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Spotify Technology SA has a consensus price target of $335.03 based on the ratings of 31 analysts. The high is $430 issued by Benchmark on July 24, 2024. The low is $120 issued by Credit Suisse on July 26, 2023. The 3 most-recent analyst ratings were released by Guggenheim, Barclays, and Morgan Stanley on July 24, 2024, respectively. With an average price target of $393.33 between Guggenheim, Barclays, and Morgan Stanley, there's an implied 14.99% upside for Spotify Technology SA from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Spotify Technology (NYSE:SPOT) was reported by Guggenheim on July 24, 2024. The analyst firm set a price target for $420.00 expecting SPOT to rise to within 12 months (a possible 22.79% upside). 84 analyst firms have reported ratings in the last year.
The latest analyst rating for Spotify Technology (NYSE:SPOT) was provided by Guggenheim, and Spotify Technology maintained their buy rating.
The last upgrade for Spotify Technology SA happened on July 24, 2024 when Goldman Sachs raised their price target to $425. Goldman Sachs previously had a neutral for Spotify Technology SA.
The last downgrade for Spotify Technology SA happened on July 10, 2024 when Redburn Atlantic changed their price target from N/A to $230 for Spotify Technology SA.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Spotify Technology, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Spotify Technology was filed on July 24, 2024 so you should expect the next rating to be made available sometime around July 24, 2025.
While ratings are subjective and will change, the latest Spotify Technology (SPOT) rating was a maintained with a price target of $400.00 to $420.00. The current price Spotify Technology (SPOT) is trading at is $342.05, which is out of the analyst’s predicted range.
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