NYSE:SPOT

Spotify Technology Price Target, Predictions & Analyst Ratings

$229.64

-8.86 (-3.71%)

(As of 12/1/2021 02:02 PM ET)

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Today's Range: $227.97
▼
$241.50
50-Day Range: $220.32
▼
$300.95
52-Week Range: $201.68
▼
$387.44

Volume: 36,394 shs
Average Volume: 1.49 million shs
Market Capitalization: $41.16 billion

P/E Ratio: N/A
Dividend Yield: N/A
Beta: 1.58

Spotify Technology (NYSE:SPOT) Price Target and Consensus Rating

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 (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = 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.

Analyst Rating Consensus

Hold
Based on 25 Analyst Ratings

Analyst Price Target Consensus

$309.13
34.62% Upside

High PT	$425.00
Average PT	$309.13
Low PT	$170.00

Type	Current 12/1/20 to 12/1/21	1 Month Ago 11/1/20 to 11/1/21	3 Months Ago 9/2/20 to 9/2/21	1 Year Ago 12/2/19 to 12/1/20
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	14 Buy rating(s)	14 Buy rating(s)	13 Buy rating(s)	14 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	9 Hold rating(s)	10 Hold rating(s)
Sell	3 Sell rating(s)	4 Sell rating(s)	3 Sell rating(s)	5 Sell rating(s)
Consensus Price Target	$309.13	$303.83	$303.67	$241.19
Price Target Upside	34.62% Upside	13.44% Upside	13.72% Upside	6.29% Upside

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Analyst Ratings 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.

Average Share Price and Price Target 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 (NYSE:SPOT) vs. Its Competitors

Type	Spotify Technology	Business Services Companies	S&P 500
Consensus Rating Score	2.44	2.65	2.56
Consensus Rating	Hold	Buy	Buy
Price Target Upside	34.62% Upside	76.39% Upside	13.78% Upside
News Sentiment Rating	Neutral News	Neutral News	Neutral News
MarketBeat Community Rating	Outperform Votes 282 69.29% Underperform Votes 125 30.71%	Avg. Outperform Votes 176 63.54% Avg. Underperform Votes 101 36.46%	Avg. Outperform Votes 834 69.44% Avg. Underperform Votes 367 30.56%

Spotify Technology (NYSE:SPOT) Analyst Ratings History

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/24/2021	Benchmark		Initiated Coverage	Buy	$300.00	+23.44%
11/1/2021	Sanford C. Bernstein		Upgrade	Underperform ➝ Market Perform	$300.00	+3.66%
10/28/2021	Morgan Stanley		Boost Price Target	Overweight	$325.00 ➝ $350.00	+20.69%
10/28/2021	Barclays		Boost Price Target	Overweight	$300.00 ➝ $310.00	+13.50%
10/28/2021	KeyCorp	Justin Patterson	Boost Price Target	Overweight	$340.00 ➝ $365.00	+33.64%
10/28/2021	Pivotal Research		Boost Price Target	Buy	$300.00 ➝ $385.00	+40.96%
9/24/2021	DZ Bank		Initiated Coverage	Sell	$200.00	-14.84%
9/13/2021	The Goldman Sachs Group		Initiated Coverage	Neutral	$260.00	+4.94%
7/30/2021	Truist Securities		Lower Price Target	Buy	$290.00 ➝ $270.00	+18.00%
7/29/2021	UBS Group		Upgrade	Sell ➝ Neutral	$235.00 ➝ $240.00	+7.47%

7/29/2021	Credit Suisse Group		Lower Price Target	Neutral	$315.00 ➝ $270.00	+20.90%
7/29/2021	Guggenheim		Upgrade	Neutral ➝ Buy	$245.00 ➝ $265.00	+18.66%
7/26/2021	Redburn Partners	Nick Delfas	Reiterated Rating	Neutral ➝ Sell	$170.00	-30.22%
6/8/2021	Citigroup		Lower Price Target	Neutral	$310.00 ➝ $275.00	+13.33%
4/28/2021	Jefferies Financial Group		Initiated Coverage	Buy	$360.00	+22.90%
4/6/2021	Evercore ISI		Reiterated Rating	Outperform	$360.00	+25.33%
3/31/2021	Wolfe Research		Initiated Coverage	Peer Perform	$260.00	-2.97%
2/23/2021	Canaccord Genuity		Boost Price Target	Buy	$375.00 ➝ $400.00	+27.75%
2/23/2021	Rosenblatt Securities		Boost Price Target	Buy	$390.00 ➝ $425.00	+35.74%
2/23/2021	JPMorgan Chase & Co.		Boost Price Target	Overweight	$350.00 ➝ $385.00	+10.03%
2/23/2021	Atlantic Securities		Downgrade	Overweight ➝ Neutral
2/4/2021	Loop Capital		Boost Price Target	Hold	$200.00 ➝ $310.00	-2.29%
1/27/2021	Nordea Equity Research		Downgrade	Buy ➝ Hold
1/15/2021	Smith Barney Citigroup		Downgrade	Neutral ➝ Sell
12/30/2020	Monness Crespi & Hardt		Boost Price Target	Buy	$310.00 ➝ $380.00	+19.34%
11/4/2020	Cfra		Upgrade	Hold ➝ Buy	$282.00	+19.22%
11/2/2020	Wells Fargo & Company		Lower Price Target	Underweight	$215.00 ➝ $200.00	-16.63%
10/27/2020	Deutsche Bank Aktiengesellschaft		Boost Price Target	Hold	$240.00 ➝ $250.00	-12.27%
9/9/2020	Raymond James		Initiated Coverage	Market Perform
7/29/2020	Oppenheimer		Reiterated Rating	Hold
7/27/2020	Stifel Nicolaus	John Egbert	Boost Price Target		$185.00 ➝ $305.00	+12.36%
7/15/2020	SunTrust Banks		Boost Price Target	Positive ➝ Buy	$167.00 ➝ $290.00	+10.35%
7/14/2020	Bank of America		Boost Price Target		$185.00 ➝ $357.00	+40.09%
7/10/2020	Royal Bank of Canada	Mark Mahaney	Reiterated Rating	Buy	$320.00	+16.45%
4/30/2020	Nomura	Mark Kelley	Reiterated Rating	Buy	$180.00	+18.76%
4/30/2020	CSFB		Boost Price Target	Neutral	$125.00 ➝ $130.00	-14.34%
1/9/2020	Bernstein Bank		Initiated Coverage	Underperform	$127.00	-19.58%
1/6/2020	Nomura Securities		Reiterated Rating	Buy	$180.00	+15.75%
8/20/2019	Consumer Edge		Initiated Coverage	Equal Weight
4/22/2019	Buckingham Research		Lower Price Target	Buy ➝ Buy	$174.00 ➝ $165.00	+21.79%
12/21/2018	B. Riley		Reiterated Rating	Neutral ➝ Neutral	$200.00 ➝ $132.00	+23.79%

(Data available from 12/1/2016 forward. View 10+ years of historical ratings with our analyst ratings screener.)

Spotify Technology (NYSE:SPOT) Analyst Ratings Frequently Asked Questions

What is Spotify Technology's consensus rating and price target?: According to the issued ratings of 25 analysts in the last year, the consensus rating for Spotify Technology stock is Hold based on the current 3 sell ratings, 8 hold ratings and 14 buy ratings for SPOT. The average twelve-month price target for Spotify Technology is $309.13 with a high price target of $425.00 and a low price target of $170.00. Learn more on SPOT's analyst rating history
Do Wall Street analysts like Spotify Technology more than its competitors?: Analysts like Spotify Technology stock less than the stock of other Business Services companies. The consensus rating for Spotify Technology is Hold while the average consensus rating for business services companies is Buy. Learn more on how SPOT compares to other companies
Do MarketBeat users like Spotify Technology more than its competitors?: MarketBeat users like Spotify Technology stock more than the stock of other Business Services companies. 69.29% of MarketBeat users gave Spotify Technology an outperform vote while business services companies recieve an average of 63.54% outperform votes by MarketBeat users.

Is Spotify Technology being upgraded by Wall Street analysts?: Over the previous 90 days, Spotify Technology's stock had 1 upgrade by analysts.
Does Spotify Technology's stock price have much upside?: According to analysts, Spotify Technology's stock has a predicted upside of 14.77% based on their 12-month price targets.
What analysts cover Spotify Technology?: Spotify Technology has been rated by Barclays, Benchmark, DZ Bank, KeyCorp, Morgan Stanley, Pivotal Research, Sanford C. Bernstein, and The Goldman Sachs Group in the past 90 days.

This page was last updated on 12/1/2021 by MarketBeat.com Staff

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Spotify Technology Price Target, Predictions & Analyst Ratings

Spotify Technology (NYSE:SPOT) Price Target and Consensus Rating