Spotify Technology (NYSE:SPOT) Given New $565.00 Price Target at Barclays

Posted by Geri Gentry on May 22nd, 2026

Spotify Technology (NYSE:SPOT – Get Free Report) had its price target increased by research analysts at Barclays from $500.00 to $565.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 7.12% from the company’s previous close.

SPOT has been the topic of several other research reports. Cantor Fitzgerald reduced their target price on shares of Spotify Technology from $525.00 to $430.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. Morgan Stanley raised their price target on shares of Spotify Technology from $590.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday. Canaccord Genuity Group reduced their price target on shares of Spotify Technology from $750.00 to $720.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Moffett Nathanson began coverage on shares of Spotify Technology in a research note on Tuesday, January 27th. They issued a “neutral” rating and a $487.00 price target on the stock. Finally, The Goldman Sachs Group reduced their price target on shares of Spotify Technology from $670.00 to $600.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $648.81.

Get Our Latest Stock Report on Spotify Technology

Spotify Technology Stock Performance

SPOT stock traded up $37.53 during trading on Friday, hitting $527.46. 1,846,339 shares of the company’s stock traded hands, compared to its average volume of 2,641,541. Spotify Technology has a 52 week low of $405.00 and a 52 week high of $785.00. The business has a fifty day simple moving average of $479.71 and a 200 day simple moving average of $523.90. The stock has a market capitalization of $108.59 billion, a price-to-earnings ratio of 42.25, a P/E/G ratio of 1.05 and a beta of 1.55.

Spotify Technology (NYSE:SPOT – Get Free Report) last announced its earnings results on Tuesday, April 28th. The company reported $4.04 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.63. Spotify Technology had a net margin of 15.56% and a return on equity of 35.73%. The business had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the prior year, the firm posted $1.07 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. Research analysts forecast that Spotify Technology will post 14.87 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Alex Norstrom sold 5,436 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $479.51, for a total value of $2,606,616.36. Following the transaction, the chief executive officer owned 69,989 shares of the company’s stock, valued at $33,560,425.39. This trade represents a 7.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gustav Soderstrom sold 20,833 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $473.52, for a total transaction of $9,864,842.16. Following the completion of the transaction, the chief executive officer directly owned 20,609 shares in the company, valued at $9,758,773.68. This represents a 50.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 47,102 shares of company stock worth $21,444,648 in the last ninety days. 0.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC bought a new position in Spotify Technology during the 1st quarter worth about $187,000. Hamilton Wealth LLC grew its holdings in Spotify Technology by 100.0% during the 1st quarter. Hamilton Wealth LLC now owns 1,568 shares of the company’s stock worth $760,000 after acquiring an additional 784 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Spotify Technology by 20.1% during the 1st quarter. Janus Henderson Group PLC now owns 1,711,015 shares of the company’s stock worth $829,641,000 after acquiring an additional 286,844 shares in the last quarter. Cim LLC grew its holdings in Spotify Technology by 83.3% during the 1st quarter. Cim LLC now owns 38,425 shares of the company’s stock worth $18,633,000 after acquiring an additional 17,464 shares in the last quarter. Finally, Bull Harbor Capital LLC bought a new position in Spotify Technology during the 1st quarter worth about $484,000. 84.09% of the stock is currently owned by institutional investors.

Key Spotify Technology News

Here are the key news stories impacting Spotify Technology this week:

Positive Sentiment: Spotify outlined upbeat long-term targets, including mid-teens annual revenue growth and gross margins of 35% to 40% by 2030, reinforcing the case for continued earnings and cash flow expansion. Spotify stock pops on guidance at first investor day since 2022
Positive Sentiment: The company announced new AI-driven products, including tools for premium users to create covers and remixes, plus AI-powered podcast and audiobook creation features, which could open new revenue streams and deepen subscriber engagement. Spotify adds AI-powered Q&A and briefing generation features to podcasts
Positive Sentiment: Spotify also struck a licensing deal with Universal Music Group for responsible AI-generated covers and remixes, which supports creator partnerships while giving the platform a differentiated product offering. Spotify strikes deal with Universal Music to let premium users create AI covers, remixes
Positive Sentiment: Additional Investor Day announcements, such as reserving concert tickets for top fans, could improve user retention and increase premium value. Spotify Will Set Aside Concert Tickets for Artists’ Superfans
Neutral Sentiment: Media coverage on Spotify’s 20th anniversary and podcast strategy is more of a brand and product update than a clear near-term financial catalyst. Spotify 20th Anniversary: What Impact Did Podcasts Have On The Company?
Negative Sentiment: One report noted that Spotify may face higher costs in Canada due to rule changes, which could pressure margins if broader regulatory cost headwinds emerge. Netflix, Spotify to face higher costs as Canada changes rules
Negative Sentiment: Pomerantz LLP said it is investigating claims on behalf of Spotify investors, a legal overhang that can weigh on sentiment even if no wrongdoing is proven. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Spotify Technology S.A. – SPOT

Spotify Technology Company Profile

(Get Free Report)

Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.