Spotify (SPOT) Catches Eye: Stock Jumps 10.1%

Spotify Technology S.A. SPOT was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $177.22 to $242.86 in the past one-month time frame.

The upmove came after a Goldman Sachs analyst raised target price of the stock.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Spotify currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Spotify Technology SA Price

Spotify Technology SA Price

Spotify Technology SA price | Spotify Technology SA Quote

Investors interested in the Technology Services industry may consider Yext Inc YEXT, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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