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

Posted by Geri Gentry on Sep 19th, 2026

Spotify Technology (NYSE:SPOT – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the twenty-four ratings firms that are presently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation, seventeen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $594.50.

Several equities research analysts recently weighed in on SPOT shares. JPMorgan Chase & Co. boosted their price target on shares of Spotify Technology from $600.00 to $650.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Weiss Ratings raised shares of Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. Argus restated a “buy” rating and issued a $600.00 target price on shares of Spotify Technology in a report on Thursday, August 13th. Citizens Jmp upped their target price on shares of Spotify Technology from $600.00 to $625.00 and gave the company a “market outperform” rating in a research report on Friday, May 22nd. Finally, UBS Group lowered their price target on shares of Spotify Technology from $735.00 to $690.00 and set a “buy” rating for the company in a report on Friday, July 10th.

Get Our Latest Report on Spotify Technology

Insider Activity at Spotify Technology

In other Spotify Technology news, CEO Alex Norström sold 5,436 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $502.10, for a total transaction of $2,729,415.60. Following the sale, the chief executive officer directly owned 66,773 shares in the company, valued at $33,526,723.30. This represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gustav Söderström sold 20,913 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $544.19, for a total value of $11,380,645.47. Following the completion of the sale, the chief executive officer directly owned 20,025 shares of the company’s stock, valued at $10,897,404.75. The trade was a 51.08% decrease in their ownership of the stock. 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 have sold 73,451 shares of company stock worth $37,258,896 over the last three months. 0.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Pin Oak Investment Advisors Inc. bought a new stake in shares of Spotify Technology in the 2nd quarter worth about $27,000. Portus Wealth Advisors LLC bought a new position in Spotify Technology during the 1st quarter valued at about $32,000. Whipplewood Advisors LLC grew its holdings in Spotify Technology by 423.1% during the 1st quarter. Whipplewood Advisors LLC now owns 68 shares of the company’s stock valued at $33,000 after purchasing an additional 55 shares during the last quarter. Palladiem LLC bought a new position in Spotify Technology during the 1st quarter valued at about $34,000. Finally, Osbon Capital Management LLC purchased a new stake in Spotify Technology in the 4th quarter worth about $35,000. 84.09% of the stock is owned by hedge funds and other institutional investors.

Spotify Technology Stock Down 3.7%

Shares of Spotify Technology stock opened at $509.11 on Friday. Spotify Technology has a twelve month low of $405.00 and a twelve month high of $740.20. The business has a 50-day moving average price of $514.28 and a 200-day moving average price of $495.91. The firm has a market cap of $104.82 billion, a price-to-earnings ratio of 31.70, a PEG ratio of 1.56 and a beta of 1.59.

Spotify Technology (NYSE:SPOT – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $3.03 EPS for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.13). Spotify Technology had a net margin of 18.44% and a return on equity of 41.39%. The firm had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same period in the previous year, the company posted ($0.42) earnings per share. Spotify Technology’s quarterly revenue was up 13.9% on a year-over-year basis. On average, equities analysts expect that Spotify Technology will post 14.21 EPS for the current fiscal year.

Trending Headlines about Spotify Technology

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

Positive Sentiment: Bank of America reaffirmed its bullish view. BofA maintained a Buy rating and a $685 price target, arguing that Spotify’s growth story remains intact and that new monetization tools could support revenue and profit expansion. The target is well above the stock’s recent level and may help counter recent selling pressure. Spotify set for growth, BofA says, citing new monetization tools
Positive Sentiment: Video and creator monetization are emerging growth drivers. Analysts highlighted Spotify’s push into video and its podcast payout program, which has expanded to 35 countries. These initiatives could increase engagement, attract creators and improve advertising opportunities while reducing reliance on premium subscriptions. Spotify video push could close the valuation gap Spotify podcast payout programme goes global
Neutral Sentiment: Analyst comparisons provide limited direct catalysts. Articles comparing SPOT with Digital Turbine and Home Depot present Spotify as a potentially attractive long-term consumer or software investment, but they do not introduce material new company-specific information. The broader analyst consensus remains positive, with an average target around $594.50.
Neutral Sentiment: Product improvements may support retention over time. A new setting prevents children’s music from affecting recommendations and annual Wrapped results. The feature could improve personalization for families, but its near-term financial impact is likely modest. Spotify adds a new kids music setting
Negative Sentiment: CEO Gustav Söderström sold 20,913 shares worth approximately $11.4 million. The filing said the sale covered tax withholding related to vested equity awards, making it less concerning than a discretionary sale. Nevertheless, the transaction reduced his holdings by roughly 51% and may weigh on sentiment, particularly alongside Spotify’s recent retreat from its highs. Spotify CEO sells shares

Spotify Technology Company Profile

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Spotify Technology SA is a Luxembourg-based audio streaming company that operates the Spotify platform. The service gives users access to a broad catalog of music, podcasts and audiobooks, with features for searching, discovering, creating and sharing audio content across connected devices.

Spotify offers an ad-supported service at no subscription cost and paid Premium plans that provide additional features, including ad-free listening and offline playback. The company generates revenue primarily through subscriptions and advertising, while working with music labels, publishers, podcast creators and other rights holders to distribute content.

Founded in Stockholm in 2006 by Daniel Ek and Martin Lorentzon, Spotify launched its streaming service in 2008.