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Spotify Technology (SPOT) Stock Forecast & Price Target

Spotify Technology logo
$642.77 +40.51 (+6.73%)
Closing price 05/2/2025 03:59 PM Eastern
Extended Trading
$644.00 +1.23 (+0.19%)
As of 05/2/2025 07:59 PM Eastern
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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

Sell
0
Hold
8
Buy
21

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, 8 have given a hold rating, and 21 have given a buy rating for SPOT.

Consensus Price Target

$604.76
-5.91% Downside
According to the 29 analysts' twelve-month price targets for Spotify Technology, the average price target is $604.76. The highest price target for SPOT is $740.00, while the lowest price target for SPOT is $375.00. The average price target represents a forecasted downside of -5.91% from the current price of $642.77.
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SPOT Analyst Ratings Over Time

TypeCurrent Forecast
5/4/24 to 5/4/25
1 Month Ago
4/4/24 to 4/4/25
3 Months Ago
2/4/24 to 2/3/25
1 Year Ago
5/5/23 to 5/4/24
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
21 Buy rating(s)
21 Buy rating(s)
21 Buy rating(s)
19 Buy rating(s)
Hold
8 Hold rating(s)
9 Hold rating(s)
6 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$604.76$557.47$451.39$301.81
Forecasted Upside-5.91% Downside10.85% Upside-17.85% Downside1.94% 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.
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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.
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Spotify Technology Stock vs. The Competition

TypeSpotify TechnologyBusiness Services CompaniesS&P 500
Consensus Rating Score
2.72
2.72
2.54
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside-5.91% Downside451.03% Upside17.54% Upside
News Sentiment Rating
Positive News

See Recent SPOT News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/2/2025Loop Capital
2 of 5 stars
Alan Gould
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Boost TargetHold ➝ Hold$435.00 ➝ $550.00-14.43%
5/1/2025Robert W. Baird
2 of 5 stars
Vikram Kesavabhotla
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Boost TargetOutperform ➝ Outperform$700.00 ➝ $730.00+18.74%
4/30/2025Barclays
3 of 5 stars
Kannan Venkateshwar
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Lower TargetOverweight ➝ Overweight$710.00 ➝ $650.00+5.72%
4/30/2025JPMorgan Chase & Co.
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Doug Anmuth
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Boost TargetOverweight ➝ Overweight$640.00 ➝ $670.00+11.33%
4/30/2025Evercore ISI
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Mark Mahaney
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Lower TargetOutperform ➝ Outperform$700.00 ➝ $650.00+12.68%
4/30/2025Rosenblatt Securities
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B. Crockett
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Lower TargetNeutral ➝ Neutral$658.00 ➝ $657.00+13.89%
4/25/2025Macquarie
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Tim Nollen
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Boost TargetOutperform ➝ Outperform$600.00 ➝ $665.00+9.87%
4/21/2025Wolfe Research
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D. Brisco
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UpgradePeer Perform ➝ Outperform$660.00+14.81%
4/16/2025Cantor Fitzgerald
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Deepak Mathivanan
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Lower TargetNeutral ➝ Neutral$600.00 ➝ $520.00-7.14%
4/15/2025UBS Group
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Batya Levi
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Lower TargetBuy ➝ Buy$690.00 ➝ $680.00+18.31%
4/9/2025KeyCorp
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Justin Patterson
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Lower TargetOverweight ➝ Overweight$675.00 ➝ $625.00+19.12%
3/28/2025Wells Fargo & Company
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Steven Cahall
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Boost TargetOverweight ➝ Overweight$690.00 ➝ $740.00+29.62%
3/28/2025FBN Securities
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M. Thornton
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Initiated CoverageSector Perform$645.00+11.16%
3/26/2025China Renaissance
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Yiwen Zhang
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Initiated CoverageBuy$740.00+20.16%
3/11/2025Redburn Atlantic
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H. Faber
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Initiated CoverageStrong Sell ➝ Neutral$230.00 ➝ $545.00+8.04%
2/24/2025Guggenheim
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Michael Morris
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Reiterated RatingBuy ➝ Buy$675.00 ➝ $675.00+12.67%
2/14/2025Citigroup
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Jason Bazinet
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Boost TargetNeutral ➝ Neutral$540.00 ➝ $720.00+14.17%
2/6/2025The Goldman Sachs Group
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Eric Sheridan
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Boost TargetBuy ➝ Buy$550.00 ➝ $695.00+11.26%
2/5/2025Benchmark
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Mark Zgutowicz
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Boost TargetBuy ➝ Buy$600.00 ➝ $720.00+15.56%
2/5/2025Morgan Stanley
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Manan Gosalia
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Boost TargetOverweight ➝ Overweight$550.00 ➝ $670.00+7.60%
2/5/2025Canaccord Genuity Group
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Maria Ripps
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Boost TargetBuy ➝ Buy$650.00 ➝ $700.00+12.42%
11/13/2024Bank of America
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 Boost TargetBuy ➝ Buy$430.00 ➝ $515.00+10.56%
11/13/2024TD Cowen
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 Boost TargetHold ➝ Hold$356.00 ➝ $416.00-10.70%
11/13/2024Piper Sandler
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 Boost TargetNeutral ➝ Neutral$330.00 ➝ $450.00-4.44%
11/13/2024Pivotal Research
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 Boost TargetBuy$510.00 ➝ $565.00+34.74%
11/13/2024Phillip Securities
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 Reiterated RatingBuy ➝ Accumulate$420.00 ➝ $485.00+15.66%
11/6/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetBuy ➝ Buy$430.00 ➝ $440.00+15.32%
7/24/2024DZ Bank
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 UpgradeHold ➝ Buy$375.00+13.41%
7/11/2024Jefferies Financial Group
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 Reiterated RatingHold ➝ Buy$242.00 ➝ $385.00+26.23%
4/24/2024HSBC
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 Boost TargetBuy ➝ Buy$310.00 ➝ $355.00+24.84%
4/15/2024Raymond James
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 Boost TargetOutperform ➝ Outperform$260.00 ➝ $320.00+9.66%
10/25/2023Truist Financial
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 Boost TargetBuy ➝ Buy$176.00 ➝ $190.00+17.79%
9/28/2023Monness Crespi & Hardt
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 DowngradeBuy ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 02:28 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 Tuesday, April 29, 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.:

  • The stock has shown strong growth potential, with recent price targets from analysts indicating a bullish outlook, suggesting a price increase to around $670.
  • Spotify Technology S.A. has a solid market capitalization, indicating a strong position in the audio streaming industry, which can attract more investors.
  • The company has a diverse growth strategy, which has been positively received by analysts, enhancing its long-term viability.
  • With a recent earnings report showing a net margin of over 7%, the company demonstrates profitability, which is attractive for investors looking for stable returns.
  • The current stock price is around $597, which may present a buying opportunity for investors looking to enter at a lower price point compared to its 52-week high.

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 recently missed earnings expectations by a significant margin, which could indicate underlying issues that may affect future performance.
  • Despite a strong market cap, the high price-to-earnings ratio suggests that the stock may be overvalued, which could lead to a price correction.
  • Recent stock performance has shown volatility, with a notable drop of about 10% following the earnings report, raising concerns about investor confidence.
  • Analysts have mixed ratings, with several maintaining a "neutral" stance, indicating uncertainty about the stock's future performance.
  • The competitive landscape in the audio streaming market is intensifying, which could pressure Spotify Technology S.A.'s market share and profitability.

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 $604.76, with a high forecast of $740.00 and a low forecast of $375.00.

29 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last twelve months. There are currently 8 hold ratings and 21 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 -5.91% based on their 12-month stock forecasts.

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

Analysts like Spotify Technology more than other "business services" companies. The consensus rating score for Spotify Technology is 2.72 while the average consensus rating score for "business services" companies is 2.72. Learn more on how SPOT compares to other companies.


This page (NYSE:SPOT) was last updated on 5/4/2025 by MarketBeat.com Staff
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