Spotify Technology (SPOT) Stock Forecast & Price Target

$489.90 +14.83 (+3.12%)

Closing price 08/7/2026 03:59 PM Eastern

Extended Trading

$487.75 -2.15 (-0.44%)

As of 08/7/2026 07:57 PM Eastern

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Spotify Technology - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 26 Analyst Ratings

Sell
0

Hold
6

Buy
20

Based on 26 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 26 analysts, 6 have given a hold rating, 18 have given a buy rating, and 2 have given a strong buy rating for SPOT.

Consensus Price Target

$630.00
28.60% Upside

According to the 26 analysts' twelve-month price targets for Spotify Technology, the average price target is $630.00. The highest price target for SPOT is $900.00, while the lowest price target for SPOT is $400.00. The average price target represents a forecasted upside of 28.60% from the current price of $489.90.

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.

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SPOT Analyst Ratings Over Time

Type	Current Forecast 8/9/25 to 8/9/26	1 Month Ago 7/10/25 to 7/10/26	3 Months Ago 5/11/25 to 5/11/26	1 Year Ago 8/9/24 to 8/9/25
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	2 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	18 Buy rating(s)	19 Buy rating(s)	22 Buy rating(s)	20 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)	10 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$630.00	$638.58	$645.77	$718.90
Forecasted Upside	28.60% Upside	32.91% Upside	53.97% Upside	1.77% 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.

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.

Spotify Technology Stock vs. The Competition

Type	Spotify Technology	Communication Services Companies	Broader Market
Consensus Rating Score	2.85	2.05	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	28.60% Upside	71.17% Upside	11.63% Upside
News Sentiment Rating	Neutral News See Recent SPOT News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
8/5/2026	Cantor Fitzgerald 5 of 5 stars	Deepak Mathivanan 2 of 5 stars	Boost Target	Neutral	$510.00 ➝ $530.00	+9.73%
8/5/2026	Guggenheim 5 of 5 stars	Michael Morris 3 of 5 stars	Reiterated Rating	Buy	$565.00	+16.98%
8/5/2026	Rosenblatt Securities 5 of 5 stars	Barton Crockett 3 of 5 stars	Lower Target	Neutral	$531.00 ➝ $527.00	+9.11%
7/22/2026	Benchmark Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Mark Zgutowicz Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$695.00 ➝ $650.00	+35.92%
7/10/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Batya Levi Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$735.00 ➝ $690.00	+44.45%
7/9/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Steven Cahall Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Overweight	$600.00 ➝ $570.00	+17.34%
6/23/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Hold (C+) ➝ Hold (C)
5/22/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Doug Anmuth Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$600.00 ➝ $650.00	+25.22%
5/22/2026	Citizens Jmp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Matthew Condon Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Market Outperform	$600.00 ➝ $625.00	+18.27%
5/22/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Kannan Venkateshwar Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$500.00 ➝ $565.00	+6.60%
Get the Latest News and Ratings for SPOT and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Spotify Technology and its competitors with MarketBeat's FREE daily newsletter.
5/22/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Manan Gosalia Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$590.00 ➝ $610.00	+17.23%
4/29/2026	Canaccord Genuity Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Maria Ripps Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$750.00 ➝ $720.00	+61.38%
4/29/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Eric Sheridan Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$670.00 ➝ $600.00	+35.79%
4/29/2026	Pivotal Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Hold	$420.00 ➝ $400.00	-8.09%
4/29/2026	KeyCorp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Justin Patterson Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Overweight	$745.00 ➝ $680.00	+56.08%
3/26/2026	Daiwa Securities Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Outperform	$535.00	+13.07%
2/26/2026	Arete Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$586.00	+26.45%
1/30/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jason Bazinet Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$650.00	+29.19%
1/27/2026	Moffett Nathanson Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Neutral	$487.00	-4.88%
1/14/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ian Moore Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Outperform	$830.00 ➝ $650.00	+23.79%
12/5/2025	Erste Group Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Hold
11/10/2025	Phillip Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Moderate Buy
11/4/2025	DZ Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
9/29/2025	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Joseph Bonner Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Buy	$845.00	+18.04%
9/16/2025	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Strong-Buy
8/18/2025	Oppenheimer Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jason Helfstein Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$750.00 ➝ $825.00	+13.21%
7/23/2025	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Benjamin Black Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$700.00 ➝ $775.00	+15.78%
6/26/2025	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jessica Reif Ehrlich Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$700.00 ➝ $900.00	+17.01%
6/16/2025	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Mark Mahaney Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$650.00 ➝ $750.00	+4.05%
5/2/2025	Loop Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Alan Gould Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Hold	$435.00 ➝ $550.00	-14.43%
5/1/2025	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Vikram Kesavabhotla Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$700.00 ➝ $730.00	+18.74%
4/25/2025	Macquarie Infrastructure Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Tim Nollen Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$600.00 ➝ $665.00	+9.87%
4/21/2025	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	D. Brisco Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Peer Perform ➝ Outperform	$660.00	+14.81%
3/28/2025	FBN Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	M. Thornton Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Sector Perform	$645.00	+11.16%
3/26/2025	China Renaissance Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Yiwen Zhang Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Buy	$740.00	+20.16%
3/11/2025	Rothschild & Co Redburn Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Hamilton Faber Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Strong Sell ➝ Neutral	$230.00 ➝ $545.00	+8.04%
11/13/2024	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Hold	$356.00 ➝ $416.00	-10.70%
11/13/2024	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Neutral	$330.00 ➝ $450.00	-4.44%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 07:18 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, August 3, 2026. Please send any questions or comments about these Spotify Technology pros and cons to contact@marketbeat.com.

Spotify Technology
Bull Case

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

Spotify Technology S.A. has a strong market presence in the audio streaming industry, providing both a Premium subscription service and an ad-supported model, which diversifies its revenue streams.
The company is expected to post earnings per share of approximately 14.45 for the current fiscal year, indicating potential profitability and growth.
Spotify Technology S.A. continues to expand its catalog of music and podcasts, enhancing user engagement and retention, which is crucial for long-term success.
The current stock price is around $150, which may present a buying opportunity for investors looking to enter the market at a favorable valuation.
With a growing portfolio of spoken-word content, Spotify Technology S.A. is tapping into new audience segments, potentially increasing its user base and revenue.

Spotify Technology
Bear Case

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

Despite its growth, Spotify Technology S.A. faces intense competition from other streaming services, which could impact its market share and profitability.
The ad-supported segment, while beneficial for user acquisition, may not generate sufficient revenue compared to the Premium segment, potentially limiting overall financial performance.
Investors should be cautious as the company has previously reported fluctuating earnings, which can lead to uncertainty regarding future financial stability.
As the company invests heavily in content creation and technology, there is a risk of increased operational costs that could affect profit margins.
Market volatility and changing consumer preferences in the entertainment industry could pose risks to Spotify Technology S.A.'s growth trajectory.

SPOT Forecast - Frequently Asked Questions

According to the research reports of 26 Wall Street equities research analysts, the average twelve-month stock price forecast for Spotify Technology is $630.00, with a high forecast of $900.00 and a low forecast of $400.00.

26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last year. There are currently 6 hold ratings, 18 buy ratings and 2 strong 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 28.60% based on their 12-month stock forecasts.

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

Spotify Technology has been rated by research analysts at Barclays, Benchmark, Cantor Fitzgerald, Citizens Jmp, Guggenheim, JPMorgan Chase & Co., Morgan Stanley, Rosenblatt Securities, UBS Group, Weiss Ratings, and Wells Fargo & Company in the past 90 days.

Analysts like Spotify Technology more than other "communication services" companies. The consensus rating for Spotify Technology is Moderate Buy while the average consensus rating for "communication services" companies is Hold. Learn more on how SPOT compares to other companies.

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This page (NYSE:SPOT) was last updated on 8/9/2026 by MarketBeat.com Staff.

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Spotify Technology (SPOT) Stock Forecast & Price Target

Spotify Technology - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

SPOT Analyst Ratings Over Time

SPOT Analyst Recommendations By Month

SPOT Price Targets by Month

Spotify Technology Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

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

Spotify Technology
Bull Case

Spotify Technology
Bear Case

SPOT Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Spotify Technology Recommendations

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Spotify Technology (SPOT) Stock Forecast & Price Target

Spotify Technology - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

SPOT Analyst Ratings Over Time

SPOT Analyst Recommendations By Month

SPOT Price Targets by Month

Spotify Technology Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

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

Spotify Technology Bull Case

Spotify Technology Bear Case

SPOT Forecast - Frequently Asked Questions

What is Spotify Technology's forecast for 2026?

Should I buy or sell Spotify Technology stock right now?

Does Spotify Technology's stock price have much upside?

Has Spotify Technology been downgraded by Wall Street analysts recently?

What analysts cover Spotify Technology?

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

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Spotify Technology Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Spotify Technology
Bull Case

Spotify Technology
Bear Case