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Spotify Technology SA has a consensus price target of $402.19 based on the ratings of 32 analysts. The high is $560 issued by Canaccord Genuity on December 2, 2024. The low is $190 issued by Truist Securities on October 25, 2023. The 3 most-recent analyst ratings were released by Canaccord Genuity, Goldman Sachs, and Canaccord Genuity on December 2, 2024, November 14, 2024, and November 14, 2024, respectively. With an average price target of $525 between Canaccord Genuity, Goldman Sachs, and Canaccord Genuity, there's an implied 16.15% 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 Canaccord Genuity on December 2, 2024. The analyst firm set a price target for $560.00 expecting SPOT to rise to within 12 months (a possible 23.89% upside). 85 analyst firms have reported ratings in the last year.
The latest analyst rating for Spotify Technology (NYSE:SPOT) was provided by Canaccord Genuity, 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 November 13, 2024 when Phillip Securities changed their price target from $420 to $485 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 December 2, 2024 so you should expect the next rating to be made available sometime around December 2, 2025.
While ratings are subjective and will change, the latest Spotify Technology (SPOT) rating was a maintained with a price target of $525.00 to $560.00. The current price Spotify Technology (SPOT) is trading at is $452.01, which is out of the analyst’s predicted range.
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