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Spotify:Quarterly Results/2024 Q3: Difference between revisions
Spotify:Quarterly Results/2024 Q3 (view source)
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=== Spotify to see further expansion in gross margin === | === Spotify to see further expansion in gross margin === | ||
* Buy, $430->$440: Deutsche Bank said they room for Spotify's further margin expansion. They expect the audiobooks price increase in U.S. to contribute an 80 basis points in the quarter-over-quarter growth in premium gross margins in Q3 after contributing a 120 basis points in Q2<ref>https://www.investing.com/news/analyst-ratings/deutsche-bank-increases-spotify-stock-target-holds-buy-on-margin-outlook-93CH-3704738</ref>. | * Buy, $430->$440: Deutsche Bank said they room for Spotify's further margin expansion. They expect the audiobooks price increase in U.S. to contribute an 80 basis points in the quarter-over-quarter growth in premium gross margins in Q3 after contributing a 120 basis points in Q2. The analyst expects Spotify to report 639 million MAUs and 251 million premium subscribers<ref>https://www.investing.com/news/analyst-ratings/deutsche-bank-increases-spotify-stock-target-holds-buy-on-margin-outlook-93CH-3704738</ref>. | ||
* Overweight, $420->$470: Wells Fargo expects Spotify's gross margin to expand further. "Our analysis of incremental gross margins indicates further expansion ahead of consensus. We think Spotify's strategy+ evolving industry dynamics support the flow-through."<ref>https://www.cnbc.com/2024/10/28/monday-wall-street-analyst-calls-like-nvidia.html</ref> | * Overweight, $420->$470: Wells Fargo expects Spotify's gross margin to expand further. "Our analysis of incremental gross margins indicates further expansion ahead of consensus. We think Spotify's strategy+ evolving industry dynamics support the flow-through."<ref>https://www.cnbc.com/2024/10/28/monday-wall-street-analyst-calls-like-nvidia.html</ref> | ||
* Buy, $425->$430: Goldman Sachs said Spotify is beginning to show signs of the gross and operating margin trajectory that the company guided dating back to 3 to 5 years. They added that Spotify remains a global audio platform leader which will support user growth, growing engagement and pricing power<ref>https://thefly.com/permalinks/entry.php/id3993651/SPOT-Spotify-price-target-raised-by--at-Goldman-Sachs-heres-why</ref>. | * Buy, $425->$430: Goldman Sachs said Spotify is beginning to show signs of the gross and operating margin trajectory that the company guided dating back to 3 to 5 years. They added that Spotify remains a global audio platform leader which will support user growth, growing engagement and pricing power<ref>https://thefly.com/permalinks/entry.php/id3993651/SPOT-Spotify-price-target-raised-by--at-Goldman-Sachs-heres-why</ref>. | ||