Rosenblatt Securities Reaffirms “Neutral” Rating for Spotify Technology (NYSE:SPOT)

Posted by Brenda Bartman on Oct 20th, 2026

Spotify Technology (NYSE:SPOT – Get Free Report)‘s stock had its “neutral” rating reiterated by equities researchers at Rosenblatt Securities in a research report issued on Tuesday, Benzinga reports. They currently have a $527.00 price objective on the stock. Rosenblatt Securities’ target price would indicate a potential upside of 0.35% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Cantor Fitzgerald cut their price target on shares of Spotify Technology from $530.00 to $490.00 and set a “neutral” rating on the stock in a report on Monday, October 12th. KeyCorp cut their price target on shares of Spotify Technology from $680.00 to $660.00 and set an “overweight” rating on the stock in a report on Thursday, October 1st. Wells Fargo & Company cut their price target on shares of Spotify Technology from $600.00 to $570.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. 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 report on Monday, October 5th. Finally, Morgan Stanley lifted their price target on shares of Spotify Technology from $610.00 to $640.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $610.25.

View Our Latest Research Report on Spotify Technology

Spotify Technology Stock Performance

Shares of NYSE:SPOT opened at $525.17 on Tuesday. The firm has a market cap of $108.12 billion, a PE ratio of 32.71, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61. The firm’s fifty day moving average is $522.30 and its 200-day moving average is $495.97. Spotify Technology has a 52 week low of $405.00 and a 52 week high of $696.95.

Spotify Technology (NYSE:SPOT – Get Free Report) last issued 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 business had revenue of $5.45 billion for 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%. Spotify Technology’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.42) EPS. Sell-side analysts forecast that Spotify Technology will post 13.77 EPS for the current year.

Insider Buying and Selling at Spotify Technology

In other Spotify Technology news, CEO Alex Norström sold 5,436 shares of Spotify Technology stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $502.10, for a total value of $2,729,415.60. Following the completion of the sale, the chief executive officer directly owned 66,773 shares of the company’s stock, valued at approximately $33,526,723.30. The trade was a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gustav Söderström sold 20,910 shares of Spotify Technology stock in a transaction on Monday, October 12th. The shares were sold at an average price of $530.13, for a total transaction of $11,085,018.30. Following the completion of the sale, the chief executive officer directly owned 19,908 shares of the company’s stock, valued at approximately $10,553,828.04. This trade represents a 51.23% decrease in their ownership of the stock. 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. Over the last ninety days, insiders sold 68,092 shares of company stock valued at $35,762,410. Insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Spotify Technology

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC grew 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 valued at $829,641,000 after buying an additional 286,844 shares during the last quarter. Tiger Global Management LLC grew its holdings in shares of Spotify Technology by 25.3% during the first quarter. Tiger Global Management LLC now owns 1,580,761 shares of the company’s stock valued at $766,527,000 after buying an additional 319,300 shares during the last quarter. Amundi grew its holdings in shares of Spotify Technology by 20.0% during the first quarter. Amundi now owns 1,104,484 shares of the company’s stock valued at $535,575,000 after buying an additional 183,994 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Spotify Technology by 53.4% during the first quarter. Principal Financial Group Inc. now owns 989,667 shares of the company’s stock valued at $479,899,000 after buying an additional 344,471 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Spotify Technology by 1.8% during the first quarter. Sei Investments Co. now owns 749,495 shares of the company’s stock valued at $363,415,000 after buying an additional 13,381 shares during the last quarter. 84.09% of the stock is owned by institutional investors.

Spotify Technology News Summary

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

Positive Sentiment: Paid podcast memberships: Spotify launched a program allowing podcasters to offer paid perks such as bonus audio or video, fewer advertisements and early access. The initiative could diversify revenue, improve creator retention and increase engagement beyond traditional subscriptions. Spotify launches paid podcast memberships with perks beyond bonus content
Positive Sentiment: Rogan renewal and buybacks: Spotify renewed its multiyear licensing agreement with Joe Rogan, preserving a major audience draw, and increased its share-repurchase authorization by approximately $1.5 billion to about $2.22 billion. Buybacks may support per-share results, although the agreement adds content costs. Does Rogan Renewal Change the Bull Case for Spotify Stock
Neutral Sentiment: Rosenblatt maintains a neutral rating: Rosenblatt Securities reaffirmed its “neutral” view and set a $527 price target, implying only modest upside from the referenced $519.17 price. The call suggests limited near-term conviction before earnings.
Neutral Sentiment: Q3 expectations in focus: Analysts are watching for approximately 788 million monthly active users, 305 million Premium subscribers and roughly €5.0 billion in revenue. These metrics could drive the next significant move if Spotify exceeds or misses expectations. Spotify Q3 earnings key metrics
Negative Sentiment: StoneX downgrade: StoneX reportedly cut Spotify from “buy” to “hold,” adding pressure to the stock’s near-term outlook and signaling concerns about valuation, execution or the balance between content investment and profitability. StoneX downgrades Spotify to hold

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.