Benzinga | Nov 24, 2021 11:09AM EST

Analyst Ratings For Spotify Technology

Over the past 3 months, 7 analysts have published their opinion on Spotify Technology (NYSE:SPOT) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Bullish Somewhat Bullish Indifferent Somewhat Bearish BearishTotal Ratings 1 4 1 0 1Last 30D 1 0 0 0 01M Ago 0 3 0 0 02M Ago 0 0 0 0 03M Ago 0 1 1 0 1

In the last 3 months, 7 analysts have offered 12-month price targets for Spotify Technology. The company has an average price target of $303.57 with a high of $365.00 and a low of $200.00.

Below is a summary of how these 7 analysts rated Spotify Technology over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the move negative analysts are on the stock

This current average has decreased by 5.63% from the previous average price target of $321.67.

What Are Analyst Ratings?

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.

This article was generated by Benzinga's automated content engine and reviewed by an editor.