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Spotify Technology (SPOT) Stock Forecast & Price Target

Spotify Technology logo
$627.15 +0.61 (+0.10%)
Closing price 03:59 PM Eastern
Extended Trading
$625.40 -1.75 (-0.28%)
As of 07:59 PM Eastern
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Spotify Technology - Analysts' Recommendations and Stock Price Forecast (2025)

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.

Consensus Rating

Sell
0
Hold
9
Buy
20

Based on 29 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 29 analysts, 9 have given a hold rating, and 20 have given a buy rating for SPOT.

Consensus Price Target

$718.90
14.63% Upside
According to the 29 analysts' twelve-month price targets for Spotify Technology, the average price target is $718.90. 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 14.63% from the current price of $627.15.
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SPOT Analyst Ratings Over Time

TypeCurrent Forecast
8/1/24 to 8/1/25
1 Month Ago
7/2/24 to 7/2/25
3 Months Ago
5/3/24 to 5/3/25
1 Year Ago
8/2/23 to 8/1/24
Strong Buy
0 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
20 Buy rating(s)
19 Buy rating(s)
21 Buy rating(s)
22 Buy rating(s)
Hold
9 Hold rating(s)
8 Hold rating(s)
8 Hold rating(s)
5 Hold rating(s)
Sell
0 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$718.90$660.28$604.76$353.15
Forecasted Upside14.63% Upside-6.56% Downside-5.91% Downside4.95% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate 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.
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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.
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Spotify Technology Stock vs. The Competition

TypeSpotify TechnologyComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.69
2.66
2.53
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside14.63% Upside71.44% Upside14.60% Upside
News Sentiment Rating
Positive News

See Recent SPOT News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/30/2025Morgan Stanley
3 of 5 stars
Manan Gosalia
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Lower TargetOverweight ➝ Overweight$850.00 ➝ $800.00+25.98%
7/30/2025Barclays
3 of 5 stars
Kannan Venkateshwar
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Lower TargetOverweight ➝ Overweight$800.00 ➝ $750.00+18.11%
7/30/2025UBS Group
3 of 5 stars
Batya Levi
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Lower TargetBuy ➝ Buy$895.00 ➝ $850.00+33.64%
7/30/2025KeyCorp
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Justin Patterson
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Lower TargetOverweight ➝ Overweight$860.00 ➝ $830.00+33.17%
7/30/2025Benchmark
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Mark Zgutowicz
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Lower TargetBuy ➝ Buy$840.00 ➝ $800.00+28.36%
7/30/2025Rosenblatt Securities
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Barton Crockett
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Lower TargetNeutral ➝ Neutral$703.00 ➝ $679.00+9.44%
7/30/2025DZ Bank
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 UpgradeSell ➝ Hold$652.00+5.09%
7/29/2025Wells Fargo & Company
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Steven Cahall
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Boost TargetOverweight ➝ Overweight$740.00 ➝ $750.00+20.89%
7/24/2025Oppenheimer
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Jason Helfstein
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UpgradeMarket Perform ➝ Outperform$800.00+18.91%
7/23/2025Deutsche Bank Aktiengesellschaft
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Benjamin Black
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Boost TargetBuy ➝ Buy$700.00 ➝ $775.00+15.78%
7/11/2025JPMorgan Chase & Co.
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Doug Anmuth
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Boost TargetOverweight ➝ Overweight$730.00 ➝ $780.00+10.20%
7/8/2025Sanford C. Bernstein
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I. Moore
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Boost TargetOutperform ➝ Outperform$825.00 ➝ $840.00+16.51%
7/2/2025The Goldman Sachs Group
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Eric Sheridan
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Boost TargetBuy ➝ Buy$680.00 ➝ $775.00+7.97%
7/2/2025Canaccord Genuity Group
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Maria Ripps
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Boost TargetBuy ➝ Buy$775.00 ➝ $850.00+18.27%
6/26/2025Bank of America
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Jessica Reif Ehrlich
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Boost TargetBuy ➝ Buy$700.00 ➝ $900.00+17.01%
6/25/2025Guggenheim
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Michael Morris
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Boost TargetBuy ➝ Buy$725.00 ➝ $840.00+10.92%
6/18/2025Cantor Fitzgerald
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Deepak Mathivanan
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Boost TargetNeutral ➝ Neutral$610.00 ➝ $640.00-9.77%
6/17/2025Pivotal Research
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Jeffrey Wlodarczak
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Boost TargetBuy ➝ Buy$800.00 ➝ $900.00+25.76%
6/16/2025Evercore ISI
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Mark Mahaney
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Boost TargetOutperform ➝ Outperform$650.00 ➝ $750.00+4.05%
5/5/2025Phillip Securities
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H. Wang
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UpgradeModerate Sell
5/2/2025Loop Capital
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Alan Gould
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Boost TargetHold ➝ Hold$435.00 ➝ $550.00-14.43%
5/1/2025Robert W. Baird
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Vikram Kesavabhotla
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Boost TargetOutperform ➝ Outperform$700.00 ➝ $730.00+18.74%
4/25/2025Macquarie
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Tim Nollen
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Boost TargetOutperform ➝ Outperform$600.00 ➝ $665.00+9.87%
4/21/2025Wolfe Research
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D. Brisco
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UpgradePeer Perform ➝ Outperform$660.00+14.81%
3/28/2025FBN Securities
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M. Thornton
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Initiated CoverageSector Perform$645.00+11.16%
3/26/2025China Renaissance
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Yiwen Zhang
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Initiated CoverageBuy$740.00+20.16%
3/11/2025Redburn Atlantic
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H. Faber
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Initiated CoverageStrong Sell ➝ Neutral$230.00 ➝ $545.00+8.04%
2/14/2025Citigroup
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Jason Bazinet
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Boost TargetNeutral ➝ Neutral$540.00 ➝ $720.00+14.17%
11/13/2024TD Cowen
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 Boost TargetHold ➝ Hold$356.00 ➝ $416.00-10.70%
11/13/2024Piper Sandler
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 Boost TargetNeutral ➝ Neutral$330.00 ➝ $450.00-4.44%
7/11/2024Jefferies Financial Group
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 Reiterated RatingHold ➝ Buy$242.00 ➝ $385.00+26.23%
4/24/2024HSBC
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 Boost TargetBuy ➝ Buy$310.00 ➝ $355.00+24.84%
4/15/2024Raymond James Financial
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 Boost TargetOutperform ➝ Outperform$260.00 ➝ $320.00+9.66%
10/25/2023Truist Financial
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 Boost TargetBuy ➝ Buy$176.00 ➝ $190.00+17.79%
9/28/2023Monness Crespi & Hardt
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 DowngradeBuy ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 08:33 PM 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 Friday, August 1, 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.:

  • Spotify Technology S.A. has received multiple upgrades from analysts, indicating strong confidence in its future performance. Recent upgrades include a price target of $800 from Oppenheimer and $750 from Evercore ISI.
  • The company reported a significant year-over-year revenue increase of 15.2%, showcasing its growth potential in the audio streaming market.
  • Spotify Technology S.A. has a strong market capitalization of approximately $128 billion, reflecting its established position in the industry.
  • The current stock price is around $626, which may present a buying opportunity for investors looking to enter at a lower price point compared to its 12-month high of $785.
  • With a consensus rating of "Moderate Buy" and a majority of analysts giving buy ratings, investor sentiment appears positive, suggesting potential for price appreciation.

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 recently reported earnings per share (EPS) of $1.13, which missed the consensus estimate of $2.29, raising concerns about its profitability.
  • Despite revenue growth, the net margin of 4.76% indicates that the company may be facing challenges in maintaining profitability amidst rising costs.
  • Spotify Technology S.A. has a high price-to-earnings (P/E) ratio of 152.05, suggesting that the stock may be overvalued compared to its earnings, which could deter value-focused investors.
  • Recent stock performance shows a decline of about 3.7%, which may indicate volatility and uncertainty in the market.
  • With a significant portion of the stock owned by institutional investors (84.09%), retail investors may have less influence on stock price movements, potentially leading to increased volatility.

SPOT Forecast - Frequently Asked Questions

According to the research reports of 29 Wall Street equities research analysts, the average twelve-month stock price forecast for Spotify Technology is $718.90, with a high forecast of $900.00 and a low forecast of $416.00.

29 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last year. There are currently 9 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SPOT shares.

According to analysts, Spotify Technology's stock has a predicted upside of 14.63% based on their 12-month stock forecasts.

Over the previous 90 days, Spotify Technology's stock had 4 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 2.69 while the average consensus rating score for "computer and technology" companies is 2.66. Learn more on how SPOT compares to other companies.


This page (NYSE:SPOT) was last updated on 8/1/2025 by MarketBeat.com Staff
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