Spotify Technology’s (SPOT) Neutral Rating Reiterated at Rosenblatt Securities

Posted by Brenda Bartman on Oct 20th, 2026

Spotify Technology (NYSE:SPOT – Get Free Report)‘s stock had its “neutral” rating reissued by stock analysts at Rosenblatt Securities in a note issued to investors on Tuesday, Benzinga reports. They currently have a $527.00 price objective on the stock. Rosenblatt Securities‘s target price would suggest a potential downside of 0.22% from the stock’s previous close.

A number of other research analysts have also issued reports on the stock. Benchmark cut their price target on shares of Spotify Technology from $695.00 to $650.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Phillip Securities upgraded shares of Spotify Technology to a “buy” rating and set a $650.00 price target on the stock in a research note on Tuesday, August 11th. Argus restated a “buy” rating and set a $600.00 price target on shares of Spotify Technology in a research note on Thursday, August 13th. UBS Group cut their price target on shares of Spotify Technology from $690.00 to $675.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Finally, Weiss Ratings upgraded shares of Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $610.25.

Read Our Latest Research Report on SPOT

Spotify Technology Trading Up 0.4%

Shares of Spotify Technology stock opened at $528.17 on Tuesday. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $686.68. The firm has a market capitalization of $108.74 billion, a price-to-earnings ratio of 32.85, a PEG ratio of 1.60 and a beta of 1.61. The firm’s 50 day simple moving average is $522.79 and its two-hundred day simple moving average is $496.36.

Spotify Technology (NYSE:SPOT – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $3.03 earnings per share (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 company 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 company posted ($0.42) EPS. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, sell-side analysts predict that Spotify Technology will post 13.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Gustav Söderström sold 20,910 shares of the stock in a transaction on Monday, October 12th. The shares were sold at an average price of $530.13, for a total value of $11,085,018.30. Following the sale, the chief executive officer owned 19,908 shares in the company, valued at $10,553,828.04. This represents a 51.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 stock in a transaction 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 completion of the sale, the chief executive officer owned 66,773 shares in the company, valued at $33,526,723.30. The trade was a 7.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 68,092 shares of company stock worth $35,762,410 in the last quarter. Company insiders own 0.40% of the company’s stock.

Institutional Trading of Spotify Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in SPOT. Quadrant Capital Group LLC raised its position in shares of Spotify Technology by 94.9% in the third quarter. Quadrant Capital Group LLC now owns 2,699 shares of the company’s stock valued at $1,424,000 after buying an additional 1,314 shares during the last quarter. Pinnacle Associates Ltd. acquired a new stake in shares of Spotify Technology in the third quarter valued at about $232,000. Nisa Investment Advisors LLC raised its position in shares of Spotify Technology by 15.9% in the third quarter. Nisa Investment Advisors LLC now owns 21,398 shares of the company’s stock valued at $10,429,000 after buying an additional 2,943 shares during the last quarter. AMI Asset Management Corp raised its position in shares of Spotify Technology by 5.8% in the third quarter. AMI Asset Management Corp now owns 79,985 shares of the company’s stock valued at $38,983,000 after buying an additional 4,401 shares during the last quarter. Finally, Blue Jean Financial LLC acquired a new stake in shares of Spotify Technology in the third quarter valued at about $1,517,000. Institutional investors and hedge funds own 84.09% of the company’s stock.

Trending Headlines about Spotify Technology

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

Positive Sentiment: Jefferies raised its price target to $620 from $600 and maintained a Buy rating, citing a favorable earnings setup, moderating cost pressures, potential advertising improvement and possible upside from new artificial-intelligence products. The firm also views Spotify’s platform as defensible against AI competition. Spotify Stock Is Lagging This Year, but Jefferies Sees Its Platform as Highly Defensible Against AI
Positive Sentiment: Premium revenue growth is gaining traction. Revenue from paid subscriptions rose 15%, helped by subscriber additions and pricing increases, strengthening Spotify’s monetization outlook even as advertising remains challenging. Spotify’s Premium Growth Gains Traction
Positive Sentiment: New paid podcast memberships could diversify revenue. Podcasters can offer ad-free listening, early access, bonus content and other perks, while retaining 90% of membership revenue. Spotify Launches Paid Podcast Memberships
Positive Sentiment: Spotify is intensifying efforts to remove AI-generated spam. The company says it has removed roughly 75 million spam tracks and kept more than 50 million AI-generated or spam tracks out of recommendations, potentially improving user trust and content quality. Spotify Removes AI Slop and Spam Tracks
Neutral Sentiment: Third-quarter earnings are the next major catalyst. Investors will focus on monthly active users, Premium subscribers, revenue, advertising trends and management’s outlook. Spotify also renewed Joe Rogan’s multiyear agreement and expanded its share-buyback authorization by about $1.5 billion, balancing audience reach and capital returns against higher content spending. Does Rogan Renewal Change the Bull Case for Spotify Stock
Negative Sentiment: Advertising and earnings expectations remain risks. Preview coverage notes pressure on advertising growth and earnings per share, while Rosenblatt reaffirmed a Neutral rating with a $527 price target, indicating limited near-term valuation upside. Spotify Q3 Preview

Spotify Technology Company Profile

(Get Free Report)

Spotify Technology SA is an audio streaming company that operates the Spotify platform, offering users access to music, podcasts and audiobooks through internet-connected devices. Its catalog includes licensed recordings from music labels and artists, as well as podcasts and other audio content from creators and publishers.

Spotify provides both an ad-supported service and subscription-based Premium plans. Premium subscribers generally receive ad-free listening and additional features, while the advertising-supported service allows users to access content without a paid subscription.