Nordea Investment Management AB increased its Spotify Technology holdings by 0.7% in Q4, now owning over 242,000 shares valued at $140.7 million. Spotify recently reported strong earnings, beating estimates with $5.16 EPS and $5.32 billion revenue, showing 6.8% growth year-over-year. Despite some analyst downgrades and a minor subscriber glitch, Spotify continues to enhance its product with new audio features and app updates, supporting user engagement and potential upside. The stock holds a moderate buy consensus with a target price around $704.
Spotify Technology SA is forecasted to deliver steady second-quarter results, with Jefferies maintaining a positive long-term outlook and a $600 price target. The investment bank expects gross margins around 33.1%, revenue growth of 15% year-over-yea...
Spotify has extended its "Managed Accounts" feature, allowing parents to control their children's music listening, to its free tier in the U.S., U.K., Australia, France, Germany, and the Netherlands. Previously available only to paid subscribers, thi...
Spotify has introduced a new AI-powered chat feature for Premium users in the U.S., Ireland, and Sweden, allowing interactive conversations to select music, podcasts, or audiobooks. Available on iOS and Android for users 18+, the beta release lets us...
