By June’s end, this per-share worth had swelled by nearly $100 more the month saw Spotify unveil exclusive deals for podcasts from Kim Kardashian West and the DC Comics world. But following the May 19th announcement that the service would become the exclusive home of The Joe Rogan Experience, shares quickly hiked into the $180 ballpark. Spotify stock landed at about $150 per share at the end of April.
Many have attributed the initial gains to the Stockholm-based company’s high-profile podcasting investments. One week after the fact, though, SPOT had parted with $50 in per-share worth, and the decrease has proceeded through mid-September.
This downturn continued until August’s last day, when shares again broke $291 apiece, on the eve of The Joe Rogan Experience’s arrival on Spotify. July ushered in a peak as Spotify stock broke another all-time-high record of $291 per share, as well as a dip into the $250s. The ascent was hardly over, however, for SPOT approached $270 before the month’s end. Things held mostly steady until May’s latter ten days, as Spotify announced on the 19th that it would become the exclusive home of The Joe Rogan Experience.įollowing the unveiling of this (reportedly $100 million) deal, shares climbed to a whopping $193 apiece before settling at around $180 to begin June. That was until the COVID-19 pandemic sent shares crashing below $120.Īpril (and particularly its final week) brought with it major Spotify stock gains, and shares exceeded $151 – effectively regaining the worth they lost amid the pandemic in about six weeks.
SPOT hovered around this mark (and dropped as low as about $140 per share) through February and some of March. Spotify stock started 2020 at about $150 per share, which marked a modest increase from November of 2019 and, more significantly, an approximately $35 uptick from September of the same year. Needless to say, the variance between these Spotify stock target prices – a whopping $148 separates the highest (RBC Capital) and the lowest (Bernstein) – is indicative of the varied opinions investors have of the company’s future. UBS – Sell Rating, $204 SPOT Target Priceīernstein – Underperform Rating, $172 SPOT Target Price Goldman Sachs – Buy Rating, $280 SPOT Target Price RBC Capital Markets – Outperform Rating, $320 SPOT Target PriceĬredit Suisse – Outperform Rating, $315 SPOT Target PriceĪtlantic Equities – Outperform Rating, $290 Target Price
0 kommentar(er)
