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NYSE:SPOT

Spotify Technology - SPOT Price Target & Analyst Ratings

$79.04
+1.24 (+1.59%)
(As of 12/9/2022 02:51 PM ET)
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Compare
Today's Range
$77.09
$79.99
50-Day Range
$71.05
$97.05
52-Week Range
$69.29
$247.20
Volume
70,926 shs
Average Volume
1.28 million shs
Market Capitalization
$15.19 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$151.72

Spotify Technology Consensus Rating and Price Target (2023)

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 Analyst Rating

Moderate Buy
Based on 24 Analyst Ratings

Consensus Analyst Price Target

$151.72
91.95% Upside
High Prediction$275.00
Average Prediction$151.72
Low Prediction$87.00
TypeCurrent
12/9/21 to 12/9/22
1 Month Ago
11/9/21 to 11/9/22
3 Months Ago
9/10/21 to 9/10/22
1 Year Ago
12/9/20 to 12/9/21
Consensus Rating
Moderate Buy
Moderate Buy
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
12 Buy rating(s)
13 Buy rating(s)
13 Buy rating(s)
12 Buy rating(s)
Hold
12 Hold rating(s)
12 Hold rating(s)
12 Hold rating(s)
8 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
3 Sell rating(s)
Consensus Price Target$151.72$151.72$183.42$306.67
Predicted Upside91.95% Upside31.39% Upside27.88% Upside13.84% Upside
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SPOT 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.
Skip Chart & View Analyst Rating History

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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Spotify Technology Stock vs. The Competition

TypeSpotify TechnologyBusiness Services CompaniesS&P 500
Consensus Rating Score
2.50
2.57
2.48
Consensus RatingModerate BuyBuyHold
Predicted Upside91.42% Upside379.11% Upside14.99% Upside
News Sentiment RatingNeutral News
Neutral News
Neutral News
MarketBeat
Community Rating
Outperform Votes
298
62.08%
Underperform Votes
182
37.92%
Avg. Outperform Votes
174
64.21%
Avg. Underperform Votes
97
35.79%
Avg. Outperform Votes
853
68.13%
Avg. Underperform Votes
399
31.87%

Historical Target Prices and Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/1/2022Rosenblatt Securities
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 Lower TargetNeutral$112.00 ➝ $87.00+4.39%
10/27/2022Truist Financial
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 Lower TargetBuy$125.00 ➝ $115.00+41.99%
10/27/2022Citigroup
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 Lower TargetBuy$145.00 ➝ $140.00+65.84%
10/26/2022Evercore ISI
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 Lower Target$230.00 ➝ $175.00+100.99%
10/26/2022The Goldman Sachs Group
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 Lower TargetNeutral$133.00 ➝ $114.00+27.80%
10/26/2022Wells Fargo & Company
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 Lower TargetEqual Weight$132.00 ➝ $121.00+24.68%
10/26/2022Benchmark
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 Lower Target$155.00 ➝ $125.00+28.80%
10/26/2022Morgan Stanley
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 Lower TargetOverweight$120.00 ➝ $115.00+18.50%
10/26/2022Raymond James
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Andrew Marok
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Lower TargetOutperform$150.00 ➝ $110.00+13.34%
10/26/2022Barclays
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 Lower TargetOverweight$164.00 ➝ $135.00+39.10%
10/26/2022Pivotal Research
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 Lower Target$105.00 ➝ $100.00+3.04%
10/24/2022Canaccord Genuity Group
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 Lower Target$175.00 ➝ $150.00+69.11%
10/24/2022Deutsche Bank Aktiengesellschaft
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 Lower TargetHold$115.00 ➝ $105.00+19.41%
10/21/2022JPMorgan Chase & Co.
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 Lower TargetOverweight$155.00 ➝ $130.00+48.17%
10/21/2022KeyCorp
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Justin Patterson
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Lower TargetOverweight$148.00 ➝ $135.00+53.86%
10/20/2022Piper Sandler
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 Initiated CoverageNeutral$87.00-1.97%
7/28/2022UBS Group
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 Lower TargetNeutral$185.00 ➝ $142.00+26.50%
6/9/2022Bank of America
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 Boost TargetBuy$137.00 ➝ $164.00+41.34%
4/28/2022Loop Capital
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 Lower Target$280.00 ➝ $110.00+13.79%
4/27/2022Guggenheim
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 DowngradeBuy ➝ Neutral
4/25/2022Redburn Partners
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 UpgradeSell ➝ Neutral
2/3/2022Atlantic Securities
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 Lower TargetNeutral$370.00 ➝ $210.00+27.09%
2/3/2022Wolfe Research
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 Lower TargetMarket Perform ➝ Peer Perform$260.00 ➝ $220.00+33.14%
2/3/2022Credit Suisse Group
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 Lower TargetNeutral$270.00 ➝ $238.00+44.03%
2/3/2022Jefferies Financial Group
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 Lower TargetBuy$358.00 ➝ $275.00+66.42%
1/26/2022Monness Crespi & Hardt
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 Lower TargetBuy$380.00 ➝ $240.00+30.41%
11/1/2021Sanford C. Bernstein
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 UpgradeUnderperform ➝ Market Perform$300.00+3.66%
9/24/2021DZ Bank
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 Initiated CoverageSell$200.00-14.84%
1/27/2021Nordea Equity Research
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 DowngradeBuy ➝ Hold
1/15/2021Smith Barney Citigroup
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 DowngradeNeutral ➝ Sell
11/4/2020Cfra
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 UpgradeHold ➝ Buy$282.00+19.22%
7/29/2020Oppenheimer
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 Reiterated RatingHold
7/27/2020Stifel Nicolaus
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John Egbert
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Boost Target$185.00 ➝ $305.00+12.36%
7/15/2020SunTrust Banks
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 Boost TargetPositive ➝ Buy$167.00 ➝ $290.00+10.35%
7/10/2020Royal Bank of Canada
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Mark Mahaney
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Reiterated RatingBuy$320.00+16.45%
4/30/2020Nomura
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Mark Kelley
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Reiterated RatingBuy$180.00+18.76%
4/30/2020CSFB
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 Boost TargetNeutral$125.00 ➝ $130.00-14.34%
1/9/2020Bernstein Bank
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 Initiated CoverageUnderperform$127.00-19.58%
1/6/2020Nomura Securities
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 Reiterated RatingBuy$180.00+15.75%
(Data available from 12/9/2017 forward. View 10+ years of historical ratings with our analyst ratings screener.)












SPOT Price Target - Frequently Asked Questions

What is Spotify Technology's consensus rating and price target?

According to the issued ratings of 24 analysts in the last year, the consensus rating for Spotify Technology stock is Moderate Buy based on the current 12 hold ratings and 12 buy ratings for SPOT. The average twelve-month price prediction for Spotify Technology is $151.72 with a high price target of $275.00 and a low price target of $87.00. Learn more on SPOT's analyst rating history.

Do Wall Street analysts like Spotify Technology more than its competitors?

Analysts like Spotify Technology less than other Business Services companies. The consensus rating for Spotify Technology is Moderate Buy 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 less than other Business Services companies. 62.08% of MarketBeat users gave Spotify Technology an outperform vote while business services companies recieve an average of 64.21% outperform votes by MarketBeat users.

Does Spotify Technology's stock price have much upside?

According to analysts, Spotify Technology's stock has a predicted upside of 34.55% based on their 12-month price targets.


Stock Ratings Reports and Tools

This page (NYSE:SPOT) was last updated on 12/9/2022 by MarketBeat.com Staff