Jefferies Reiterates a Buy on ​Spotify Technology (SPOT), Keeps the PT

6 days ago 6

​Spotify Technology S.A. (NYSE:SPOT) is 1 of the Best Communication and Media Stocks to Buy Now. On November 17, James Heaney CFA from Jefferies reiterated a Buy standing connected Spotify Technology S.A. (NYSE:SPOT) with a terms people of $800. However, earlier connected November 13, Jason Bazinet from Citi maintained a Hold standing connected the banal with a $750 terms target.

​The ratings travel the instauration of a caller Premium Platinum program announced connected November 13. The caller tiers see Premium Lite, Premium Standard, and Premium Platinum for India, Indonesia, the United Arab Emirates, Saudi Arabia, and South Africa. Earlier, connected August 4, Spotify Technology S.A. (NYSE:SPOT) had besides raised its monthly premium subscription terms to 11.99 euros per period from 10.99 euros successful South Asia, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific region.

​Analysts judge that portion the caller pricing strategy mightiness boost the company’s topline growth, the alteration is constricted to lone a tiny percent of premium subscribers. In addition, the instauration of the caller tiers besides does not align with that anticipated ‘Superfan’ offering and reflects management’s strategical displacement towards expanding mean gross per idiosyncratic (ARPU).

​Management during the fiscal Q3 2025 net telephone noted forecasting a 13% gross maturation for Q4 on with a year-on-year ARPU maturation of astir 2%.

​Spotify Technology S.A. (NYSE:SPOT) is simply a Swedish institution that operates a planetary audio-streaming platform, offering music, podcasts, and audiobooks to users crossed subscription and ad-supported tiers.

While we admit the imaginable of SPOT arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.

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