24 analysts have shared their evaluations of Spotify Technology (NYSE: SPOT) during the recent three months, expressing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 10 | 12 | 2 | 0 | 0 |
| Last 30D | 1 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 1 | 0 | 0 |
| 2M Ago | 1 | 1 | 0 | 0 | 0 |
| 3M Ago | 7 | 10 | 1 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $806.42, a high estimate of $860.00, and a low estimate of $679.00. Surpassing the previous average price target of $762.86, the current average has increased by 5.71%.
Diving into Analyst Ratings: An In-Depth Exploration
The standing of Spotify Technology among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Joseph Bonner | Argus Research | Announces | Buy | $845.00 | - |
| Doug Anmuth | JP Morgan | Raises | Overweight | $805.00 | $740.00 |
| Jason Bazinet | Citigroup | Raises | Neutral | $750.00 | $715.00 |
| Michael Morris | Guggenheim | Maintains | Buy | $850.00 | $850.00 |
| Jason Helfstein | Oppenheimer | Raises | Outperform | $825.00 | $750.00 |
| Michael Morris | Guggenheim | Raises | Buy | $850.00 | $800.00 |
| Michael Morris | Guggenheim | Lowers | Buy | $800.00 | $840.00 |
| Kannan Venkateshwar | Barclays | Lowers | Overweight | $750.00 | $800.00 |
| Manan Gosalia | Morgan Stanley | Lowers | Overweight | $800.00 | $850.00 |
| Batya Levi | UBS | Lowers | Buy | $850.00 | $895.00 |
| Mark Zgutowicz | Benchmark | Lowers | Buy | $800.00 | $840.00 |
| Justin Patterson | Keybanc | Lowers | Overweight | $830.00 | $860.00 |
| Barton Crockett | Rosenblatt | Lowers | Neutral | $679.00 | $703.00 |
| Steven Cahall | Wells Fargo | Raises | Overweight | $750.00 | $740.00 |
| Jason Helfstein | Oppenheimer | Announces | Outperform | $800.00 | - |
| Benjamin Black | Deutsche Bank | Raises | Buy | $775.00 | $700.00 |
| Doug Anmuth | JP Morgan | Raises | Overweight | $780.00 | $730.00 |
| Justin Patterson | Keybanc | Raises | Overweight | $860.00 | $640.00 |
| Manan Gosalia | Morgan Stanley | Raises | Overweight | $850.00 | $700.00 |
| Mark Zgutowicz | Benchmark | Raises | Buy | $840.00 | $700.00 |
| Kannan Venkateshwar | Barclays | Raises | Overweight | $800.00 | $650.00 |
| Ian Moore | Bernstein | Raises | Outperform | $840.00 | $825.00 |
| Eric Sheridan | Goldman Sachs | Raises | Buy | $775.00 | $680.00 |
| Maria Ripps | Canaccord Genuity | Raises | Buy | $850.00 | $775.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Spotify Technology. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Spotify Technology compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Spotify Technology's stock. This analysis reveals shifts in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Spotify Technology's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Spotify Technology analyst ratings.
Delving into Spotify Technology's Background
Spotify is the leading global music streaming service provider, with nearly 700 million monthly active users and over 250 million paying subscribers, with the latter constituting the firm's premium segment. Most of the firm's revenue and nearly all its gross profit come from the subscribers, who pay a monthly fee to access a music library that consists of most of the most popular songs ever recorded, including all from the major record labels. The firm also sells separate audiobook subscriptions and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog but cannot customize a similar on-demand experience.
Spotify Technology: Financial Performance Dissected
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Over the 3M period, Spotify Technology showcased positive performance, achieving a revenue growth rate of 10.14% as of 30 June, 2025. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Communication Services sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Spotify Technology's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -2.05%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Spotify Technology's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -1.34%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Spotify Technology's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -0.66%, the company may face hurdles in achieving optimal financial returns.
Debt Management: With a below-average debt-to-equity ratio of 0.36, Spotify Technology adopts a prudent financial strategy, indicating a balanced approach to debt management.
Understanding the Relevance of Analyst Ratings
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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