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Spotify Technology (SPOT) Stock Forecast & Price Target

Spotify Technology logo
$551.71 +1.68 (+0.30%)
Closing price 04/1/2025 03:59 PM Eastern
Extended Trading
$548.63 -3.08 (-0.56%)
As of 04:33 AM Eastern
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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
0
Hold
9
Buy
21

Based on 30 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 30 analysts, 9 have given a hold rating, and 21 have given a buy rating for SPOT.

Consensus Price Target

$552.47
0.14% Upside
According to the 30 analysts' twelve-month price targets for Spotify Technology, the average price target is $552.47. The highest price target for SPOT is $740.00, while the lowest price target for SPOT is $250.00. The average price target represents a forecasted upside of 0.14% from the current price of $551.71.
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SPOT Analyst Ratings Over Time

TypeCurrent Forecast
4/2/24 to 4/2/25
1 Month Ago
3/3/24 to 3/3/25
3 Months Ago
1/3/24 to 1/2/25
1 Year Ago
4/3/23 to 4/2/24
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)
20 Buy rating(s)
22 Buy rating(s)
17 Buy rating(s)
Hold
9 Hold rating(s)
7 Hold rating(s)
5 Hold rating(s)
6 Hold rating(s)
Sell
0 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$552.47$529.43$429.96$235.36
Forecasted Upside0.14% Upside-11.62% Downside-6.08% Downside-12.74% Downside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
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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 TechnologyBusiness Services CompaniesS&P 500
Consensus Rating Score
2.70
2.72
2.54
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside0.14% Upside1,350.18% Upside19.03% Upside
News Sentiment Rating
Positive News

See Recent SPOT News
Positive News
Positive News
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DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
3/28/2025Wells Fargo & Company
3 of 5 stars
Steven Cahall
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Boost TargetOverweight ➝ Overweight$690.00 ➝ $740.00+29.62%
3/28/2025FBN Securities
2 of 5 stars
M. Thornton
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Initiated CoverageSector Perform$645.00+11.16%
3/26/2025China Renaissance
0 of 5 stars
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%
2/24/2025Guggenheim
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Michael Morris
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Reiterated RatingBuy ➝ Buy$675.00 ➝ $675.00+12.67%
2/14/2025Citigroup
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Jason Bazinet
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Boost TargetNeutral ➝ Neutral$540.00 ➝ $720.00+14.17%
2/6/2025The Goldman Sachs Group
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Eric Sheridan
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Boost TargetBuy ➝ Buy$550.00 ➝ $695.00+11.26%
2/5/2025Benchmark
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Mark Zgutowicz
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Boost TargetBuy ➝ Buy$600.00 ➝ $720.00+15.56%
2/5/2025JPMorgan Chase & Co.
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Doug Anmuth
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Boost TargetOverweight ➝ Overweight$555.00 ➝ $730.00+17.77%
2/5/2025Barclays
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Kannan Venkateshwar
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Boost TargetOverweight ➝ Overweight$475.00 ➝ $710.00+14.02%
2/5/2025Morgan Stanley
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Manan Gosalia
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Boost TargetOverweight ➝ Overweight$550.00 ➝ $670.00+7.60%
2/5/2025Canaccord Genuity Group
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Maria Ripps
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Boost TargetBuy ➝ Buy$650.00 ➝ $700.00+12.42%
2/5/2025Rosenblatt Securities
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Barton Crockett
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Reiterated RatingBuy ➝ Neutral$473.00 ➝ $658.00+5.67%
1/31/2025KeyCorp
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Aleksey Yefremov
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Boost TargetOverweight ➝ Overweight$555.00 ➝ $600.00+7.40%
1/30/2025Macquarie
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Tim Nollen
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Boost TargetOutperform ➝ Outperform$500.00 ➝ $600.00+9.00%
1/28/2025Cantor Fitzgerald
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D. Mathivanan
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Reiterated RatingNeutral ➝ Neutral$490.00 ➝ $480.00-8.55%
1/17/2025Wolfe Research
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Devin Brisco
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Reiterated RatingOutperform ➝ Peer Perform
1/15/2025UBS Group
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Batya Levi
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Boost TargetBuy ➝ Buy$485.00 ➝ $540.00+10.25%
11/13/2024Bank of America
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 Boost TargetBuy ➝ Buy$430.00 ➝ $515.00+10.56%
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%
11/13/2024Pivotal Research
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 Boost TargetBuy$510.00 ➝ $565.00+34.74%
11/13/2024Phillip Securities
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 Reiterated RatingBuy ➝ Accumulate$420.00 ➝ $485.00+15.66%
11/6/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetBuy ➝ Buy$430.00 ➝ $440.00+15.32%
8/29/2024Evercore ISI
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M. Mahaney
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Boost TargetOutperform ➝ Outperform$420.00 ➝ $460.00+36.27%
7/24/2024DZ Bank
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 UpgradeHold ➝ Buy$375.00+13.41%
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%
4/22/2024Loop Capital
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 Boost TargetHold ➝ Hold$165.00 ➝ $250.00-7.60%
4/15/2024Raymond James
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 Boost TargetOutperform ➝ Outperform$260.00 ➝ $320.00+9.66%
12/8/2023Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$185.00 ➝ $225.00+15.07%
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
4/26/2023VNET Group
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 Reiterated RatingMaintains

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 04:45 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 Friday, March 28, 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.:

  • Spotify Technology S.A. has seen significant institutional investment, with Thrivent Financial for Lutherans increasing its position by 566.1% recently, indicating strong confidence in the company's future growth.
  • Analysts have set optimistic price targets for the stock, with several firms raising their targets to between $700.00 and $740.00, suggesting potential for substantial price appreciation.
  • The current stock price is $559.76, which, given the recent analyst upgrades, may present a buying opportunity for investors looking to capitalize on future growth.
  • Spotify Technology S.A. has a robust market capitalization of $114.59 billion, reflecting its strong position in the market and potential for continued expansion.
  • With 84.09% of the stock owned by hedge funds and institutional investors, there is a strong backing from major financial entities, which can provide stability and confidence in the stock's performance.

Spotify Technology
Bear Case

red Wall Street bear icon

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

  • The stock has a high price-to-earnings (P/E) ratio of 94.08, which may indicate that the stock is overvalued compared to its earnings, posing a risk for potential investors.
  • Despite the positive outlook from analysts, the stock has experienced volatility, with significant price fluctuations that could deter risk-averse investors.
  • Recent trading volumes have been below average, which may suggest a lack of investor interest or confidence in the stock at its current price level.
  • While institutional investment is high, it also means that the stock is heavily influenced by the actions of a few large investors, which can lead to increased volatility if they decide to sell.
  • There is a consensus target price of $552.47, which is lower than the current trading price, indicating that some analysts believe the stock may not have much room for growth in the near term.

SPOT Forecast - Frequently Asked Questions

According to the research reports of 30 Wall Street equities research analysts, the average twelve-month stock price forecast for Spotify Technology is $552.47, with a high forecast of $740.00 and a low forecast of $250.00.

30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last year. There are currently 9 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SPOT shares.

According to analysts, Spotify Technology's stock has a predicted upside of 0.14% based on their 12-month stock forecasts.

Analysts like Spotify Technology less than other "business services" companies. The consensus rating score for Spotify Technology is 2.70 while the average consensus rating score for "business services" companies is 2.72. Learn more on how SPOT compares to other companies.


This page (NYSE:SPOT) was last updated on 4/2/2025 by MarketBeat.com Staff
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