Spotify Price Target & Analyst Ratings (NYSE:SPOT)

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.

23 Wall Street analysts have issued ratings and price targets for Spotify in the last 12 months. Their average twelve-month price target is $161.81, suggesting that the stock has a possible upside of 40.50%. The high price target for SPOT is $200.00 and the low price target for SPOT is $115.00. There are currently 2 sell ratings, 8 hold ratings, 12 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of "Buy."

Spotify (NYSE:SPOT) Consensus Price Target History

Spotify (NYSE:SPOT) Analyst Ratings History

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price	Details
10/1/2019	Credit Suisse Group	Upgrade	Underperform ➝ Neutral	$120.00	Low
9/29/2019	Rosenblatt Securities	Set Price Target	Buy	$184.00	Low
9/24/2019	Wells Fargo & Co	Initiated Coverage	Underperform	$115.00	Medium
8/22/2019	Stifel Nicolaus	Reiterated Rating	Buy	$175.00	High
8/20/2019	Consumer Edge	Initiated Coverage	Equal Weight		Medium
8/5/2019	SunTrust Banks	Boost Price Target	Buy	$172.00	Medium
8/1/2019	Morgan Stanley	Boost Price Target	Overweight	$170.00 ➝ $180.00	Low
8/1/2019	Loop Capital	Upgrade	Sell ➝ Hold		Low
7/31/2019	Pivotal Research	Lower Price Target	Buy ➝ Hold	$155.00 ➝ $150.00	Medium
7/31/2019	UBS Group	Downgrade	Buy ➝ Hold	$155.00 ➝ $150.00	Medium
7/31/2019	Royal Bank of Canada	Reiterated Rating	Buy	$185.00	Medium
7/25/2019	Raymond James	Boost Price Target	Strong-Buy	$172.00 ➝ $180.00	Low
6/24/2019	Evercore ISI	Downgrade	In-Line ➝ Underperform		High
4/30/2019	Nomura	Boost Price Target	Buy ➝ Buy	$188.00 ➝ $190.00	Low
4/30/2019	Goldman Sachs Group	Reiterated Rating	Buy	$170.00	Low
4/22/2019	Buckingham Research	Lower Price Target	Buy ➝ Buy	$174.00 ➝ $165.00	Low
1/7/2019	Deutsche Bank	Lower Price Target	Hold ➝ Hold	$152.00 ➝ $135.00	Medium
1/7/2019	Guggenheim	Downgrade	Buy ➝ Neutral	$190.00 ➝ $120.00	High
12/21/2018	B. Riley	Reiterated Rating	Neutral ➝ Neutral	$200.00 ➝ $132.00	Low
11/2/2018	JPMorgan Chase & Co.	Lower Price Target	Overweight ➝ Overweight	$225.00 ➝ $200.00	Low
11/2/2018	Canaccord Genuity	Lower Price Target	Buy	$220.00 ➝ $200.00	Low
11/2/2018	Barclays	Lower Price Target	Overweight ➝ Overweight	$210.00 ➝ $200.00	Low
10/15/2018	Redburn Partners	Upgrade	Buy		Low
9/19/2018	Cfra	Reiterated Rating	Buy	$245.00	Low
8/27/2018	Monness Crespi & Hardt	Initiated Coverage	Buy ➝ Buy	$265.00	Low
8/22/2018	MKM Partners	Boost Price Target	Buy	$200.00 ➝ $245.00	Low
7/30/2018	Bank of America	Boost Price Target	Buy	$230.00	High
7/23/2018	BTIG Research	Initiated Coverage	Buy	$230.00	High
7/10/2018	Oppenheimer	Initiated Coverage	Market Perform		High
6/27/2018	Nordea Equity Research	Initiated Coverage	Buy		Medium
6/21/2018	Macquarie	Initiated Coverage	Outperform	$225.00	Low
5/14/2018	Cascend Securities	Initiated Coverage	Buy	$185.00	Medium
4/3/2018	Gabelli	Initiated Coverage	Hold ➝ Hold	$130.00	Low
3/28/2018	Atlantic Securities	Initiated Coverage	Overweight		N/A

(Data available from 10/14/2017 forward)