Spotify Technology (NYSE:SPOT) Receives Average Rating of “Moderate Buy” from Brokerages

Posted by Francis Steltz on Jun 4th, 2026

Spotify Technology (NYSE:SPOT – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-nine ratings firms that are covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, twenty-one have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $655.9231.

Several equities analysts have commented on SPOT shares. Rosenblatt Securities lifted their target price on shares of Spotify Technology from $500.00 to $534.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Barclays lifted their target price on shares of Spotify Technology from $500.00 to $565.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. The Goldman Sachs Group dropped their target price on shares of Spotify Technology from $670.00 to $600.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Guggenheim lowered their price target on shares of Spotify Technology from $600.00 to $565.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Finally, Wall Street Zen raised Spotify Technology from a “hold” rating to a “buy” rating in a report on Saturday, May 30th.

View Our Latest Analysis on Spotify Technology

Insider Buying and Selling

In other Spotify Technology news, CEO Alex Norstrom sold 5,436 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $479.51, for a total transaction of $2,606,616.36. Following the sale, the chief executive officer owned 69,989 shares of the company’s stock, valued at $33,560,425.39. The trade was a 7.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas O. Staggs sold 5,477 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $526.00, for a total transaction of $2,880,902.00. Following the sale, the director directly owned 3,619 shares in the company, valued at $1,903,594. The trade was a 60.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 111,442 shares of company stock worth $54,647,508 in the last quarter. 0.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Spotify Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of SPOT. Sivia Capital Partners LLC bought a new stake in Spotify Technology during the 2nd quarter valued at $312,000. Jump Financial LLC raised its position in shares of Spotify Technology by 5.2% in the second quarter. Jump Financial LLC now owns 1,132 shares of the company’s stock worth $869,000 after buying an additional 56 shares in the last quarter. Cary Street Partners Financial LLC purchased a new stake in shares of Spotify Technology in the second quarter worth $178,000. NewEdge Advisors LLC raised its position in shares of Spotify Technology by 36.9% in the second quarter. NewEdge Advisors LLC now owns 12,650 shares of the company’s stock worth $9,707,000 after buying an additional 3,412 shares in the last quarter. Finally, Glenview Trust co purchased a new stake in shares of Spotify Technology in the second quarter worth $298,000. Institutional investors own 84.09% of the company’s stock.

Spotify Technology Stock Performance

SPOT stock opened at $488.24 on Thursday. The company has a market capitalization of $100.52 billion, a P/E ratio of 38.90, a price-to-earnings-growth ratio of 1.22 and a beta of 1.56. Spotify Technology has a 52-week low of $405.00 and a 52-week high of $785.00. The business has a 50-day simple moving average of $480.38 and a two-hundred day simple moving average of $516.21.

Spotify Technology (NYSE:SPOT – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $4.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.63. The business had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.23 billion. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.07 EPS. As a group, sell-side analysts forecast that Spotify Technology will post 14.72 earnings per share for the current fiscal year.

About Spotify Technology

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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.