Spotify Technology (NYSE:SPOT) Price Target Raised to $650.00

26 Oct 2026, 01:43 by Renee Jackson · The Cerbat Gem

Spotify Technology (NYSE:SPOT – Free Report) had its target price raised by Guggenheim from $575.00 to $650.00 in a report released on Friday morning,Benzinga reports. Guggenheim currently has a buy rating on the stock.

A number of other analysts have also commented on SPOT. Phillip Securities raised Spotify Technology to a “buy” rating and set a $650.00 price objective for the company in a report on Tuesday, August 11th. Piper Sandler began coverage on Spotify Technology in a research note on Thursday, October 8th. They issued a “neutral” rating and a $540.00 price objective for the company. Wells Fargo & Company dropped their target price on Spotify Technology from $600.00 to $570.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Stonex Financia cut Spotify Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 14th. Finally, Argus reaffirmed a “buy” rating and set a $600.00 target price on shares of Spotify Technology in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $620.07.

Read Our Latest Report on SPOT

Spotify Technology Price Performance

NYSE:SPOT opened at $583.84 on Friday. The firm has a 50-day moving average of $526.60 and a 200-day moving average of $497.97. The company has a market cap of $120.20 billion, a PE ratio of 38.71, a PEG ratio of 1.81 and a beta of 1.61. Spotify Technology has a one year low of $405.00 and a one year high of $676.67.

Spotify Technology (NYSE:SPOT – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $3.03 earnings per share for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.13). Spotify Technology had a return on equity of 35.64% and a net margin of 15.74%. The business had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same quarter in the prior year, the company earned ($0.42) EPS. The company’s revenue was up 13.9% on a year-over-year basis. On average, equities research analysts expect that Spotify Technology will post 13.62 earnings per share for the current fiscal year.

Insider Transactions at Spotify Technology

In related news, CEO Alex Norström sold 5,436 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $502.10, for a total transaction of $2,729,415.60. Following the transaction, the chief executive officer directly owned 66,773 shares of the company’s stock, valued at $33,526,723.30. This trade represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gustav Söderström sold 20,913 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $544.19, for a total transaction of $11,380,645.47. Following the transaction, the chief executive officer owned 20,025 shares in the company, valued at approximately $10,897,404.75. This trade represents a 51.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 68,092 shares of company stock worth $35,762,410 over the last three months. 0.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Spotify Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its position in shares of Spotify Technology by 20.1% during the 1st quarter. Janus Henderson Group PLC now owns 1,711,015 shares of the company’s stock worth $829,641,000 after buying an additional 286,844 shares in the last quarter. Tiger Global Management LLC lifted its position in shares of Spotify Technology by 25.3% during the 1st quarter. Tiger Global Management LLC now owns 1,580,761 shares of the company’s stock worth $766,527,000 after buying an additional 319,300 shares in the last quarter. Amundi boosted its stake in shares of Spotify Technology by 20.0% in the 1st quarter. Amundi now owns 1,104,484 shares of the company’s stock worth $535,575,000 after buying an additional 183,994 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Spotify Technology by 53.4% in the 1st quarter. Principal Financial Group Inc. now owns 989,667 shares of the company’s stock worth $479,899,000 after buying an additional 344,471 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Spotify Technology by 1.8% in the 1st quarter. Sei Investments Co. now owns 749,495 shares of the company’s stock worth $363,415,000 after buying an additional 13,381 shares during the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Trending Headlines about Spotify Technology

Here are the key news stories impacting Spotify Technology this week:

Positive Sentiment: Spotify reported 306 million premium subscribers in the third quarter, up 9% year over year and 1 million above its guidance. Monthly active users rose 11% to 788 million, with growth across all regions. Spotify Stock Jumps as Subscriber Growth Beats Expectations
Positive Sentiment: Revenue increased roughly 16% year over year to about €4.97 billion, while gross margin expanded 140 basis points to 33% and operating income exceeded company guidance. Spotify expects fourth-quarter operating profit above Wall Street expectations and projects revenue of approximately €6.0 billion. Spotify forecasts fourth-quarter profit above estimates on AI bets
Positive Sentiment: Management highlighted AI-powered personalization, including its “taste model,” as a way to increase listening, reduce churn and support pricing power. It also expects moderating expenses and continued margin expansion, with long-term targets of more than 20% operating margin and 35%–40% gross margin by 2030. Spotify Soars After Earnings as the Company Touts AI Benefits and Moderating Costs
Positive Sentiment: Several analysts raised their targets following the results. Morgan Stanley and JPMorgan lifted targets to $700 with overweight ratings, while Wells Fargo, Barclays, Oppenheimer and Guggenheim also raised targets to $650–$660. Spotify Analysts Raise Their Forecasts Following Q3 Earnings
Neutral Sentiment: Spotify’s headline results were mixed: quarterly EPS of roughly $2.78–$2.85 missed consensus near $3.10–$3.18, while revenue was slightly below estimates. Piper Sandler maintained a neutral rating with a $580 target, and Cantor Fitzgerald maintained neutral at $550.
Negative Sentiment: TD Cowen reaffirmed a hold rating with a $525 price target, and some newly raised targets remain below the current market valuation, signaling concerns that much of the subscriber and AI optimism may already be reflected in SPOT shares.

Spotify Technology Company Profile

(Get Free Report)

Spotify Technology SA is an audio streaming company that operates the Spotify platform, offering users access to music, podcasts and audiobooks through internet-connected devices. Its catalog includes licensed recordings from music labels and artists, as well as podcasts and other audio content from creators and publishers.