Spotify Technology (SPOT) Stock Forecast & Price Target

$622.69 +73.61 (+13.41%)

Closing price 02/4/2025 03:59 PM Eastern

Extended Trading

$614.14 -8.55 (-1.37%)

As of 08:03 AM Eastern

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

Moderate Buy

Based on 28 Analyst Ratings

Sell
1

Hold
6

Buy
21

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

Consensus Price Target

$451.39
-27.51% Downside

According to the 28 analysts' twelve-month price targets for Spotify Technology, the average price target is $451.39. The highest price target for SPOT is $600.00, while the lowest price target for SPOT is $230.00. The average price target represents a forecasted downside of -27.51% from the current price of $622.69.

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SPOT Analyst Ratings Over Time

Type	Current Forecast 2/6/24 to 2/5/25	1 Month Ago 1/7/24 to 1/6/25	3 Months Ago 11/8/23 to 11/7/24	1 Year Ago 2/6/23 to 2/6/24
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)	22 Buy rating(s)	22 Buy rating(s)	17 Buy rating(s)
Hold	6 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$451.39	$429.96	$379.79	$208.29
Forecasted Upside	-27.51% Downside	-8.37% Downside	-4.98% Downside	-10.21% Downside
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.

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.

Spotify Technology Stock vs. The Competition

Type	Spotify Technology	Business Services Companies	S&P 500
Consensus Rating Score	2.71	2.70	2.53
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-27.51% Downside	4,769.30% Upside	13.01% Upside
News Sentiment Rating	Positive News See Recent SPOT News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
1/31/2025	KeyCorp 3 of 5 stars	Aleksey Yefremov Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$555.00 ➝ $600.00	+7.40%
1/30/2025	Macquarie 1 of 5 stars	Tim Nollen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$500.00 ➝ $600.00	+9.00%
1/28/2025	Cantor Fitzgerald 4 of 5 stars	D. Mathivanan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$490.00 ➝ $480.00	-8.55%
1/17/2025	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Devin Brisco Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Peer Perform
1/16/2025	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating	Mark Zgutowicz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$520.00 ➝ $520.00	+6.22%
1/15/2025	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Batya Levi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$485.00 ➝ $540.00	+10.25%
1/8/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Sheridan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$490.00 ➝ $550.00	+18.83%
12/2/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$525.00 ➝ $560.00	+16.93%
11/13/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$430.00 ➝ $515.00	+10.56%
11/13/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$356.00 ➝ $416.00	-10.70%
Get the Latest News and Ratings for SPOT and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Spotify Technology and its competitors with MarketBeat's FREE daily newsletter.
11/13/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$330.00 ➝ $450.00	-4.44%
11/13/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$470.00 ➝ $520.00	+10.43%
11/13/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$385.00 ➝ $475.00	+3.83%
11/13/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$425.00 ➝ $530.00	+14.80%
11/13/2024	Pivotal Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$510.00 ➝ $565.00	+34.74%
11/13/2024	Phillip Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Accumulate	$420.00 ➝ $485.00	+15.66%
11/13/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$430.00 ➝ $460.00	+9.70%
11/6/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$430.00 ➝ $440.00	+15.32%
10/17/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$399.00 ➝ $438.00	+17.85%
8/29/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Mahaney Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$420.00 ➝ $460.00	+36.27%
7/24/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$400.00 ➝ $420.00	+27.32%
7/24/2024	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$375.00	+13.41%
7/11/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold ➝ Buy	$242.00 ➝ $385.00	+26.23%
7/10/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Sell	$230.00	-26.18%
5/7/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$255.00 ➝ $310.00	+3.79%
4/24/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$310.00 ➝ $355.00	+24.84%
4/22/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$165.00 ➝ $250.00	-7.60%
4/15/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$260.00 ➝ $320.00	+9.66%
12/8/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$185.00 ➝ $225.00	+15.07%
10/25/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$176.00 ➝ $190.00	+17.79%
9/28/2023	Monness Crespi & Hardt Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
4/26/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
3/1/2023	Redburn Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$140.00	+20.01%
2/6/2023	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$160.00	+32.05%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 08:03 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, January 30, 2025. Please send any questions or comments about these Spotify Technology pros and cons to contact@marketbeat.com.

Spotify Technology
Bull Case

Here are some ways that investors could benefit from investing in Spotify Technology S.A.:

Spotify Technology S.A. has shown strong revenue growth, with a reported quarterly revenue increase of 18.8% year-over-year, indicating a robust demand for its audio streaming services.
The company has a significant market capitalization of $102.22 billion, which reflects its strong position in the market and potential for future growth.
Recent analyst ratings have been positive, with multiple firms raising their price targets, suggesting confidence in the company's future performance. For instance, Canaccord Genuity increased its target from $525.00 to $560.00.
As of the latest trading session, SPOT stock is priced at $513.54, which may present an attractive entry point for investors looking to capitalize on its growth potential.
Institutional investors own 84.09% of the company's stock, indicating strong confidence from large financial entities, which can be a positive signal for individual investors.

Spotify Technology
Bear Case

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

The company reported earnings per share of $1.45, which missed analysts' consensus estimates of $1.75, raising concerns about its profitability and ability to meet market expectations.
Spotify Technology S.A. had a revenue of $3.99 billion for the quarter, which was below the analyst estimates of $4.03 billion, indicating potential challenges in revenue generation.
Despite the positive growth in revenue, the net margin stands at only 4.66%, suggesting that the company may face challenges in converting revenue into profit.
The stock has a high price-to-earnings ratio of 139.55, which may indicate that the stock is overvalued compared to its earnings, potentially leading to a price correction.
One analyst has rated the stock with a sell rating, which could signal caution for potential investors regarding the stock's future performance.

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 $451.39, with a high forecast of $600.00 and a low forecast of $230.00.
: 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, 6 hold ratings and 21 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 -27.51% based on their 12-month stock forecasts.
: Spotify Technology has been rated by research analysts at Bank of America, Barclays, Benchmark, Canaccord Genuity Group, Cantor Fitzgerald, JPMorgan Chase & Co., KeyCorp, Macquarie, Morgan Stanley, Phillip Securities, Piper Sandler, Pivotal Research, TD Cowen, The Goldman Sachs Group, UBS Group, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like Spotify Technology more than other "business services" companies. The consensus rating score for Spotify Technology is 2.71 while the average consensus rating score for "business services" companies is 2.70. Learn more on how SPOT compares to other companies.

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This page (NYSE:SPOT) was last updated on 2/5/2025 by MarketBeat.com Staff

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Spotify Technology (SPOT) Stock Forecast & Price Target