Spotify Technology (NYSE:SPOT – Get Free Report) had its price target dropped by investment analysts at Cantor Fitzgerald from $530.00 to $490.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Cantor Fitzgerald’s target price indicates a potential downside of 7.20% from the stock’s current price.
A number of other research analysts also recently commented on SPOT. Guggenheim reissued a “buy” rating and issued a $565.00 price objective on shares of Spotify Technology in a research report on Wednesday, August 5th. Wall Street Zen cut shares of Spotify Technology from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. UBS Group dropped their target price on shares of Spotify Technology from $690.00 to $675.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Argus reiterated a “buy” rating and issued a $600.00 target price on shares of Spotify Technology in a research note on Thursday, August 13th. Finally, Rosenblatt Securities cut their target price on shares of Spotify Technology from $531.00 to $527.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $610.25.
Check Out Our Latest Report on SPOT
Spotify Technology Trading Down 0.2%
Spotify Technology (NYSE:SPOT – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $3.03 earnings per share for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.13). Spotify Technology had a return on equity of 41.39% and a net margin of 18.44%. The firm had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same quarter in the previous year, the firm 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 predict that Spotify Technology will post 13.77 earnings per share for the current fiscal year.
Insider Activity
In other news, CEO Gustav Söderström sold 20,913 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $544.19, for a total transaction of $11,380,645.47. Following the completion of the sale, the chief executive officer owned 20,025 shares in the company, valued at approximately $10,897,404.75. This trade represents a 51.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 firm’s stock in a transaction dated 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 owned 66,773 shares of the company’s stock, valued at approximately $33,526,723.30. This 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 sold 47,182 shares of company stock worth $24,677,392 over the last three months. Insiders own 0.40% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Janus Henderson Group PLC boosted its holdings in shares of Spotify Technology by 20.1% during the first 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 during the period. Tiger Global Management LLC grew its position in shares of Spotify Technology by 25.3% in the first quarter. Tiger Global Management LLC now owns 1,580,761 shares of the company’s stock valued at $766,527,000 after purchasing an additional 319,300 shares during the last quarter. Bamco Inc. NY increased its stake in shares of Spotify Technology by 0.9% during the fourth quarter. Bamco Inc. NY now owns 997,291 shares of the company’s stock worth $579,137,000 after purchasing an additional 8,596 shares during the period. Artisan Partners Limited Partnership increased its stake in shares of Spotify Technology by 3.6% during the fourth quarter. Artisan Partners Limited Partnership now owns 974,087 shares of the company’s stock worth $565,662,000 after purchasing an additional 33,630 shares during the period. Finally, Amundi increased its stake in shares of Spotify Technology by 20.0% during the first quarter. Amundi now owns 1,104,484 shares of the company’s stock worth $535,575,000 after purchasing an additional 183,994 shares during the period. 84.09% of the stock is owned by institutional investors.
Key Stories Impacting Spotify Technology
Here are the key news stories impacting Spotify Technology this week:
- Positive Sentiment: Spotify is expanding its audiobooks offering from 22 markets to more than 180 by the end of 2026, broadening a newer revenue stream and potentially increasing engagement and monetization. Spotify Technology expands audiobooks and renews Rogan
- Positive Sentiment: The company renewed Joe Rogan under a new multiyear licensing agreement, preserving one of Spotify’s most prominent podcast franchises and supporting retention, advertising, and platform differentiation. Spotify renews Joe Rogan deal
- Positive Sentiment: On iOS 27, users can ask Siri to play Spotify content without saying “on Spotify.” The reduced friction could improve discovery and usage, although the direct financial impact is likely modest. Spotify Siri integration on iOS 27
- Positive Sentiment: Spotify is reportedly creating a business to sell internal software tools to other companies, potentially opening an additional enterprise revenue opportunity; however, the initiative is still early-stage. Spotify launches internal software-tools business
- Neutral Sentiment: Some market commentary argues SPOT remains undervalued based on future cash generation and its audiobook expansion, but those views rely on optimistic long-term assumptions following a roughly 235% three-year share-price gain. Spotify stock valuation analysis
- Negative Sentiment: Erste Group lowered its Spotify EPS forecasts to $13.71 for FY2026 from $14.07 and to $17.16 for FY2027 from $17.52, with the FY2026 estimate now slightly below the $13.81 consensus. Spotify earnings estimate revisions
- Negative Sentiment: Cantor Fitzgerald cut its SPOT price target to $490 from $530 and maintained a neutral rating, signaling less near-term upside after the stock’s strong run. Cantor Fitzgerald cuts Spotify price target
Spotify Technology Company Profile
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.
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