Spotify Technology (SPOT) Stock Forecast & Price Target

$419.47 -18.79 (-4.29%)

Closing price 03:59 PM Eastern

Extended Trading

$418.88 -0.59 (-0.14%)

As of 07:59 PM Eastern

Compare

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

Consensus Rating

Moderate Buy

Based on 29 Analyst Ratings

Sell
0

Hold
5

Buy
24

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, 5 have given a hold rating, 22 have given a buy rating, and 2 have given a strong buy rating for SPOT.

Consensus Price Target

$645.77
53.95% Upside

According to the 29 analysts' twelve-month price targets for Spotify Technology, the average price target is $645.77. 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 53.95% from the current price of $419.47.

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.

Get the Latest News and Ratings for SPOT and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Spotify Technology and its competitors.

SMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

SPOT Analyst Ratings Over Time

Type	Current Forecast 5/5/25 to 5/5/26	1 Month Ago 4/5/25 to 4/5/26	3 Months Ago 2/4/25 to 2/4/26	1 Year Ago 5/5/24 to 5/5/25
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	2 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	22 Buy rating(s)	24 Buy rating(s)	24 Buy rating(s)	20 Buy rating(s)
Hold	5 Hold rating(s)	7 Hold rating(s)	8 Hold rating(s)	8 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$645.77	$699.00	$727.71	$604.76
Forecasted Upside	53.95% Upside	43.10% Upside	65.20% Upside	-5.13% Downside
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	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.90	2.30	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	53.95% Upside	156.93% Upside	14.74% 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
5/4/2026	Weiss Ratings Not Rated		Upgrade	Hold (C) ➝ Hold (C+)
4/30/2026	UBS Group 4 of 5 stars	Batya Levi 2 of 5 stars	Lower Target	Buy	$760.00 ➝ $735.00	+64.75%
4/29/2026	Canaccord Genuity Group 4 of 5 stars	Maria Ripps 2 of 5 stars	Lower Target	Buy	$750.00 ➝ $720.00	+61.38%
4/29/2026	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	Lower Target	Overweight	$700.00 ➝ $600.00	+34.49%
4/29/2026	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	$760.00 ➝ $695.00	+54.68%
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	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	Reiterated Rating	Market Outperform	$800.00 ➝ $600.00	+35.49%
4/29/2026	Guggenheim Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Michael Morris Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$600.00 ➝ $565.00	+27.59%
4/29/2026	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	$640.00 ➝ $580.00	+29.90%
4/29/2026	Cantor Fitzgerald Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Deepak Mathivanan Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Neutral	$525.00 ➝ $430.00	-2.48%
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.
4/29/2026	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	Lower Target	Overweight	$600.00 ➝ $500.00	+13.39%
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%
4/29/2026	Rosenblatt Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Barton Crockett Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Neutral ➝ Buy	$670.00 ➝ $500.00	+15.27%
4/13/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Overweight	$630.00	+27.63%
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%
7/11/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Hold ➝ Buy	$242.00 ➝ $385.00	+26.23%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:32 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, May 2, 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.:

The company recently reported a significant earnings per share (EPS) of $5.16, which surpassed expectations, indicating strong financial performance.
Spotify Technology S.A. has shown a net margin of over 13%, suggesting effective cost management and profitability.
The current stock price is around $440, which may present a buying opportunity for investors looking for growth in the digital audio streaming sector.
Analysts project an EPS of 15.73 for the current fiscal year, indicating potential for continued earnings growth.
With 84.09% of the stock owned by institutional investors, there is a strong level of confidence from large financial entities in the company's future prospects.

Spotify Technology
Bear Case

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

The stock price target has been recently lowered by analysts, indicating a potential downside from its previous close, which may reflect concerns about future performance.
There has been a notable decrease in insider ownership, with key executives selling significant shares, which could signal a lack of confidence in the company's short-term outlook.
Recent reports have highlighted a slump in advertising revenue, raising questions about the company's growth strategy and revenue diversification.
Despite a strong EPS report, the company’s revenue growth of 6.8% compared to the previous year may not meet investor expectations for a tech company.
Market volatility, as indicated by a beta of 1.70, suggests that the stock may experience significant price fluctuations, which could be risky for investors.

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 $645.77, with a high forecast of $900.00 and a low forecast of $400.00.
: 29 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last year. There are currently 5 hold ratings, 22 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 53.95% based on their 12-month stock forecasts.
: Over the previous 90 days, Spotify Technology's stock had 3 upgrades and 2 downgrades by analysts.
: Spotify Technology has been rated by research analysts at Arete Research, Barclays, Benchmark, Canaccord Genuity Group, Cantor Fitzgerald, Citizens Jmp, Daiwa Securities Group, Guggenheim, JPMorgan Chase & Co., KeyCorp, Morgan Stanley, Pivotal Research, Rosenblatt Securities, The Goldman Sachs Group, UBS Group, Weiss Ratings, and Wells Fargo & Company in the past 90 days.
: 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.

Stock Forecasts and Research Tools

Related Companies

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Spotify Technology Recommendations

This page (NYSE:SPOT) was last updated on 5/5/2026 by MarketBeat.com Staff.

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

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

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