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Spotify Technology (SPOT) Stock Forecast & Price Target

Spotify Technology logo
$681.46 -25.84 (-3.65%)
Closing price 10/3/2025 03:59 PM Eastern
Extended Trading
$682.88 +1.42 (+0.21%)
As of 10/3/2025 07:59 PM Eastern
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Spotify Technology - Analysts' Recommendations and Stock Price Forecast (2025)

Consensus Rating

Sell
0
Hold
12
Buy
22

Based on 34 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 34 analysts, 12 have given a hold rating, 21 have given a buy rating, and 1 has given a strong buy rating for SPOT.

Consensus Price Target

$731.16
7.29% Upside
According to the 34 analysts' twelve-month price targets for Spotify Technology, the average price target is $731.16. 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 7.29% from the current price of $681.46.
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

TypeCurrent Forecast
10/5/24 to 10/5/25
1 Month Ago
9/5/24 to 9/5/25
3 Months Ago
7/7/24 to 7/7/25
1 Year Ago
10/6/23 to 10/5/24
Strong Buy
1 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
21 Buy rating(s)
20 Buy rating(s)
19 Buy rating(s)
23 Buy rating(s)
Hold
12 Hold rating(s)
10 Hold rating(s)
8 Hold rating(s)
5 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$731.16$720.07$660.28$359.14
Forecasted Upside7.29% Upside1.74% Upside-10.46% Downside-3.31% Downside
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.
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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.
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
2.68
2.31
2.51
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside7.29% Upside55.35% Upside10.49% Upside
News Sentiment Rating
Positive News

See Recent SPOT News
Positive News
Positive News
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside
Details
10/1/2025Rosenblatt Securities
4 of 5 stars
Barton Crockett
Barton Crockett
Not Rated
Reiterated RatingNeutral$679.00-2.81%
9/30/2025The Goldman Sachs Group
3 of 5 stars
Eric Sheridan
Eric Sheridan
1 of 5 stars
DowngradeBuyNeutral$765.00 ➝ $770.00+5.84%
9/29/2025Argus
4 of 5 stars
Joseph Bonner
Not Rated
Initiated CoverageBuy$845.00+18.04%
9/29/2025JPMorgan Chase & Co.
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Boost TargetOverweight$740.00 ➝ $805.00+12.45%
9/27/2025Weiss Ratings
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 Reiterated RatingHold (C-)
9/16/2025BNP Paribas
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 UpgradeStrong-Buy
9/16/2025BNP Paribas Exane
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 Initiated CoverageOutperform$900.00+27.97%
9/9/2025Citigroup
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Boost TargetNeutral$715.00 ➝ $750.00+4.51%
9/3/2025Guggenheim
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Reiterated RatingBuy$850.00+20.23%
8/18/2025Oppenheimer
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Boost TargetOutperform$750.00 ➝ $825.00+13.21%
8/4/2025Phillip Securities
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 UpgradeModerate SellHold
7/30/2025Morgan Stanley
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Lower TargetOverweight$850.00 ➝ $800.00+25.98%
7/30/2025Barclays
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Lower TargetOverweight$800.00 ➝ $750.00+18.11%
7/30/2025UBS Group
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Lower TargetBuy$895.00 ➝ $850.00+33.64%
7/30/2025KeyCorp
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Lower TargetOverweight$860.00 ➝ $830.00+33.17%
7/30/2025Benchmark
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Lower TargetBuy$840.00 ➝ $800.00+28.36%
7/30/2025DZ Bank
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 UpgradeSellHold$652.00+5.09%
7/29/2025Wells Fargo & Company
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Boost TargetOverweight$740.00 ➝ $750.00+20.89%
7/23/2025Deutsche Bank Aktiengesellschaft
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Boost TargetBuy$700.00 ➝ $775.00+15.78%
7/8/2025Sanford C. Bernstein
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Boost TargetOutperform$825.00 ➝ $840.00+16.51%
7/2/2025Canaccord Genuity Group
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Boost TargetBuy$775.00 ➝ $850.00+18.27%
6/26/2025Bank of America
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Boost TargetBuy$700.00 ➝ $900.00+17.01%
6/18/2025Cantor Fitzgerald
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Boost TargetNeutral$610.00 ➝ $640.00-9.77%
6/17/2025Pivotal Research
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Boost TargetBuy$800.00 ➝ $900.00+25.76%
6/16/2025Evercore ISI
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Boost TargetOutperform$650.00 ➝ $750.00+4.05%
5/2/2025Loop Capital
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Boost TargetHold$435.00 ➝ $550.00-14.43%
5/1/2025Robert W. Baird
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Boost TargetOutperform$700.00 ➝ $730.00+18.74%
4/25/2025Macquarie
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Boost TargetOutperform$600.00 ➝ $665.00+9.87%
4/21/2025Wolfe Research
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UpgradePeer PerformOutperform$660.00+14.81%
3/28/2025FBN Securities
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Initiated CoverageSector Perform$645.00+11.16%
3/26/2025China Renaissance
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Initiated CoverageBuy$740.00+20.16%
3/11/2025Redburn Atlantic
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Initiated CoverageStrong SellNeutral$230.00 ➝ $545.00+8.04%
11/13/2024TD Cowen
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 Boost TargetHold$356.00 ➝ $416.00-10.70%
11/13/2024Piper Sandler
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 Boost TargetNeutral$330.00 ➝ $450.00-4.44%
7/11/2024Jefferies Financial Group
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 Reiterated RatingHoldBuy$242.00 ➝ $385.00+26.23%
4/24/2024HSBC
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 Boost TargetBuy$310.00 ➝ $355.00+24.84%
4/15/2024Raymond James Financial
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 Boost TargetOutperform$260.00 ➝ $320.00+9.66%
10/25/2023Truist Financial
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 Boost TargetBuy$176.00 ➝ $190.00+17.79%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 10:48 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 Saturday, October 4, 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, with target prices reaching as high as $825, indicating strong market confidence in its growth potential.
  • The current stock price is around $707, which is significantly higher than its 12-month low of $362, suggesting a strong recovery and potential for further appreciation.
  • The company reported a revenue of $4.94 billion in its latest quarter, exceeding expectations, which reflects its strong market position and ability to generate income.
  • Spotify Technology S.A. has a consensus rating of "Moderate Buy" from analysts, with a majority recommending the stock as a good investment opportunity.
  • With a return on equity of 13.67%, the company demonstrates effective management of shareholder funds, which is a positive indicator for potential investors.

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 (EPS) in its latest quarter, missing the consensus estimate significantly, which raises concerns about profitability.
  • Despite strong revenue growth, the high price-to-earnings (P/E) ratio of 171.77 suggests that the stock may be overvalued compared to its earnings, which could deter value-focused investors.
  • Spotify Technology S.A. has a beta of 1.67, indicating higher volatility compared to the market, which may pose risks for more conservative investors.
  • Analysts have mixed opinions, with some firms lowering their price targets, which could signal uncertainty about the company's future performance.
  • The competitive landscape in the audio streaming industry is intensifying, with other players gaining market share, which could impact Spotify's growth prospects.

SPOT Forecast - Frequently Asked Questions

According to the research reports of 34 Wall Street equities research analysts, the average twelve-month stock price forecast for Spotify Technology is $731.16, with a high forecast of $900.00 and a low forecast of $416.00.

34 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last year. There are currently 12 hold ratings, 21 buy ratings and 1 strong buy rating 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 7.29% 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 for Spotify Technology is Moderate Buy while the average consensus rating for "computer and technology" companies is Hold. Learn more on how SPOT compares to other companies.


This page (NYSE:SPOT) was last updated on 10/5/2025 by MarketBeat.com Staff
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