Spotify Technology (SPOT) Stock Forecast & Price Target

$608.17 +1.95 (+0.32%)

Closing price 03:59 PM Eastern

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$607.10 -1.08 (-0.18%)

As of 06:35 PM Eastern

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

Consensus Rating

Moderate Buy

Based on 33 Analyst Ratings

Sell
1

Hold
9

Buy
23

Based on 33 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 33 analysts, 1 has given a sell rating, 9 have given a hold rating, and 23 have given a buy rating for SPOT.

Consensus Price Target

$620.07
1.96% Upside

According to the 33 analysts' twelve-month price targets for Spotify Technology, the average price target is $620.07. The highest price target for SPOT is $750.00, while the lowest price target for SPOT is $400.00. The average price target represents a forecasted upside of 1.96% from the current price of $608.17.

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 11/11/25 to 11/11/26	1 Month Ago 10/12/25 to 10/12/26	3 Months Ago 8/13/25 to 8/13/26	1 Year Ago 11/11/24 to 11/11/25
Strong Buy	0 Strong Buy rating(s)	1 Strong Buy rating(s)	2 Strong Buy rating(s)	2 Strong Buy rating(s)
Buy	23 Buy rating(s)	23 Buy rating(s)	23 Buy rating(s)	21 Buy rating(s)
Hold	9 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)	10 Hold rating(s)
Sell	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$620.07	$610.25	$625.79	$729.94
Forecasted Upside	1.96% Upside	15.37% Upside	25.65% Upside	14.04% 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	2.67	2.07	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	3.37% Upside	52.25% Upside	14.18% Upside
News Sentiment Rating	Positive News See Recent SPOT News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
10/26/2026	Phillip Securities 4 of 5 stars		Downgrade	Strong-Buy ➝ Moderate Buy
10/23/2026	Morgan Stanley 3 of 5 stars	Manan Gosalia 3 of 5 stars	Boost Target	Overweight	$640.00 ➝ $700.00	+19.35%
10/23/2026	Piper Sandler 2 of 5 stars	James Callahan 1 of 5 stars	Reiterated Rating	Neutral	$540.00 ➝ $580.00	-0.86%
10/23/2026	Oppenheimer Subscribe to MarketBeat All Access to unlock brokerage rankings	Jason Helfstein Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Outperform	$550.00 ➝ $650.00	+11.10%
10/23/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access to unlock brokerage rankings	Douglas Anmuth Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Overweight	$650.00 ➝ $700.00	+20.22%
10/23/2026	Wells Fargo & Company Subscribe to MarketBeat All Access to unlock brokerage rankings	Steven Cahall Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Overweight	$570.00 ➝ $660.00	+14.79%
10/23/2026	Barclays Subscribe to MarketBeat All Access to unlock brokerage rankings	Kannan Venkateshwar Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Overweight	$565.00 ➝ $650.00	+11.34%
10/23/2026	TD Cowen Subscribe to MarketBeat All Access to unlock brokerage rankings	Doug Creutz Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Hold	$525.00	-10.03%
10/23/2026	Citizens Jmp Subscribe to MarketBeat All Access to unlock brokerage rankings	Matthew Condon Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Market Outperform	$625.00	+7.44%
10/23/2026	Guggenheim Subscribe to MarketBeat All Access to unlock brokerage rankings	Michael Morris Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$575.00 ➝ $650.00	+11.74%
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10/23/2026	Cantor Fitzgerald Subscribe to MarketBeat All Access to unlock brokerage rankings	Deepak Mathivanan Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Neutral	$490.00 ➝ $550.00	-5.45%
10/22/2026	Zacks Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Hold ➝ Strong Sell
10/20/2026	Rosenblatt Securities Subscribe to MarketBeat All Access to unlock brokerage rankings	Barton Crockett Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Neutral	$527.00	+1.51%
10/14/2026	Stonex Financial Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Strong-Buy ➝ Hold
10/5/2026	UBS Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Batya Levi Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$690.00 ➝ $675.00	+40.40%
10/1/2026	KeyCorp Subscribe to MarketBeat All Access to unlock brokerage rankings	Justin Patterson Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Overweight	$680.00 ➝ $660.00	+35.28%
8/26/2026	Weiss Ratings Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold (C) ➝ Hold (C+)
8/13/2026	Argus Subscribe to MarketBeat All Access to unlock brokerage rankings	Joseph Bonner Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Buy	$600.00	+23.03%
7/22/2026	Benchmark Subscribe to MarketBeat All Access to unlock brokerage rankings	Mark Zgutowicz Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$695.00 ➝ $650.00	+35.92%
6/17/2026	Moffett Nathanson Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Neutral	$492.00 ➝ $499.00	-5.76%
6/5/2026	DA Davidson Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Buy	$600.00 ➝ $650.00	+22.75%
4/29/2026	Deutsche Bank Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Buy	$675.00 ➝ $620.00	+17.09%
4/29/2026	Canaccord Genuity Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Maria Ripps Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$750.00 ➝ $720.00	+61.38%
4/29/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Eric Sheridan Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$670.00 ➝ $600.00	+35.79%
4/29/2026	Pivotal Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Hold	$420.00 ➝ $400.00	-8.09%
3/26/2026	Daiwa Securities Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Initiated Coverage	Outperform	$535.00	+13.07%
2/26/2026	Arete Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Neutral ➝ Buy	$586.00	+26.45%
2/11/2026	Bank of America Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Buy	$900.00 ➝ $750.00	+41.64%
2/9/2026	Jefferies Financial Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Buy	$750.00 ➝ $650.00	+22.75%
1/30/2026	Citigroup Subscribe to MarketBeat All Access to unlock brokerage rankings	Jason Bazinet Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Neutral ➝ Buy	$650.00	+29.19%
1/20/2026	President Capital Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Neutral ➝ Buy	$732.00 ➝ $620.00	+17.09%
1/14/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access to unlock brokerage rankings	Ian Moore Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Outperform	$830.00 ➝ $650.00	+23.79%
12/5/2025	Erste Group Bank Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Buy ➝ Hold
11/4/2025	DZ Bank Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold ➝ Strong-Buy
9/16/2025	BNP Paribas Exane Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Strong-Buy
6/16/2025	Evercore Subscribe to MarketBeat All Access to unlock brokerage rankings	Mark Mahaney Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Outperform	$650.00 ➝ $750.00	+4.05%
5/2/2025	Loop Capital Subscribe to MarketBeat All Access to unlock brokerage rankings	Alan Gould Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Hold	$435.00 ➝ $550.00	-14.43%
5/1/2025	Robert W. Baird Subscribe to MarketBeat All Access to unlock brokerage rankings	Vikram Kesavabhotla Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Outperform	$700.00 ➝ $730.00	+18.74%
4/25/2025	Macquarie Infrastructure Subscribe to MarketBeat All Access to unlock brokerage rankings	Tim Nollen Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Outperform	$600.00 ➝ $665.00	+9.87%
4/21/2025	Wolfe Research Subscribe to MarketBeat All Access to unlock brokerage rankings	D. Brisco Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Peer Perform ➝ Outperform	$660.00	+14.81%
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3/28/2025	FBN Securities Subscribe to MarketBeat All Access to unlock brokerage rankings	M. Thornton Subscribe to MarketBeat All Access to unlock analyst rankings	Initiated Coverage	Sector Perform	$645.00	+11.16%
3/26/2025	China Renaissance Subscribe to MarketBeat All Access to unlock brokerage rankings	Yiwen Zhang Subscribe to MarketBeat All Access to unlock analyst rankings	Initiated Coverage	Buy	$740.00	+20.16%
3/11/2025	Rothschild & Co Redburn Subscribe to MarketBeat All Access to unlock brokerage rankings	Hamilton Faber Subscribe to MarketBeat All Access to unlock analyst rankings	Initiated Coverage	Strong Sell ➝ Neutral	$230.00 ➝ $545.00	+8.04%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 06:36 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 Monday, November 9, 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. is currently trading at $608.67, a price that reflects strong recent momentum and is supported by a consensus rating of Moderate Buy from 23 analysts who have assigned a Buy rating, indicating broad institutional confidence in the company's trajectory.
The company demonstrated robust financial performance in its most recent quarter, reporting revenue of $5.63 billion, which represented a 16.3% year-over-year increase, signaling that the platform continues to effectively monetize its user base despite a challenging macroeconomic environment.
Spotify Technology S.A. is leveraging artificial intelligence to drive growth, with recent reports indicating plans for a paid AI remix and cover service expected in early 2027, which could create a new revenue stream and help offset slowing growth in Premium revenue per user.
Short interest in the stock has decreased significantly, with shares shorted dropping to 3,480,760 as of the October 15, 2026 record date, a decline from previous months that suggests a reduction in bearish sentiment and potential for a short squeeze if positive news continues to emerge.
Institutional investors are actively increasing their positions, with funds like Ethic Inc. boosting their holdings by 7.7% in the third quarter and Torray Investment Partners LLC acquiring a new position, indicating that professional money managers are viewing the stock as a compelling long-term investment.

Spotify Technology
Bear Case

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

Spotify Technology S.A. missed its earnings expectations in the most recent quarter, reporting an EPS of $2.81 compared to the consensus estimate of $3.18, a shortfall of $0.37 that may raise concerns about the company's ability to meet future profit targets.
The stock is trading at a P/E ratio of 40.35, which is significantly higher than the market average, suggesting that investors are paying a premium for growth that may not be fully justified by current earnings, especially given the recent EPS miss.
CEO Gustav Söderström has been consistently selling shares, with a recent transaction on October 12, 2026, where he sold 20,910 shares at an average price of $530.13, a pattern of insider selling that could signal a lack of confidence in the stock's near-term upside.
Some institutional investors are reducing their exposure, with Calamos Advisors LLC decreasing its stake by 65.9% in the third quarter and Privium Fund Management B.V. cutting its holdings by 40.0%, indicating that some professional investors are taking profits or re-evaluating their positions.
The company faces a high beta of 1.49, meaning its stock is more volatile than the overall market, which could lead to larger price swings and increased risk for investors who are sensitive to market fluctuations.

SPOT Forecast - Frequently Asked Questions

According to the research reports of 33 Wall Street equities research analysts, the average twelve-month stock price forecast for Spotify Technology is $620.07, with a high forecast of $750.00 and a low forecast of $400.00.

33 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last twelve months. There is currently 1 sell rating, 9 hold ratings and 23 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 1.96% based on their 12-month stock forecasts.

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

Spotify Technology has been rated by research analysts at Argus, Barclays, Cantor Fitzgerald, Citizens Jmp, Guggenheim, JPMorgan Chase & Co., KeyCorp, Morgan Stanley, Oppenheimer, Phillip Securities, Piper Sandler, Rosenblatt Securities, Stonex Financial, TD Cowen, UBS Group, Weiss Ratings, Wells Fargo & Company, and Zacks Research 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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MarketBeat monitors more than a dozen sources for Spotify Technology analyst ratings, with the most recent rating issued on 10/26/2026.

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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

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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 2027?

Should I buy or sell Spotify Technology stock right now?

Does Spotify Technology's stock price have much upside?

Has Spotify Technology been upgraded or downgraded by Wall Street analysts recently?

What analysts cover Spotify Technology?

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

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Today's Analyst Ratings

Top-Rated Stocks

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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