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Spotify Technology SA has a consensus price target of $401.09 based on the ratings of 32 analysts. The high is $530 issued by JP Morgan on November 13, 2024. The low is $190 issued by Truist Securities on October 25, 2023. The 3 most-recent analyst ratings were released by Goldman Sachs, Canaccord Genuity, and Macquarie on November 14, 2024, November 14, 2024, and November 13, 2024, respectively. With an average price target of $505 between Goldman Sachs, Canaccord Genuity, and Macquarie, there's an implied 9.73% 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 Goldman Sachs on November 14, 2024. The analyst firm set a price target for $490.00 expecting SPOT to rise to within 12 months (a possible 6.48% upside). 93 analyst firms have reported ratings in the last year.
The latest analyst rating for Spotify Technology (NYSE:SPOT) was provided by Goldman Sachs, 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 November 14, 2024 so you should expect the next rating to be made available sometime around November 14, 2025.
While ratings are subjective and will change, the latest Spotify Technology (SPOT) rating was a maintained with a price target of $430.00 to $490.00. The current price Spotify Technology (SPOT) is trading at is $460.20, which is within the analyst’s predicted range.
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