Spotify Technology (NYSE:SPOT) Stock Has Consensus Target Price of $592.75 According to Brokerages

Posted by Stanley Muller on Oct 10th, 2026

Spotify Technology (NYSE:SPOT – Get Free Report) has been given an average recommendation of “Moderate Buy” by the thirty-one ratings firms that are presently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, twenty-three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $611.68.

SPOT has been the topic of a number of research reports. Piper Sandler assumed coverage on Spotify Technology in a research report on Thursday. They set a “neutral” rating and a $540.00 target price on the stock. Argus restated a “buy” rating and set a $600.00 price objective on shares of Spotify Technology in a report on Thursday, August 13th. Phillip Securities raised shares of Spotify Technology to a “buy” rating and set a $650.00 price objective on the stock in a research note on Tuesday, August 11th. UBS Group reduced their price objective on shares of Spotify Technology from $690.00 to $675.00 and set a “buy” rating for the company in a report on Monday, October 5th. Finally, Moffett Nathanson boosted their target price on shares of Spotify Technology from $492.00 to $499.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 17th.

Check Out Our Latest Analysis on Spotify Technology

Spotify Technology Stock Up 0.6%

Spotify Technology stock opened at $529.52 on Wednesday. The company has a market capitalization of $109.02 billion, a PE ratio of 32.97, a PEG ratio of 1.61 and a beta of 1.61. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $700.12. The firm’s fifty day moving average is $517.62 and its 200 day moving average is $493.90.

Spotify Technology (NYSE:SPOT – Get Free Report) last posted 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). The company had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.47 billion. Spotify Technology had a return on equity of 41.39% and a net margin of 18.44%. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.42) earnings per share. Sell-side analysts expect that Spotify Technology will post 13.85 EPS for the current fiscal year.

Spotify Technology News Summary

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

Positive Sentiment: Joe Rogan renewed his Spotify partnership. Spotify signed a new multiyear licensing and advertising-sales agreement with “The Joe Rogan Experience,” reportedly valued at approximately $250 million. The show remains the leading podcast in U.S. listenership, helping Spotify retain a major audience driver and valuable advertising inventory. Joe Rogan renews multimillion-dollar podcast deal with Spotify
Positive Sentiment: Spotify is exploring a new enterprise technology opportunity. The company launched technology.spotify.com to make some of its internally developed tools and technology available to outside development teams. The initiative could create a new revenue stream and strengthen Spotify’s position as a technology platform, although its financial contribution is not yet established. Spotify Opens Tech Resources to Outside Development Teams
Neutral Sentiment: Piper Sandler initiated coverage with a Neutral rating and a $540 price target. The target implies limited additional upside from recent trading levels, suggesting the analyst sees Spotify’s valuation as broadly balanced against its growth prospects. Thursday’s Top Wall Street Analyst Research Calls
Negative Sentiment: The Rogan agreement adds a significant ongoing content expense. While retaining Spotify’s most-listened-to podcast may support engagement and advertising, the reported nine-figure commitment increases costs and could pressure returns if audience growth or monetization does not justify the payment.

Insider Transactions at Spotify Technology

In related news, CEO Gustav Söderström sold 20,913 shares of Spotify Technology stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $544.19, for a total transaction of $11,380,645.47. Following the transaction, the chief executive officer 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Alex Norström sold 5,436 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $502.10, for a total value of $2,729,415.60. Following the sale, the chief executive officer owned 66,773 shares of the company’s stock, valued at $33,526,723.30. This trade represents a 7.53% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 47,182 shares of company stock valued at $24,677,392 in the last quarter. Company insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Spotify Technology

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

About Spotify Technology

(Get Free Report)

Spotify Technology SA is a global audio streaming company that operates the Spotify platform. The service provides users with access to a broad catalog of music, podcasts and audiobooks, along with personalized recommendations, playlists and other discovery features.

Spotify offers a subscription-based Premium service with enhanced listening features, as well as an ad-supported service available at no direct cost to users. The company generates revenue primarily through Premium subscriptions and advertising, including audio, video and display advertising delivered across its platform.

Founded in 2006 by Daniel Ek and Martin Lorentzon, Spotify is headquartered in Stockholm, Sweden, and serves listeners, creators, advertisers and other partners across markets worldwide.