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 Rosenblatt Securities in a note issued to investors on Tuesday, Benzinga reports. They presently have a $527.00 price objective on the stock. Rosenblatt Securities’ target price suggests a potential upside of 0.23% from the stock’s previous close.

Several other brokerages have also recently issued reports on SPOT. Piper Sandler initiated coverage on Spotify Technology in a research note on Thursday, October 8th. They issued a “neutral” rating and a $540.00 price target for the company. Wells Fargo & Company cut their price target on Spotify Technology from $600.00 to $570.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Phillip Securities upgraded Spotify Technology to a “buy” rating and set a $650.00 price target for the company in a research note on Tuesday, August 11th. Morgan Stanley boosted their price target on Spotify Technology from $610.00 to $640.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Finally, Guggenheim reiterated 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $610.25.

Read Our Latest Analysis on Spotify Technology

Spotify Technology Trading Up 1.4%

SPOT stock traded up $7.03 during trading hours on Tuesday, hitting $525.79. 963,581 shares of the stock were exchanged, compared to its average volume of 2,188,115. The firm has a market capitalization of $108.25 billion, a P/E ratio of 32.75, a P/E/G ratio of 1.63 and a beta of 1.61. The company has a 50-day simple moving average of $522.30 and a two-hundred day simple moving average of $495.97. Spotify Technology has a 12 month low of $405.00 and a 12 month high of $696.95.

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 for the quarter, missing the consensus estimate of $3.16 by ($0.13). The firm had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.47 billion. Spotify Technology had a return on equity of 41.39% and a net margin of 18.44%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.42) EPS. On average, equities research analysts predict that Spotify Technology will post 13.77 earnings per share for the current year.

Insider Buying and Selling at Spotify Technology

In other news, CEO Alex Norström sold 5,436 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $502.10, for a total transaction 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 approximately $33,526,723.30. This represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gustav Söderström sold 20,913 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $544.19, for a total value of $11,380,645.47. Following the completion of the transaction, the chief executive officer owned 20,025 shares of the company’s stock, valued at $10,897,404.75. This represents a 51.08% 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 have sold 68,092 shares of company stock valued at $35,762,410 over the last quarter. Company insiders own 0.40% of the company’s stock.

Institutional Trading of Spotify Technology

Institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC increased its holdings in Spotify Technology by 20.1% during the 1st quarter. Janus Henderson Group PLC now owns 1,711,015 shares of the company’s stock worth $829,641,000 after purchasing an additional 286,844 shares in the last quarter. Tiger Global Management LLC lifted its position 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 purchasing an additional 319,300 shares in the last quarter. Amundi lifted its position 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 purchasing an additional 183,994 shares in the last quarter. Principal Financial Group Inc. lifted 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. lifted 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. Institutional investors own 84.09% of the company’s stock.

Key Headlines 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 reiterated a Buy rating, citing potential improvement in advertising, easing cost pressures and possible AI product launches. The favorable setup reflects relatively muted investor expectations ahead of earnings. Spotify Q3 preview: Jefferies sees favorable set-up as AI products and ad growth offer upside
Positive Sentiment: Spotify launched paid podcast memberships, allowing creators to offer perks such as bonus audio and video, fewer advertisements and early access. The initiative could diversify Spotify’s creator monetization and strengthen engagement with high-value podcast audiences. Spotify launches paid podcast memberships with perks beyond bonus content
Positive Sentiment: Premium revenue reportedly increased 15%, helped by subscriber growth and pricing gains. Spotify also renewed its multiyear Joe Rogan agreement and expanded its share-repurchase authorization by approximately $1.5 billion to about $2.22 billion, potentially supporting per-share results and signaling confidence in cash generation. Does Rogan Renewal Change The Bull Case For Spotify Stock
Neutral Sentiment: Rosenblatt reaffirmed its Neutral rating with a $527 price target, indicating limited expected upside based on the firm’s current valuation assessment. Investors are focused on whether Spotify can meet Q3 expectations of roughly 788 million monthly active users, 305 million Premium subscribers and €5.0 billion in revenue. Rosenblatt reiterates neutral rating on Spotify
Negative Sentiment: Advertising remains a challenge, while the expanded Rogan commitment could increase content costs. StoneX also downgraded Spotify from Buy to Hold, underscoring concerns that strong Premium growth and the recent rally may already reflect much of the upside. StoneX downgrades Spotify Technology 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.