Free Trial

Spotify Technology (SPOT) Stock Forecast & Price Target

Spotify Technology logo
$697.88 -6.21 (-0.88%)
As of 09:38 AM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

Spotify Technology - Analysts' Recommendations and Stock Price Forecast (2025)

Consensus Rating

Sell
0
Hold
10
Buy
20

Based on 30 Wall Street analysts who have issued ratings for Spotify Technology in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 30 analysts, 10 have given a hold rating, and 20 have given a buy rating for SPOT.

Consensus Price Target

$721.07
3.32% Upside
According to the 30 analysts' twelve-month price targets for Spotify Technology, the average price target is $721.07. The highest price target for SPOT is $900.00, while the lowest price target for SPOT is $416.00. The average price target represents a forecasted upside of 3.32% from the current price of $697.88.
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
Get the Latest News and Ratings for SPOT and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Spotify Technology and its competitors.

Sign Up
By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

SPOT Analyst Ratings Over Time

TypeCurrent Forecast
9/11/24 to 9/11/25
1 Month Ago
8/12/24 to 8/12/25
3 Months Ago
6/13/24 to 6/13/25
1 Year Ago
9/12/23 to 9/11/24
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
20 Buy rating(s)
20 Buy rating(s)
19 Buy rating(s)
23 Buy rating(s)
Hold
10 Hold rating(s)
10 Hold rating(s)
8 Hold rating(s)
6 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$721.07$718.90$611.14$356.38
Forecasted Upside3.32% Upside4.30% Upside-13.99% Downside5.88% Upside
Consensus RatingModerate BuyModerate BuyModerate BuyModerate Buy

SPOT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
Skip Chart & View Analyst Rating History

SPOT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Spotify Technology Stock vs. The Competition

TypeSpotify TechnologyComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.67
2.65
2.53
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside2.36% Upside66.94% Upside11.30% Upside
News Sentiment Rating
Positive News

See Recent SPOT News
Positive News
Positive News
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside
Details
9/9/2025Citigroup
2 of 5 stars
Jason Bazinet
Jason Bazinet
Not Rated
Boost TargetNeutral$715.00 ➝ $750.00+4.51%
9/3/2025Guggenheim
2 of 5 stars
Michael Morris
Michael Morris
Not Rated
Reiterated RatingBuy$850.00+20.23%
8/18/2025Oppenheimer
2 of 5 stars
Jason Helfstein
Jason Helfstein
1 of 5 stars
Boost TargetOutperform$750.00 ➝ $825.00+13.21%
8/4/2025Phillip Securities
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 UpgradeModerate SellHold
7/30/2025Morgan Stanley
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
Lower TargetOverweight$850.00 ➝ $800.00+25.98%
7/30/2025Barclays
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
Lower TargetOverweight$800.00 ➝ $750.00+18.11%
7/30/2025UBS Group
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
Lower TargetBuy$895.00 ➝ $850.00+33.64%
7/30/2025KeyCorp
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
Lower TargetOverweight$860.00 ➝ $830.00+33.17%
7/30/2025Benchmark
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
Lower TargetBuy$840.00 ➝ $800.00+28.36%
7/30/2025Rosenblatt Securities
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
Lower TargetNeutral$703.00 ➝ $679.00+9.44%
7/30/2025DZ Bank
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 UpgradeSellHold$652.00+5.09%
7/29/2025Wells Fargo & Company
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
Boost TargetOverweight$740.00 ➝ $750.00+20.89%
7/23/2025Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
Boost TargetBuy$700.00 ➝ $775.00+15.78%
7/11/2025JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
Boost TargetOverweight$730.00 ➝ $780.00+10.20%
7/8/2025Sanford C. Bernstein
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
Boost TargetOutperform$825.00 ➝ $840.00+16.51%
7/2/2025The Goldman Sachs Group
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
Boost TargetBuy$680.00 ➝ $775.00+7.97%
7/2/2025Canaccord Genuity Group
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
Boost TargetBuy$775.00 ➝ $850.00+18.27%
6/26/2025Bank of America
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
Boost TargetBuy$700.00 ➝ $900.00+17.01%
6/18/2025Cantor Fitzgerald
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
Boost TargetNeutral$610.00 ➝ $640.00-9.77%
6/17/2025Pivotal Research
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
Boost TargetBuy$800.00 ➝ $900.00+25.76%
6/16/2025Evercore ISI
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
Boost TargetOutperform$650.00 ➝ $750.00+4.05%
5/2/2025Loop Capital
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
Boost TargetHold$435.00 ➝ $550.00-14.43%
5/1/2025Robert W. Baird
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
Boost TargetOutperform$700.00 ➝ $730.00+18.74%
4/25/2025Macquarie
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
Boost TargetOutperform$600.00 ➝ $665.00+9.87%
4/21/2025Wolfe Research
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
UpgradePeer PerformOutperform$660.00+14.81%
3/28/2025FBN Securities
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
Initiated CoverageSector Perform$645.00+11.16%
3/26/2025China Renaissance
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
Initiated CoverageBuy$740.00+20.16%
3/11/2025Redburn Atlantic
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
Initiated CoverageStrong SellNeutral$230.00 ➝ $545.00+8.04%
11/13/2024TD Cowen
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 Boost TargetHold$356.00 ➝ $416.00-10.70%
11/13/2024Piper Sandler
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 Boost TargetNeutral$330.00 ➝ $450.00-4.44%
7/11/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 Reiterated RatingHoldBuy$242.00 ➝ $385.00+26.23%
4/24/2024HSBC
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 Boost TargetBuy$310.00 ➝ $355.00+24.84%
4/15/2024Raymond James Financial
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 Boost TargetOutperform$260.00 ➝ $320.00+9.66%
10/25/2023Truist Financial
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 Boost TargetBuy$176.00 ➝ $190.00+17.79%
9/28/2023Monness Crespi & Hardt
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 DowngradeBuyNeutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 09:33 AM ET.


Should I Buy Spotify Technology Stock? SPOT Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, September 8, 2025. Please send any questions or comments about these Spotify Technology pros and cons to contact@marketbeat.com.

Spotify Technology
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Spotify Technology S.A.:

  • The current stock price is around $707, reflecting a strong market capitalization of approximately $144.88 billion, indicating robust investor confidence.
  • Spotify Technology S.A. has shown a significant year-over-year revenue growth of over 10%, suggesting a strong demand for its audio streaming services.
  • Analysts have a consensus rating of "Moderate Buy" for the stock, with many recent upgrades indicating positive sentiment among financial experts.
  • The company has a diverse revenue model, operating through both Premium and Ad-Supported segments, which can help mitigate risks associated with market fluctuations.
  • With a return on equity of 13.67%, Spotify Technology S.A. demonstrates effective management and profitability, which can be attractive to investors seeking solid returns.

Spotify Technology
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Spotify Technology S.A. for these reasons:

  • The company reported a loss of $0.42 earnings per share, significantly missing analysts' expectations, which may raise concerns about its profitability in the near term.
  • Despite revenue growth, the high price-to-earnings ratio of 171.78 suggests that the stock may be overvalued, which could deter value-focused investors.
  • Recent price target adjustments by analysts indicate some uncertainty, with targets ranging from $679 to $850, reflecting differing opinions on the stock's future performance.
  • The beta of 1.71 indicates higher volatility compared to the market, which may pose risks for investors who prefer stable investments.
  • With a PEG ratio of 3.04, the stock may not be seen as a good value relative to its growth rate, potentially making it less attractive for growth-oriented investors.

SPOT Forecast - Frequently Asked Questions

According to the research reports of 30 Wall Street equities research analysts, the average twelve-month stock price forecast for Spotify Technology is $721.07, with a high forecast of $900.00 and a low forecast of $416.00.

30 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last year. There are currently 10 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SPOT shares.

According to analysts, Spotify Technology's stock has a predicted upside of 3.32% based on their 12-month stock forecasts.

Over the previous 90 days, Spotify Technology's stock had 3 upgrades and 1 downgrade by analysts.

Analysts like Spotify Technology more than other "computer and technology" companies. The consensus rating score for Spotify Technology is 2.67 while the average consensus rating score for "computer and technology" companies is 2.65. Learn more on how SPOT compares to other companies.


This page (NYSE:SPOT) was last updated on 9/11/2025 by MarketBeat.com Staff
From Our Partners