5 Best Reddit Stocks to Buy According to Billionaires

4. Spotify Technology S.A. (NYSE:SPOT)

Number of Billionaire Holders: 33

On May 22, Raymond James raised its price recommendation on Spotify Technology S.A. (NYSE:SPOT) to $615 from $555. It reiterated an Outperform rating on the shares. The firm said Spotify’s Investor Day showcased a stronger-than-expected AI-driven product roadmap. According to the analyst, the company introduced new personalization and monetization features backed by its proprietary user data. Raymond James also pointed to Spotify’s AI framework tied to its agreement with Universal Music Group (UMGNF). The analyst added that Spotify’s mid-term financial targets appear achievable, with new premium offerings and engagement tools expected to support future growth.

Also on May 22, Rosenblatt raised its price goal on SPOT to $534 from $500. It kept a Neutral rating on the stock. The firm described the company’s investor day as “great.” Spotify announced an AI remix deal with Universal Music and an exclusive ticket sales agreement with Live Nation. Still, the analyst said those developments already appear “reasonably discounted” in the shares.

Spotify Technology S.A. (NYSE:SPOT) is a Luxembourg-based company that offers digital music-streaming services. The platform allows users to discover new music releases, including singles, albums, and playlists.

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