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Spotify Technology

SPOTNYSE
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$458.32
-19.18-4.02%
At close: -
$460.20
1.880.41%
After Hours: 7:51 PM EDT
Q3 2024 Earnings were released on Tue Nov 12th, after the market close
The most recent conference call was at 17:00 PM, 4 days ago Click to view past webcast
Consensus Rating1
Buy
Highest Price Target1
$530.00
Lowest Price Target1
$190.00
Consensus Price Target1
$401.09

Spotify Technology (NYSE:SPOT) Stock, Analyst Ratings, Price Targets, Forecasts

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.

Analyst Trends and Forecast
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Aug
2
3
Sep
4
Oct
12
1
Nov
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
3.8
Buy
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Goldman Sachs
Canaccord Genuity
Macquarie
TD Cowen
B of A Securities

1calculated from analyst ratings

Analyst Ratings for Spotify Technology

Data brought to you by Benzinga APIs

FAQ

Q

What is the target price for Spotify Technology (SPOT) stock?

A

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.

Q

What is the most recent analyst rating for Spotify Technology (SPOT)?

A

The latest analyst rating for Spotify Technology (NYSE:SPOT) was provided by Goldman Sachs, and Spotify Technology maintained their buy rating.

Q

When was the last upgrade for Spotify Technology (SPOT)?

A

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.

Q

When was the last downgrade for Spotify Technology (SPOT)?

A

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.

Q

When is the next analyst rating going to be posted or updated for Spotify Technology (SPOT)?

A

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.

Q

Is the Analyst Rating Spotify Technology (SPOT) correct?

A

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.

Browse analyst ratings and price targets on all stocks.