Spotify Technology (NYSE:SPOT) Earns Neutral Rating from Rosenblatt Securities

Posted by Brenda Bartman on Oct 20th, 2026

Spotify Technology (NYSE:SPOT – Get Free Report)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Rosenblatt Securities in a research note issued on Tuesday, Benzinga reports. They currently have a $527.00 target price on the stock. Rosenblatt Securities‘s price target would indicate a potential upside of 0.05% from the stock’s previous close.

Several other brokerages have also issued reports on SPOT. Morgan Stanley lifted their price target on Spotify Technology from $610.00 to $640.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Argus restated a “buy” rating and set a $600.00 price target on shares of Spotify Technology in a report on Thursday, August 13th. KeyCorp reduced their price target on Spotify Technology from $680.00 to $660.00 and set an “overweight” rating on the stock in a report on Thursday, October 1st. Wall Street Zen downgraded Spotify Technology from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Guggenheim restated a “buy” rating and issued a $565.00 price target on shares of Spotify Technology in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Spotify Technology has a consensus rating of “Moderate Buy” and an average target price of $610.25.

Check Out Our Latest Research Report on Spotify Technology

Spotify Technology Stock Up 1.5%

NYSE:SPOT traded up $7.96 during trading hours on Tuesday, hitting $526.72. 1,664,713 shares of the company’s stock traded hands, compared to its average volume of 2,191,643. The firm has a market cap of $108.44 billion, a P/E ratio of 32.80, a P/E/G ratio of 1.63 and a beta of 1.61. Spotify Technology has a 52 week low of $405.00 and a 52 week high of $696.95. The business’s fifty day simple moving average is $522.30 and its two-hundred day simple moving average is $495.97.

Spotify Technology (NYSE:SPOT – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $3.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.16 by ($0.13). The business had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.47 billion. Spotify Technology had a net margin of 18.44% and a return on equity of 41.39%. Spotify Technology’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.42) EPS. On average, analysts expect that Spotify Technology will post 13.77 EPS for the current year.

Insider Activity at Spotify Technology

In related news, CEO Gustav Söderström sold 20,913 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $544.19, for a total value of $11,380,645.47. Following the transaction, the chief executive officer directly owned 20,025 shares of the company’s stock, valued at approximately $10,897,404.75. This represents a 51.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 that occurred 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 transaction, the chief executive officer directly owned 66,773 shares in the company, valued at $33,526,723.30. This trade represents a 7.53% decrease in their ownership of the stock. 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 a total of 68,092 shares of company stock worth $35,762,410 over the last ninety days. 0.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Spotify Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPOT. Janus Henderson Group PLC raised its holdings in 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 acquiring an additional 286,844 shares during the period. Tiger Global Management LLC raised its holdings in 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 acquiring an additional 319,300 shares during the period. Amundi raised its holdings in 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 acquiring an additional 183,994 shares during the period. Principal Financial Group Inc. grew its position 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 purchasing an additional 344,471 shares in the last quarter. Finally, Sei Investments Co. grew its position 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 purchasing an additional 13,381 shares in the last quarter. 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: Jefferies raised its price target to $620 from $600 and maintained a Buy rating. The firm cited potentially improving advertising growth, moderating cost pressures, a possible AI product launch and relatively muted investor expectations. Jefferies also considers Spotify’s platform highly defensible against AI competition. Spotify Q3 preview: Jefferies sees favorable set-up as AI products and ad growth offer upside
Positive Sentiment: Premium revenue growth is gaining traction. Premium revenue reportedly increased 15%, supported by subscriber gains and pricing actions, strengthening Spotify’s monetization outlook even as advertising remains pressured. Spotify’s Premium Growth Gains Traction
Positive Sentiment: Spotify launched paid podcast memberships that allow creators to offer ad-free listening, early access and bonus content while retaining 90% of membership revenue. The initiative could expand creator monetization and Spotify’s podcast economics. Spotify launches paid podcast memberships
Positive Sentiment: Spotify says it removed more than 50 million AI-generated “slop” and spam tracks from recommendations this year. The cleanup may improve recommendation quality, user trust and the platform’s defensibility against low-quality AI content. Spotify has pulled more than 50m AI slop and spam tracks
Neutral Sentiment: Spotify renewed its multiyear Joe Rogan agreement and expanded its share-buyback authorization by approximately $1.5 billion to about $2.22 billion. The moves support audience retention and capital returns, but higher content commitments could weigh on costs. Does Rogan Renewal Change The Bull Case For Spotify Stock
Negative Sentiment: Analyst sentiment is not uniformly bullish. Rosenblatt reaffirmed a Neutral rating with a $527 target, while StoneX reportedly downgraded Spotify from Buy to Hold, limiting the near-term upside implied by the bullish Jefferies view.
Negative Sentiment: Advertising remains a concern, and investors are awaiting third-quarter results and guidance on monthly active users, Premium subscribers, revenue and AI-related spending. Spotify’s previous quarter missed consensus EPS and revenue estimates, increasing the importance of the upcoming report.

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.