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Spotify Technology (SPOT) Stock Forecast & Price Target

Spotify Technology logo
$708.82 -1.13 (-0.16%)
Closing price 07/11/2025 03:59 PM Eastern
Extended Trading
$708.50 -0.32 (-0.05%)
As of 07/11/2025 07:59 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

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
1
Hold
8
Buy
19

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, 1 has given a sell rating, 8 have given a hold rating, and 19 have given a buy rating for SPOT.

Consensus Price Target

$701.31
-1.06% Downside
According to the 28 analysts' twelve-month price targets for Spotify Technology, the average price target is $701.31. The highest price target for SPOT is $900.00, while the lowest price target for SPOT is $375.00. The average price target represents a forecasted downside of -1.06% from the current price of $708.82.
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SPOT Analyst Ratings Over Time

TypeCurrent Forecast
7/13/24 to 7/13/25
1 Month Ago
6/13/24 to 6/13/25
3 Months Ago
4/14/24 to 4/14/25
1 Year Ago
7/14/23 to 7/13/24
Strong Buy
0 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
19 Buy rating(s)
19 Buy rating(s)
21 Buy rating(s)
20 Buy rating(s)
Hold
8 Hold rating(s)
8 Hold rating(s)
9 Hold rating(s)
7 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$701.31$611.14$555.30$323.22
Forecasted Upside-1.06% Downside-13.99% Downside1.52% Upside6.93% 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 TechnologyComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.64
2.66
2.54
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside-1.06% Downside82.07% Upside10.52% Upside
News Sentiment Rating
Positive News

See Recent SPOT News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/11/2025JPMorgan Chase & Co.
2 of 5 stars
Doug Anmuth
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Boost TargetOverweight ➝ Overweight$730.00 ➝ $780.00+10.20%
7/11/2025KeyCorp
3 of 5 stars
Justin Patterson
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Boost TargetOverweight ➝ Overweight$640.00 ➝ $860.00+21.24%
7/10/2025Morgan Stanley
3 of 5 stars
Manan Gosalia
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Boost TargetOverweight ➝ Overweight$700.00 ➝ $850.00+18.78%
7/10/2025Benchmark
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Mark Zgutowicz
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Boost TargetBuy ➝ Buy$700.00 ➝ $840.00+16.46%
7/9/2025Barclays
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Kannan Venkateshwar
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Boost TargetOverweight ➝ Overweight$650.00 ➝ $800.00+10.22%
7/8/2025Sanford C. Bernstein
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I. Moore
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Boost TargetOutperform ➝ Outperform$825.00 ➝ $840.00+16.51%
7/2/2025The Goldman Sachs Group
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Eric Sheridan
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Boost TargetBuy ➝ Buy$680.00 ➝ $775.00+7.97%
7/2/2025Canaccord Genuity Group
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Maria Ripps
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Boost TargetBuy ➝ Buy$775.00 ➝ $850.00+18.27%
6/27/2025UBS Group
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Batya Levi
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Boost TargetBuy ➝ Buy$680.00 ➝ $895.00+16.44%
6/26/2025Bank of America
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Jessica Reif Ehrlich
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Boost TargetBuy ➝ Buy$700.00 ➝ $900.00+17.01%
6/25/2025Guggenheim
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Michael Morris
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Boost TargetBuy ➝ Buy$725.00 ➝ $840.00+10.92%
6/18/2025Cantor Fitzgerald
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Deepak Mathivanan
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Boost TargetNeutral ➝ Neutral$610.00 ➝ $640.00-9.77%
6/17/2025Pivotal Research
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Jeffrey Wlodarczak
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Boost TargetBuy ➝ Buy$800.00 ➝ $900.00+25.76%
6/16/2025Evercore ISI
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Mark Mahaney
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Boost TargetOutperform ➝ Outperform$650.00 ➝ $750.00+4.05%
6/13/2025DZ Bank
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M. Leistner
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DowngradeStrong-Buy ➝ Strong Sell
5/5/2025Phillip Securities
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H. Wang
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UpgradeModerate Sell
5/2/2025Loop Capital
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Alan Gould
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Boost TargetHold ➝ Hold$435.00 ➝ $550.00-14.43%
5/1/2025Robert W. Baird
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Vikram Kesavabhotla
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Boost TargetOutperform ➝ Outperform$700.00 ➝ $730.00+18.74%
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%
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%
2/14/2025Citigroup
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Jason Bazinet
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Boost TargetNeutral ➝ Neutral$540.00 ➝ $720.00+14.17%
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%
11/6/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetBuy ➝ Buy$430.00 ➝ $440.00+15.32%
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 Financial
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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 08:20 AM 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 Thursday, July 10, 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 company has shown strong revenue growth, with quarterly revenue increasing significantly compared to the same period last year, indicating a robust business model and market demand.
  • Spotify Technology S.A. has a solid return on equity, suggesting effective management and profitability, which can be attractive to investors looking for companies that generate good returns on their investments.
  • The current stock price is around $730, reflecting positive market sentiment and potential for further appreciation as analysts have set high price targets for the stock.
  • Analysts have predominantly rated the stock as a "Moderate Buy," with a consensus price target indicating potential upside, which can provide confidence to investors considering entry points.
  • Recent upgrades from multiple analysts suggest growing confidence in the company's future performance, which can be a positive signal for potential investors.

Spotify Technology
Bear Case

red Wall Street bear icon

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

  • Despite the positive revenue growth, the company has faced downgrades from some analysts, indicating mixed sentiments in the market that could lead to volatility.
  • One analyst has rated the stock with a "sell" rating, which may suggest concerns about the company's future performance or market conditions that could impact profitability.
  • The competitive landscape in the audio streaming industry is intense, with numerous players vying for market share, which could pressure margins and growth rates.
  • While the company has a good net margin, any fluctuations in operating costs or revenue could impact profitability, making it a riskier investment in uncertain economic conditions.
  • Market analysts have varying price targets, which can create uncertainty about the stock's future performance and may lead to investor hesitation.

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 $701.31, with a high forecast of $900.00 and a low forecast of $375.00.

28 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last year. There is currently 1 sell rating, 8 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SPOT shares.

According to analysts, Spotify Technology's stock has a predicted downside of -1.06% based on their 12-month stock forecasts.

Over the previous 90 days, Spotify Technology's stock had 3 upgrades and 1 downgrade by analysts.

Analysts like Spotify Technology less than other "computer and technology" companies. The consensus rating score for Spotify Technology is 2.64 while the average consensus rating score for "computer and technology" companies is 2.66. Learn more on how SPOT compares to other companies.


This page (NYSE:SPOT) was last updated on 7/13/2025 by MarketBeat.com Staff
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