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 reaffirmed 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’ target price indicates a potential downside of 0.33% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. UBS Group cut their price objective 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. KeyCorp lowered their target price on shares of Spotify Technology from $680.00 to $660.00 and set an “overweight” rating for the company in a report on Thursday, October 1st. Piper Sandler assumed coverage on shares of Spotify Technology in a report on Thursday, October 8th. They issued a “neutral” rating and a $540.00 target price for the company. Wall Street Zen cut shares of Spotify Technology from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Morgan Stanley upped their target price on shares of Spotify Technology from $610.00 to $640.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $610.25.

Check Out Our Latest Stock Report on SPOT

Spotify Technology Stock Up 1.9%

NYSE SPOT traded up $9.97 on Tuesday, hitting $528.73. 96,745 shares of the stock were exchanged, compared to its average volume of 2,183,635. The company has a market cap of $108.85 billion, a PE ratio of 33.07, a PEG ratio of 1.63 and a beta of 1.61. The company has a 50-day moving average price of $522.30 and a 200-day moving average price of $495.97. Spotify Technology has a fifty-two week low of $405.00 and a fifty-two week high of $696.95.

Spotify Technology (NYSE:SPOT – Get Free Report) last announced 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). The business had revenue of $5.45 billion for the quarter, compared to analysts’ expectations 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 period last year, the firm earned ($0.42) earnings per share. As a group, equities research analysts predict that Spotify Technology will post 13.77 EPS for the current fiscal year.

Insider Transactions at Spotify Technology

In related news, CEO Gustav Söderström sold 20,913 shares of the stock in a transaction on Monday, September 14th. The stock was 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 directly owned 20,025 shares of the company’s stock, valued at $10,897,404.75. This trade represents a 51.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 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 transaction, the chief executive officer directly owned 66,773 shares of the company’s stock, valued at $33,526,723.30. This represents a 7.53% 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. In the last three months, insiders have sold 68,092 shares of company stock worth $35,762,410. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SPOT. Net Worth Advisory Group increased its position in shares of Spotify Technology by 35.0% during the third quarter. Net Worth Advisory Group now owns 740 shares of the company’s stock worth $363,000 after acquiring an additional 192 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Spotify Technology by 0.5% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,034 shares of the company’s stock worth $17,075,000 after buying an additional 189 shares in the last quarter. Abel Hall LLC grew its position in shares of Spotify Technology by 56.0% during the third quarter. Abel Hall LLC now owns 956 shares of the company’s stock worth $466,000 after buying an additional 343 shares in the last quarter. First Bank & Trust acquired a new stake in shares of Spotify Technology during the third quarter worth approximately $343,000. Finally, Frank Rimerman Advisors LLC grew its position in shares of Spotify Technology by 2.8% during the third quarter. Frank Rimerman Advisors LLC now owns 1,066 shares of the company’s stock worth $520,000 after buying an additional 29 shares in the last quarter. Institutional investors and hedge funds own 84.09% of the company’s stock.

Spotify Technology News Roundup

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

About Spotify Technology

(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.