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Spotify Technology (SPOT) Stock Forecast & Price Target

$329.16
-1.63 (-0.49%)
(As of 03:03 PM ET)

Spotify Technology - Analysts' Recommendations and Stock Price Forecast (2024)

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

Based on 28 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 28 analysts, 1 has given a sell rating, 5 have given a hold rating, and 22 have given a buy rating for SPOT.

Consensus Price Target

$350.56
6.50% Upside
High Forecast$460.00
Average Forecast$350.56
Low Forecast$190.00

According to the 28 analysts' twelve-month price targets for Spotify Technology, the average price target is $350.56. The highest price target for SPOT is $460.00, while the lowest price target for SPOT is $190.00. The average price target represents a forecasted upside of 6.50% from the current price of $329.16.

TypeCurrent Forecast
7/25/23 to 7/24/24
1 Month Ago
6/25/23 to 6/24/24
3 Months Ago
4/26/23 to 4/25/24
1 Year Ago
7/25/22 to 7/25/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
22 Buy rating(s)
18 Buy rating(s)
19 Buy rating(s)
14 Buy rating(s)
Hold
5 Hold rating(s)
8 Hold rating(s)
8 Hold rating(s)
7 Hold rating(s)
Sell
1 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$350.56$311.48$301.81$162.64
Forecasted Upside6.50% Upside17.71% Upside18.62% Upside23.25% Upside
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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 TechnologyBusiness Services CompaniesS&P 500
Consensus Rating Score
2.68
2.64
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside-1.19% Downside179.97% Upside9.26% Upside
News Sentiment RatingPositive News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/24/2024Morgan Stanley
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$370.00 ➝ $400.00+20.24%
7/24/2024Barclays
2 of 5 stars
 Boost TargetOverweight ➝ Overweight$350.00 ➝ $360.00+8.22%
7/24/2024JPMorgan Chase & Co.
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$375.00 ➝ $425.00+25.57%
7/24/2024TD Cowen
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 Boost TargetHold ➝ Hold$273.00 ➝ $356.00+3.54%
7/24/2024Rosenblatt Securities
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 Boost TargetBuy ➝ Buy$396.00 ➝ $399.00+20.67%
7/24/2024Pivotal Research
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 Boost TargetBuy$400.00 ➝ $460.00+39.12%
7/24/2024The Goldman Sachs Group
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 UpgradeNeutral ➝ Buy$320.00 ➝ $425.00+28.53%
7/24/2024DZ Bank
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 UpgradeHold ➝ Buy$375.00+13.41%
7/23/2024Macquarie
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 Boost TargetOutperform ➝ Outperform$345.00 ➝ $395.00+19.41%
7/22/2024Benchmark
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 Reiterated RatingBuy ➝ Buy$405.00 ➝ $405.00+36.74%
7/12/2024Wolfe Research
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D. Brisco
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Initiated CoverageOutperform$390.00+29.67%
7/11/2024UBS Group
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 Boost TargetBuy ➝ Buy$375.00 ➝ $400.00+32.76%
7/11/2024Jefferies Financial Group
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 Reiterated RatingHold ➝ Buy$242.00 ➝ $385.00+26.23%
7/10/2024Redburn Atlantic
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 Reiterated RatingNeutral ➝ Sell$230.00-26.18%
7/10/2024KeyCorp
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 Boost TargetOverweight ➝ Overweight$400.00 ➝ $410.00+31.60%
7/2/2024Bank of America
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 Boost TargetBuy ➝ Buy$370.00 ➝ $380.00+21.02%
5/7/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$255.00 ➝ $310.00+3.79%
4/24/2024Guggenheim
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 Boost TargetBuy ➝ Buy$290.00 ➝ $350.00+23.08%
4/24/2024HSBC
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 Boost TargetBuy ➝ Buy$310.00 ➝ $355.00+24.84%
4/24/2024Piper Sandler
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 Reiterated RatingNeutral ➝ Neutral$300.00 ➝ $320.00+12.19%
4/22/2024Loop Capital
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 Boost TargetHold ➝ Hold$165.00 ➝ $250.00-7.60%
4/22/2024Canaccord Genuity Group
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 Boost TargetBuy ➝ Buy$315.00 ➝ $330.00+19.64%
4/17/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetBuy ➝ Buy$260.00 ➝ $340.00+14.83%
4/15/2024Raymond James
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 Boost TargetOutperform ➝ Outperform$260.00 ➝ $320.00+9.66%
1/31/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$250.00 ➝ $280.00+28.38%
12/8/2023Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$185.00 ➝ $225.00+15.07%
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
4/26/2023VNET Group
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 Reiterated RatingMaintains
3/1/2023Redburn Partners
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 UpgradeNeutral ➝ Buy$140.00+20.01%
2/6/2023Atlantic Securities
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 UpgradeNeutral ➝ Overweight$160.00+32.05%
10/26/2022Evercore ISI
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 Lower Target$230.00 ➝ $175.00+100.99%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 03:21 PM ET.

SPOT Forecast - Frequently Asked Questions

What is Spotify Technology's forecast for 2024?

According to the research reports of 28 Wall Street equities research analysts, the average twelve-month stock price forecast for Spotify Technology is $350.56, with a high forecast of $460.00 and a low forecast of $190.00.

Should I buy or sell Spotify Technology stock right now?

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last year. There is currently 1 sell rating, 5 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SPOT shares.

Does Spotify Technology's stock price have much upside?

According to analysts, Spotify Technology's stock has a predicted upside of 18.26% based on their 12-month stock forecasts.

Has Spotify Technology been upgraded by Wall Street analysts recently?

Over the previous 90 days, Spotify Technology's stock had 2 upgrades by analysts.

What analysts cover Spotify Technology?
Do Wall Street analysts like Spotify Technology more than its competitors?

Analysts like Spotify Technology more than other "business services" companies. The consensus rating score for Spotify Technology is 2.75 while the average consensus rating score for "business services" companies is 2.64. Learn more on how SPOT compares to other companies.


This page (NYSE:SPOT) was last updated on 7/24/2024 by MarketBeat.com Staff

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