Spotify Technology (NYSE:SPOT) Stock Has Consensus Price Target of $592.75 According to Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on Spotify, with 17 buys, six holds and one strong buy among 24 ratings. The average 12-month price target is $592.75 versus the stock’s recent price of $487.74.
• Recent analyst views remain generally positive, though targets have been adjusted: UBS maintained a Buy rating while lowering its target to $675, and other firms cited targets ranging from $527 to $660. Analysts see potential from new products, including Spotify’s AI-powered Remix tool.
• Spotify’s revenue rose 13.9% year over year, but its latest earnings and revenue fell slightly short of estimates. Investors are also monitoring competition from Apple Music, profitability expectations and insider sales made primarily to cover tax obligations on vested equity awards.

Spotify Technology (NYSE:SPOT - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the twenty-four ratings firms that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $592.75.

SPOT has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Spotify Technology from $600.00 to $570.00 and set an "overweight" rating for the company in a research report on Thursday, July 9th. Cantor Fitzgerald boosted their target price on shares of Spotify Technology from $510.00 to $530.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Rosenblatt Securities cut their price target on shares of Spotify Technology from $531.00 to $527.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 5th. KeyCorp decreased their price target on Spotify Technology from $680.00 to $660.00 and set an "overweight" rating for the company in a report on Thursday, October 1st. Finally, Weiss Ratings raised Spotify Technology from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 26th.

Spotify Technology News Roundup

Here are the key news stories impacting Spotify Technology this week:

• Positive Sentiment: UBS said Spotify’s differentiated products and features should create additional monetization opportunities and improve operating leverage. Potential developments include the AI-powered Remix tool, which could launch by the end of 2026 or in early 2027. Spotify expected to make progress towards financial targets, UBS says
• Positive Sentiment: UBS cut its price target modestly from $690 to $675 but retained its Buy rating, implying substantial upside from the stock’s recent trading level. The target reduction appears to reflect valuation or near-term execution considerations rather than a change in UBS’s longer-term outlook.
• Positive Sentiment: A Zacks report highlighted relatively optimistic Wall Street sentiment toward Spotify, which may be supporting the stock as investors focus on analyst expectations and the company’s growth prospects. Wall Street Bulls Look Optimistic About Spotify
• Neutral Sentiment: Spotify’s marketing and engagement initiatives are receiving attention ahead of earnings. Investors are watching whether stronger engagement can translate into sustainable profitability as expectations point to revenue growth but potentially lower earnings per share. Is Spotify Prioritizing Brand Engagement Over Profit Discipline?
• Negative Sentiment: Consumer-trend data cited by LikeFolio suggests some users may be shifting from Spotify toward Apple Music, raising concerns about competitive pressure and Spotify’s ability to sustain its historical edge in music streaming. Consumers Tuning Out Spotify in Favor of Apple Music

Insider Activity at Spotify Technology

In other Spotify Technology news, CEO Gustav Söderström sold 20,913 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $544.19, for a total transaction of $11,380,645.47. Following the transaction, the chief executive officer directly owned 20,025 shares in the company, valued at approximately $10,897,404.75. This represents a 51.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Alex Norström sold 5,436 shares of Spotify Technology stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $502.10, for a total transaction of $2,729,415.60. Following the completion of the sale, the chief executive officer owned 66,773 shares of the company's stock, valued at $33,526,723.30. This represents a 7.53% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 47,182 shares of company stock worth $24,677,392. Insiders own 0.40% of the company's stock.

Hedge Funds Weigh In On Spotify Technology

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Deutsche Bank AG raised its stake in Spotify Technology by 15.7% during the 4th quarter. Deutsche Bank AG now owns 1,485,921 shares of the company's stock worth $862,889,000 after buying an additional 201,080 shares during the period. Janus Henderson Group PLC boosted its holdings in Spotify Technology by 20.1% in the first quarter. Janus Henderson Group PLC now owns 1,711,015 shares of the company's stock worth $829,641,000 after acquiring an additional 286,844 shares in the last quarter. Tiger Global Management LLC grew its stake in Spotify Technology by 25.3% in the first quarter. Tiger Global Management LLC now owns 1,580,761 shares of the company's stock valued at $766,527,000 after acquiring an additional 319,300 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Spotify Technology by 1,382.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,247,182 shares of the company's stock valued at $724,251,000 after acquiring an additional 1,163,045 shares during the period. Finally, Bamco Inc. NY increased its holdings in shares of Spotify Technology by 0.9% during the fourth quarter. Bamco Inc. NY now owns 997,291 shares of the company's stock valued at $579,137,000 after acquiring an additional 8,596 shares in the last quarter. Institutional investors own 84.09% of the company's stock.

Spotify Technology Price Performance

Spotify Technology stock opened at $487.74 on Wednesday. The stock's 50 day moving average is $517.13 and its 200 day moving average is $493.07. Spotify Technology has a one year low of $405.00 and a one year high of $700.12. The firm has a market cap of $100.42 billion, a P/E ratio of 30.37, a P/E/G ratio of 1.48 and a beta of 1.61.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $3.03 earnings per share for the quarter, missing analysts' consensus estimates of $3.16 by ($0.13). The firm had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.47 billion. Spotify Technology had a net margin of 18.44% and a return on equity of 41.39%. The business's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.42) EPS. Equities analysts anticipate that Spotify Technology will post 13.85 earnings per share for the current fiscal year.

Spotify Technology Company Profile

Spotify Technology SA is a global audio streaming company that operates the Spotify platform. The service provides users with access to a broad catalog of music, podcasts and audiobooks, along with personalized recommendations, playlists and other discovery features.

Spotify offers a subscription-based Premium service with enhanced listening features, as well as an ad-supported service available at no direct cost to users. The company generates revenue primarily through Premium subscriptions and advertising, including audio, video and display advertising delivered across its platform.

Founded in 2006 by Daniel Ek and Martin Lorentzon, Spotify is headquartered in Stockholm, Sweden, and serves listeners, creators, advertisers and other partners across markets worldwide.

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