Spotify stock once again topped $600 per share during today’s trading, and some analysts remain optimistic that the rebound will continue. Photo Credit: Gizmodo
That question is front of mind for investors and analysts, who, ahead of the first-quarter report’s April 29th release, are continuing to put out relatively bullish forecasts. We covered some of those optimistic target prices (and a couple more measured positions) earlier this week.
Since then, Benchmark has decreased its SPOT target to a still-substantial $700, pointing to high hopes for Super-Premium, podcasting profitability, and advertising revenue. Wolfe Research is banking on shares’ cracking $660 apiece, with UBS having settled on a $690 target.
In other words, the aforementioned “relatively bullish” descriptor appears apt here. And while broader market trends are certainly affecting SPOT’s trajectory, logic suggests that the company’s post-earnings positioning will be determined by key metrics including reported subscribers and profitability.
Though the market is evidently unconcerned, these sales are now nearing a cumulative $2 billion – with a substantial portion of the sum having resulted from transactions in 2024 and 2025.
To be sure, DMN Pro broke down execs’ and directors’ $1.8 billion in total SPOT sales in mid-April. But CEO Daniel Ek added to the figure – and kept the selloff trend going – by cashing in on $28.2 million worth of Spotify stock one week ago.
Next, Spotify’s recent job posts can provide valuable insight into the company’s strategic direction. That might seem obvious, but the details are often overlooked despite having offered a glimpse of the platform’s video and IRL event plans months beforehand, to name one major example.
Admittedly, the streaming platform’s openings to this point in April haven’t unlocked any particularly groundbreaking insights. But amid a well-documented licensing showdown in the music publishing world, the service is looking to bring aboard a publishing-licensing manager, one post shows.
Meanwhile, with its largescale advertising revamp in full swing, Spotify is also making multiple related hires, different posts indicate. Most noteworthy here (especially given ad-supported listening’s modest revenue and rumblings of a stateside ban on TV pharmaceutical adverts) is a professional tasked with selling advert space to pharma companies in particular.
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Spotify Stock Rebounds Past $600 Ahead of Q1 Earnings – Digital Music News
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