The price of the Spotify share on February 8th, 2023, 1:40 p.m. is USD 125.38. The title is attributed to the “Telecommunications Services” branch.
In a complex analysis process, analysts at our company rated Spotify based on a total of 5 evaluation criteria. All individual criteria lead to a classification as “Buy”, “Hold” or “Sell”. From this, a general classification of the share is calculated in the final overall assessment.
1. Sentiment and buzz: Significant changes in the mood or the frequency of communication allow precise conclusions to be drawn about the current image of a share in social media. Spotify’s mood has deteriorated over the past four weeks. We therefore rate the stock as a “sell”. A slight reduction in communication frequency was registered. i.e. the company has been talked about less in recent weeks. Overall, Spotify receives a “Sell” rating at this level.
2. Investors: A look at the discussion on social media shows the following picture: In the past few days, market participants were generally positive about Spotify. There were a total of six positive and five negative days. For three days there was no clear direction. The latest news from the past day or two about the company is also mostly positive. Based on our sentiment analysis, Spotify therefore receives a “Buy” rating. Overall, Spotify receives a “buy” rating from the editors for investor sentiment.
3. Analyst rating: There are 3 buy, 3 hold and 0 sell ratings for Spotify from analysts over the last twelve months, which corresponds to an average “buy” rating. In more recent reports, analysts came to the same conclusion on average – the bottom line is the rating for the Spotify security from last month “Buy” (1 Buy, 0 Hold, 0 Sell). The average price target for this stock based on analyst opinions is $157.5. Based on the last closing price (USD 125.38), the share could rise by 25.62 percent, which corresponds to a “buy” recommendation. From the analysts’ point of view, the Spotify share thus receives an overall “Buy” recommendation.
Should Spotify S Investors Sell Immediately? Or is it worth getting started?
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