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

Posted by Brian Himes on Jul 31st, 2026

Shares of Spotify Technology (NYSE:SPOT – Get Free Report) have been given an average recommendation of “Moderate Buy” by the twenty-six ratings firms that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $629.7273.

SPOT has been the topic of a number of research analyst reports. Guggenheim dropped their target price on shares of Spotify Technology from $600.00 to $565.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Morgan Stanley boosted their price target on Spotify Technology from $590.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Canaccord Genuity Group dropped their price objective on Spotify Technology from $750.00 to $720.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Rosenblatt Securities decreased their target price on Spotify Technology from $534.00 to $531.00 and set a “neutral” rating for the company in a research report on Thursday, July 9th. Finally, KeyCorp lowered their target price on Spotify Technology from $745.00 to $680.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th.

Check Out Our Latest Stock Report on SPOT

Trending Headlines about Spotify Technology

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

Positive Sentiment: Spotify is gaining ground on South Korea’s Melon, suggesting improving competitive momentum in an important streaming market. Spotify is gaining ground on Melon in South Korea
Positive Sentiment: The company added a “Campaign Lift” metric to Discovery Mode, giving advertisers more visibility into campaign effectiveness and potentially strengthening Spotify’s advertising proposition. Spotify adds Campaign Lift metric to Discovery Mode
Positive Sentiment: New iPhone functionality and “User Notes,” which lets listeners attach personal memories to songs, could improve user engagement and product differentiation, although the direct financial impact is likely modest. Spotify launches User Notes
Positive Sentiment: KeyCorp maintained an “Overweight” view and a $680 price target, forecasting $27.06 in FY2028 EPS, indicating some analysts expect substantial long-term profit growth. Spotify analyst estimates
Neutral Sentiment: Wall Street projections ahead of the quarterly report are focused on revenue, earnings, subscribers and engagement metrics; the results and management outlook will likely be the next major catalyst. Spotify Q2 earnings projections
Negative Sentiment: Erste Group lowered its FY2026 EPS estimate to $14.24 from $14.35 and its FY2027 forecast to $17.60 from $17.70. KeyCorp also reportedly reduced its Q2 EPS estimate, creating a modest earnings-expectation overhang ahead of the release. Spotify Q2 EPS estimates lowered
Negative Sentiment: Analysts are debating whether Spotify is fully valued after strong recent gains. Traditional valuation multiples imply a premium, leaving the stock vulnerable if earnings or user growth fail to exceed elevated expectations. Is Spotify fully valued?

Spotify Technology Trading Down 0.3%

NYSE:SPOT opened at $522.50 on Friday. The company has a market cap of $107.57 billion, a price-to-earnings ratio of 41.63, a price-to-earnings-growth ratio of 1.30 and a beta of 1.56. Spotify Technology has a twelve month low of $405.00 and a twelve month high of $748.30. The stock has a fifty day simple moving average of $486.50 and a 200-day simple moving average of $486.34.

Spotify Technology (NYSE:SPOT – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $4.04 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.63. The firm had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.23 billion. Spotify Technology had a net margin of 15.56% and a return on equity of 35.73%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.07 earnings per share. As a group, equities research analysts predict that Spotify Technology will post 14.45 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Thomas O. Staggs sold 5,477 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $526.00, for a total value of $2,880,902.00. Following the completion of the sale, the director owned 3,619 shares of the company’s stock, valued at approximately $1,903,594. This represents a 60.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gustav Soderstrom sold 20,833 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $478.45, for a total value of $9,967,548.85. Following the sale, the chief executive officer owned 20,259 shares of the company’s stock, valued at approximately $9,692,918.55. This represents a 50.70% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 111,442 shares of company stock valued at $54,757,553 over the last quarter. 0.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SPOT. JPL Wealth Management LLC purchased a new position in shares of Spotify Technology in the 3rd quarter worth approximately $35,000. Kemnay Advisory Services Inc. purchased a new position in Spotify Technology in the fourth quarter worth $32,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Spotify Technology during the fourth quarter worth $35,000. Osbon Capital Management LLC acquired a new position in shares of Spotify Technology during the fourth quarter worth $35,000. Finally, Wilmington Savings Fund Society FSB lifted its holdings in shares of Spotify Technology by 85.7% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 65 shares of the company’s stock valued at $38,000 after purchasing an additional 30 shares during the last quarter. 84.09% of the stock is currently owned by hedge funds and other institutional investors.

About Spotify Technology

(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.