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# Spotify To Rise 60% say 33 Top Analysts as Stock Hits New Low, Sheds $12B Value (NASDAQ:SPOT)
- URL: https://www.hypebot.com/spotify-to-rise-60-say-33-top-analysts-as-stock-hits-new-low-sheds-12b-value-nasdaqspot/
- Published: 2018-12-17T08:27:14.000Z
- Updated: 2018-12-17T08:27:14.000Z
- Description: Spotify stock closed at $125.68 on Friday, ticking up slightly from an all time day-end low of $125.55 the day before. In late July, Spotify's stock was soaring at $196.28,. Continue reading [https://www.hypebot.com/hypebot/2018/12/spotify-to-rise-60-say-33-top-analysts-as-stock-hits-new-low-sheds-1
- Author: Bruce Houghton
- Tags: Music Business, Music Tech, Streaming, NASDAQ:SPOT, Spotify, stock, #wp, #wp-post, #Import 2026-01-21 10:00

[![Spotify New $](https://hypebot.typepad.com/.a/6a00d83451b36c69e2022ad3a7dd79200d-pi "Spotify New $")](https://hypebot.typepad.com/.a/6a00d83451b36c69e2022ad3a7dd5a200d-popup?ref=hypebot.com)Spotify stock closed at $125.68 on Friday, ticking up slightly from an all time day-end low of $125.55 the day before. In late July, Spotify's stock was soaring at $196.28, raising the streamer's market cap to $35.3 billion.5 months later the Spotify market cap has fallen more than $12 billion to $23 billion. Despite the stock price drop and ongoing questions regarding the streamer's prospects for eventual profitability, an overwhelming number of Wall Street analysts still rate Spotify a buy. An average of 33 stock analysts believe that the streamer's stock price will rise 60% to $200.26\. Only 1 of the 33 says that it's time to sell Spotify stock. [![image from www.marketbeat.com](https://hypebot.typepad.com/.a/6a00d83451b36c69e2022ad3a7dd42200d-450wi "image from www.marketbeat.com")](https://hypebot.typepad.com/.a/6a00d83451b36c69e2022ad3a7dd42200d-popup?ref=hypebot.com)From [MarketBeat](https://www.fairfieldcurrent.com/news/2018/12/17/spotify-spot-receives-200-26-average-pt-from-brokerages.html?ref=hypebot.com):"Shares of Spotify (NASDAQ:SPOT) have been given an average rating of “Buy” by the thirty-three analysts that are covering the firm, [Marketbeat Ratings](https://www.marketbeat.com/?ref=hypebot.com) reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, twenty-four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $200.26."