Fintel reviews that on April 21, 2023, Benchmark maintained protection of Spotify Expertise (NYSE:SPOT) with a Purchase advice.
Analyst Value Forecast Suggests 0.79% Upside
As of April 6, 2023, the typical one-year worth goal for Spotify Expertise is $134.38. The forecasts vary from a low of $85.85 to a excessive of $194.25. The typical worth goal represents a rise of 0.79% from its newest reported closing worth of $133.33.
See our leaderboard of firms with the biggest worth goal upside.
The projected annual income for Spotify Expertise is $13,855MM, a rise of 18.15%. The projected annual non-GAAP EPS is -$1.88.
What are Different Shareholders Doing?
FMDGX – Constancy Mid Cap Development Index Fund holds 23K shares representing 0.01% possession of the corporate. In it is prior submitting, the agency reported proudly owning 22K shares, representing a rise of three.56%. The agency decreased its portfolio allocation in SPOT by 11.18% during the last quarter.
CMIEX – Multi-Supervisor Worldwide Fairness Methods Fund Institutional Class holds 44K shares representing 0.02% possession of the corporate. In it is prior submitting, the agency reported proudly owning 48K shares, representing a lower of 8.62%. The agency decreased its portfolio allocation in SPOT by 34.56% during the last quarter.
VT – Vanguard Complete World Inventory Index Fund ETF Shares holds 73K shares representing 0.04% possession of the corporate. In it is prior submitting, the agency reported proudly owning 71K shares, representing a rise of two.71%. The agency elevated its portfolio allocation in SPOT by 25.74% during the last quarter.
BBTLX – Bridge Builder Tax Managed Massive Cap Fund holds 36K shares representing 0.02% possession of the corporate. In it is prior submitting, the agency reported proudly owning 6K shares, representing a rise of 83.50%. The agency decreased its portfolio allocation in SPOT by 14.47% during the last quarter.
Corient Capital Companions holds 2K shares representing 0.00% possession of the corporate. No change within the final quarter.
What’s the Fund Sentiment?
There are 857 funds or establishments reporting positions in Spotify Expertise. It is a lower of 13 proprietor(s) or 1.49% within the final quarter. Common portfolio weight of all funds devoted to SPOT is 0.45%, a rise of 11.57%. Complete shares owned by establishments decreased within the final three months by 1.39% to 116,501K shares. 
The put/name ratio of SPOT is 1.01, indicating a bearish outlook.
Spotify Expertise Background Data
(This description is supplied by the corporate.)
Spotify is the world’s hottest audio streaming subscription service with a neighborhood of 345 million Month-to-month Energetic Customers and 155 million Premium Subscribers. With a presence in 93 markets, and greater than 70 million tracks together with over 2 million podcast titles, it has reworked the best way folks entry and revel in music and podcasts.
See all Spotify Expertise regulatory filings.
This story initially appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.