BNP Paribas Exane Initiates Spotify Technology S.A. (SPOT) Coverage With Outperform Rating

Spotify Technology S.A. (NYSE:SPOT) is among the Renaissance Technologies Portfolio: 10 Biggest Stocks. On September 16, BNP Paribas Exane initiated coverage of the stock with an Outperform rating and announced a price target of $900 for its shares.

The firm highlighted the company’s status as a global market leader against rival firms in the segment in its analysis. It also noted that despite historical challenges with profitability, Spotify Technology S.A. (NYSE:SPOT) has transformed into a quality business and attractive investment, due to its recent strategic decisions and product mix.

Overall, Wall Street analysts maintain a bullish position on the stock, with a consensus Buy rating and a one-year average share price target of $753.75, representing a 5% upside potential.

Spotify Technology S.A. (NYSE:SPOT) provides audio streaming subscription services worldwide. The stock has had impressive returns in 2025, gaining 61% year-to-date, as of the close of business on September 23.

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