February 25th, 2025
Spotify is a Swedish audio streaming and media services provider founded in 2006 by Daniel Ek and Martin Lorentzon. It offers a vast library of over 100 million songs and 6 million podcast titles, accessible through both free, ad-supported and premium, subscription-based models. Users can stream music and podcasts online or offline, create and share playlists, and enjoy personalized recommendations. As of December 2024, Spotify boasts 675 million monthly active users, including 263 million paying subscribers.
Post Recommendation Price Trend Chart
- We have established a Buy recommendation at $599.00 on February 25th, 2025.
- Our designated price target stands at $750.00
Analysts Research
With steadfast dedication to thorough research, Balfour Capital Group engages with esteemed analysts and companies, evident below, to amplify and elevate our proficiency. This collaborative approach enriches our findings, granting readers and researchers a profound comprehension of the rationale behind our recommendations and research objectives.
View More
2024 Q4 EARNING REPORT
A Q4 report evaluates company financials for investors
View More
THOMSON REUTERS
Thomson Reuters delivers global financial, legal, and business information to professionals.
Balfour Capital Group wants to clarify that our recommendation to Buy Spotify Technology SA (NYSE: SPOT)Â is based on thorough research conducted by our dedicated teams.
We invest significant time and resources in analyzing market trends, financial data, and industry insights to provide well-informed guidance.
However, it is important to note that our recommendation does not guarantee any specific financial outcomes. The decision to act on our recommendation should be made at your discretion. Please be aware that investments carry inherent risks, and the value of investments can fluctuate, potentially resulting in financial loss.
*THIS INFORMATION IS PROVIDED FOR COMMERCIAL AND INDICATIVE PURPOSES ONLY AND MAY DIFFER FROM REALITY. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. TRADING WITH LEVERAGE INVOLVES A SUBSTANTIAL RISK OF LOSS AND MAY NOT BE SUITABLE FOR ALL INVESTORS.*
