Spotify Technology (SPOT) Stock Forecast & Price Target

$576.02 +38.11 (+7.09%)

Closing price 03/14/2025 03:59 PM Eastern

Extended Trading

$574.42 -1.60 (-0.28%)

As of 03/14/2025 07:58 PM 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
0

Hold
8

Buy
20

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, 8 have given a hold rating, and 20 have given a buy rating for SPOT.

Consensus Price Target

$540.68
-6.14% Downside

According to the 28 analysts' twelve-month price targets for Spotify Technology, the average price target is $540.68. The highest price target for SPOT is $730.00, while the lowest price target for SPOT is $250.00. The average price target represents a forecasted downside of -6.14% from the current price of $576.02.

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SPOT Analyst Ratings Over Time

Type	Current Forecast 3/15/24 to 3/15/25	1 Month Ago 2/14/24 to 2/13/25	3 Months Ago 12/16/23 to 12/15/24	1 Year Ago 3/16/23 to 3/15/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	20 Buy rating(s)	20 Buy rating(s)	22 Buy rating(s)	16 Buy rating(s)
Hold	8 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	$540.68	$514.79	$429.96	$226.83
Forecasted Upside	-6.14% Downside	-20.55% Downside	-11.04% Downside	-11.01% 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.

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	2.54
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-6.14% Downside	1,347.75% Upside	19.61% Upside
News Sentiment Rating	Positive News See Recent SPOT News	Positive News	Positive News

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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
3/11/2025	Redburn Atlantic 5 of 5 stars	H. Faber Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Strong Sell ➝ Neutral	$230.00 ➝ $545.00	+8.04%
2/24/2025	Guggenheim 2 of 5 stars	Michael Morris Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$675.00 ➝ $675.00	+12.67%
2/14/2025	Citigroup 3 of 5 stars	Jason Bazinet Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$540.00 ➝ $720.00	+14.17%
2/6/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Eric Sheridan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$550.00 ➝ $695.00	+11.26%
2/5/2025	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating	Mark Zgutowicz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$600.00 ➝ $720.00	+15.56%
2/5/2025	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Doug Anmuth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$555.00 ➝ $730.00	+17.77%
2/5/2025	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Steven Cahall Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$520.00 ➝ $690.00	+11.12%
2/5/2025	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Kannan Venkateshwar Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$475.00 ➝ $710.00	+14.02%
2/5/2025	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Manan Gosalia Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$550.00 ➝ $670.00	+7.60%
2/5/2025	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Maria Ripps Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$650.00 ➝ $700.00	+12.42%
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2/5/2025	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Barton Crockett Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Neutral	$473.00 ➝ $658.00	+5.67%
1/31/2025	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	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 Subscribe to MarketBeat All Access for the recommendation accuracy rating	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 Subscribe to MarketBeat All Access for the recommendation accuracy rating	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
1/15/2025	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%
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%
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	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%
11/6/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$430.00 ➝ $440.00	+15.32%
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	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%
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

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:49 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 Sunday, March 9, 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 received multiple upgrades from analysts, with JPMorgan Chase & Co. raising their price target to $730.00, indicating strong confidence in the company's growth potential.
The stock currently trades at $531.15, which is significantly above its fifty-two week low of $249.58, suggesting a strong recovery and potential for further appreciation.
With a market capitalization of $108.73 billion, Spotify Technology S.A. is positioned as a major player in the audio streaming industry, which is experiencing rapid growth.
The company operates through two segments, Premium and Ad-Supported, allowing it to cater to a wide range of users and diversify its revenue streams.
Spotify Technology S.A. has a consensus target price of $529.43, which reflects a positive outlook from analysts and suggests potential upside for investors.

Spotify Technology
Bear Case

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

Despite the positive outlook, one analyst has rated the stock with a sell rating, indicating that there are concerns about its future performance.
The company has a high price-to-earnings ratio of 89.27, which may suggest that the stock is overvalued compared to its earnings, potentially leading to a price correction.
Spotify Technology S.A. faces intense competition in the audio streaming market, which could impact its market share and profitability.
Recent trading activity shows a decline of 2.3% in share price, which may indicate short-term volatility and investor uncertainty.
With seven hold ratings from analysts, there is a lack of strong buy recommendations, suggesting that some investors may be cautious about the stock's potential.

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 $540.68, with a high forecast of $730.00 and a low forecast of $250.00.
: 28 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last twelve months. There are currently 8 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SPOT shares.
: According to analysts, Spotify Technology's stock has a predicted downside of -6.14% based on their 12-month stock forecasts.
: Spotify Technology has been rated by research analysts at Barclays, Benchmark, Canaccord Genuity Group, Cantor Fitzgerald, Citigroup, Guggenheim, JPMorgan Chase & Co., KeyCorp, Macquarie, Morgan Stanley, Redburn Atlantic, Rosenblatt Securities, 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 3/15/2025 by MarketBeat.com Staff

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Spotify Technology (SPOT) Stock Forecast & Price Target