Spotify Stock Surges 2.48% on April 2 2025 Ranking 53rd in Trading Volume
1min read On April 2, 2025, spotify technology (SPOT) saw a trading volume of $1.086 billion, ranking 53rd in the day's stock market activity. The stock rose by 2.48%, marking its second consecutive day of gains, with a total increase of 2.80% over the past two days.
Spotify's stock price surged on April 2, driven by positive market sentiment and strong trading volume. The company's shares reached an intraday high of $575.56 before closing at $574.49, up from the previous close of $551.70. This price movement places Spotify 11.97% below its 52-week high of $652.63 and 119.79% above its 52-week low of $261.38. The trading volume for the day was 1,042,568 shares, which is 39.5% of the average daily volume of 2,642,079 shares.
Analysts have set a one-year price target for Spotify, with an average estimate of $647.89. This target suggests a potential upside of 12.78% from the current price. The high estimate is $745.04, while the low estimate is $381.10. The consensus recommendation from brokerage firms indicates an "Outperform" status for Spotify, with an average rating of 2.2 on a scale where 1 signifies a Strong Buy and 5 denotes a Sell.
GuruFocus estimates the GF Value for Spotify in one year to be $239.30, suggesting a downside of 58.35% from the current price. This estimate is based on historical trading multiples, past business growth, and future performance projections. The GF Value is designed to provide an estimate of the fair value at which the stock should be traded.
Ask Aime: What factors contributed to Spotify's stock price increase on April 2, 2025?
