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SPOT

Spotify

$177.42

6.62 (3.88%)

13:05
06/14/18
06/14
13:05
06/14/18
13:05

Spotify Technology SA call volume above normal and directionally bullish

Bullish option flow detected in Spotify Technology SA with 7,244 calls trading, 2x expected, and implied vol increasing over 2 points to 33.21%. Jul-18 185 calls and Jun-18 180 calls are the most active options, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 0.42. Earnings are expected on August 1st.

SPOT Spotify
$177.42

6.62 (3.88%)

06/07/18
06/07/18
UPGRADE
Target $195

Buy
Spotify upgraded to Buy at Buckingham
As previously reported, Buckingham analyst Matthew Harrigan upgraded Spotify to Buy from Neutral and raised his price target on the shares to $195 from $175 given increased core forecast conviction coupled with new indications that Spotify creates better economics for both indie music artists and itself. The analyst remains adamant that Spotify is advantaged in both brand resonance among younger listeners and larger music oriented Artificial Intelligence data set size in building personalized playlists.
06/14/18
DBAB
06/14/18
INITIATION
Target $155
DBAB
Hold
Spotify initiated with a Hold at Deutsche Bank
Deutsche Bank started Spotify with a Hold rating and $155 price target.
06/14/18
DBAB
06/14/18
INITIATION
Target $155
DBAB
Hold
Spotify is not Netflix 2.0, Deutsche Bank says in initiation note
Deutsche Bank analyst Lloyd Walmsley initiated coverage of Spotify Technology (SPOT) with a Hold rating and $155 price target. The stock closed yesterday up 59c to $170.82. The analyst is bullish on the music industry but says he struggles with the bull case on Spotify given the company's "lack of content differentiation or visibility around long term margins." Spotify is not Netflix 2.0 (NFLX), Walmsley tells investors in a research note. The analyst prefers playing the music streaming tailwinds through major labels like Vivendi (VIVHY). Walmsley would become more positive on Spotify if the company grew its market share "considerably,: developed proprietary content consumers valued, diversified away from major labels, or if the stock sold off to lower valuation levels.
06/14/18
06/14/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Spotify (SPOT) initiated with a Hold at Deutsche Bank. 2. Hannon Armstrong (HASI) initiated with an Overweight at JPMorgan. 3. Wyndham Hotels & Resorts (WH) and Wyndham Destinations (WYND) were initiated with a Buy at SunTrust. 4. RigNet (RNET) initiated with a Buy at Maxim. 5. Roku (ROKU) initiated with an Outperform at Macquarie. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, Reference Link

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