Spotify Technology (SPOT) Stock Forecast & Price Target

$655.34 +18.59 (+2.92%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$655.82 +0.48 (+0.07%)

As of 05/23/2025 07:59 PM Eastern

Spotify Technology - Analysts' Recommendations and Stock Price Forecast (2025)

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

Moderate Buy

Based on 28 Analyst Ratings

Sell
0

Hold
8

Buy
20

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, 8 have given a hold rating, and 20 have given a buy rating for SPOT.

Consensus Price Target

$609.07
-7.06% Downside

According to the 28 analysts' twelve-month price targets for Spotify Technology, the average price target is $609.07. The highest price target for SPOT is $775.00, while the lowest price target for SPOT is $375.00. The average price target represents a forecasted downside of -7.06% from the current price of $655.34.

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.

SPOT Analyst Ratings Over Time

Type	Current Forecast 5/24/24 to 5/24/25	1 Month Ago 4/24/24 to 4/24/25	3 Months Ago 2/24/24 to 2/23/25	1 Year Ago 5/25/23 to 5/24/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	20 Buy rating(s)	21 Buy rating(s)	20 Buy rating(s)	19 Buy rating(s)
Hold	8 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)	8 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$609.07	$585.32	$529.43	$306.42
Forecasted Upside	-7.06% Downside	-3.30% Downside	-12.78% Downside	-0.64% 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	Business Services Companies	S&P 500
Consensus Rating Score	2.71	2.71	2.54
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-7.06% Downside	2,170.31% Upside	16.40% Upside
News Sentiment Rating	Positive 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 to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
5/20/2025	Canaccord Genuity Group 2 of 5 stars	Maria Ripps Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$700.00 ➝ $775.00	+16.62%
5/12/2025	Guggenheim 2 of 5 stars	Michael Morris Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$675.00 ➝ $725.00	+17.36%
5/5/2025	Phillip Securities 0 of 5 stars	H. Wang Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Moderate Sell
5/2/2025	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Alan Gould Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$435.00 ➝ $550.00	-14.43%
5/1/2025	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Vikram Kesavabhotla Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$700.00 ➝ $730.00	+18.74%
4/30/2025	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Kannan Venkateshwar Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$710.00 ➝ $650.00	+5.72%
4/30/2025	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Doug Anmuth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$640.00 ➝ $670.00	+11.33%
4/30/2025	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Mark Mahaney Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$700.00 ➝ $650.00	+12.68%
4/30/2025	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Crockett Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$658.00 ➝ $657.00	+13.89%
4/25/2025	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating	Tim Nollen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$600.00 ➝ $665.00	+9.87%
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.
4/21/2025	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Brisco Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Peer Perform ➝ Outperform	$660.00	+14.81%
4/16/2025	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	Deepak Mathivanan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$600.00 ➝ $520.00	-7.14%
4/15/2025	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Batya Levi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$690.00 ➝ $680.00	+18.31%
4/9/2025	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	Justin Patterson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$675.00 ➝ $625.00	+19.12%
3/28/2025	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Steven Cahall Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$690.00 ➝ $740.00	+29.62%
3/28/2025	FBN Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Thornton Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Sector Perform	$645.00	+11.16%
3/26/2025	China Renaissance Subscribe to MarketBeat All Access for the recommendation accuracy rating	Yiwen Zhang Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$740.00	+20.16%
3/11/2025	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating	H. Faber Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Strong Sell ➝ Neutral	$230.00 ➝ $545.00	+8.04%
2/14/2025	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jason Bazinet Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$540.00 ➝ $720.00	+14.17%
2/6/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Eric Sheridan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$550.00 ➝ $695.00	+11.26%
2/5/2025	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating	Mark Zgutowicz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$600.00 ➝ $720.00	+15.56%
2/5/2025	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Manan Gosalia Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$550.00 ➝ $670.00	+7.60%
11/13/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$430.00 ➝ $515.00	+10.56%
11/13/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$356.00 ➝ $416.00	-10.70%
11/13/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$330.00 ➝ $450.00	-4.44%
11/13/2024	Pivotal Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$510.00 ➝ $565.00	+34.74%
11/6/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$430.00 ➝ $440.00	+15.32%
7/24/2024	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$375.00	+13.41%
7/11/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold ➝ Buy	$242.00 ➝ $385.00	+26.23%
4/24/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$310.00 ➝ $355.00	+24.84%
4/15/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$260.00 ➝ $320.00	+9.66%
10/25/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$176.00 ➝ $190.00	+17.79%
9/28/2023	Monness Crespi & Hardt Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:20 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 Wednesday, May 21, 2025. 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 current stock price is around $658, reflecting a strong market presence and investor interest in the company.
Spotify Technology S.A. has shown significant revenue growth, with a year-over-year increase of 15.2%, indicating a robust business model and expanding user base.
The company has a consensus rating of "Moderate Buy" from analysts, suggesting positive sentiment and potential for future price appreciation.
With a market capitalization of approximately $134.80 billion, Spotify Technology S.A. is positioned as a major player in the audio streaming industry, which can attract institutional investors.
The firm reported a net margin of 7.26% and a return on equity of 25.56%, showcasing effective management and profitability, which are attractive traits for investors.

Spotify Technology
Bear Case

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

The company recently reported earnings per share (EPS) of $1.13, which missed the consensus estimate significantly, indicating potential challenges in meeting investor expectations.
Spotify Technology S.A. has a high price-to-earnings (P/E) ratio of 110.68, suggesting that the stock may be overvalued compared to its earnings, which could deter value-focused investors.
Despite revenue growth, the company’s earnings miss could raise concerns about its ability to sustain profitability in a competitive market.
The stock has experienced volatility, with a beta of 1.72, indicating that it is more volatile than the market, which may pose risks for conservative investors.
With a significant number of analysts issuing hold ratings, there may be uncertainty about the stock's short-term performance, which could lead to cautious investment strategies.

SPOT Forecast - Frequently Asked Questions

: According to the research reports of 28 Wall Street equities research analysts, the average twelve-month stock price forecast for Spotify Technology is $609.07, with a high forecast of $775.00 and a low forecast of $375.00.
: 28 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last year. There are currently 8 hold ratings and 20 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 downside of -7.06% based on their 12-month stock forecasts.
: Over the previous 90 days, Spotify Technology's stock had 2 upgrades by analysts.
: Spotify Technology has been rated by research analysts at Barclays, Canaccord Genuity Group, Cantor Fitzgerald, China Renaissance, Evercore ISI, FBN Securities, Guggenheim, JPMorgan Chase & Co., KeyCorp, Loop Capital, Macquarie, Phillip Securities, Redburn Atlantic, Robert W. Baird, Rosenblatt Securities, UBS Group, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like Spotify Technology more than other "business services" companies. The consensus rating score for Spotify Technology is 2.71 while the average consensus rating score for "business services" companies is 2.71. Learn more on how SPOT compares to other companies.

Stock Forecasts and Research Tools

Related Companies

Today's Ratings

Top-Rated Stocks

More Ratings Tools

This page (NYSE:SPOT) was last updated on 5/24/2025 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