Spotify Technology (NYSE:SPOT) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of Spotify Technology (NYSE:SPOT) have received a consensus rating of “Moderate Buy” from the thirty-one brokerages that are currently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $610.25.

SPOT has been the topic of several recent research reports. Weiss Ratings upgraded Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Piper Sandler initiated coverage on shares of Spotify Technology in a research note on Thursday, October 8th. They set a “neutral” rating and a $540.00 price target on the stock. Morgan Stanley upped their price objective on shares of Spotify Technology from $610.00 to $640.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Rosenblatt Securities reduced their target price on Spotify Technology from $531.00 to $527.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Finally, Moffett Nathanson upped their target price on Spotify Technology from $492.00 to $499.00 and gave the company a “neutral” rating in a research report on Wednesday, June 17th.

Spotify Technology Price Performance

NYSE SPOT opened at $528.00 on Wednesday. The stock has a market capitalization of $108.70 billion, a P/E ratio of 32.93, a PEG ratio of 1.63 and a beta of 1.61. The firm’s 50-day moving average is $519.39 and its two-hundred day moving average is $494.60. Spotify Technology has a 12 month low of $405.00 and a 12 month high of $700.12.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $3.03 EPS for the quarter, missing the consensus estimate of $3.16 by ($0.13). The company had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.47 billion. Spotify Technology had a return on equity of 41.39% and a net margin of 18.44%. The business’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.42) earnings per share. As a group, analysts anticipate that Spotify Technology will post 13.77 EPS for the current year.

Key Headlines Impacting Spotify Technology

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

• Positive Sentiment: Spotify is expanding its audiobooks offering from 22 markets to more than 180 by the end of 2026, broadening a newer revenue stream and potentially increasing engagement and monetization. Spotify Technology expands audiobooks and renews Rogan
• Positive Sentiment: The company renewed Joe Rogan under a new multiyear licensing agreement, preserving one of Spotify’s most prominent podcast franchises and supporting retention, advertising, and platform differentiation. Spotify renews Joe Rogan deal
• Positive Sentiment: On iOS 27, users can ask Siri to play Spotify content without saying “on Spotify.” The reduced friction could improve discovery and usage, although the direct financial impact is likely modest. Spotify Siri integration on iOS 27
• Positive Sentiment: Spotify is reportedly creating a business to sell internal software tools to other companies, potentially opening an additional enterprise revenue opportunity; however, the initiative is still early-stage. Spotify launches internal software-tools business
• Neutral Sentiment: Some market commentary argues SPOT remains undervalued based on future cash generation and its audiobook expansion, but those views rely on optimistic long-term assumptions following a roughly 235% three-year share-price gain. Spotify stock valuation analysis
• Negative Sentiment: Erste Group lowered its Spotify EPS forecasts to $13.71 for FY2026 from $14.07 and to $17.16 for FY2027 from $17.52, with the FY2026 estimate now slightly below the $13.81 consensus. Spotify earnings estimate revisions
• Negative Sentiment: Cantor Fitzgerald cut its SPOT price target to $490 from $530 and maintained a neutral rating, signaling less near-term upside after the stock’s strong run. Cantor Fitzgerald cuts Spotify price target

Insider Buying and Selling at Spotify Technology

In related news, CEO Alex Norström sold 5,436 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $502.10, for a total value of $2,729,415.60. Following the transaction, the chief executive officer owned 66,773 shares in the company, valued at $33,526,723.30. The trade was a 7.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 that occurred on Monday, September 14th. The shares were sold at an average price of $544.19, for a total value of $11,380,645.47. Following the completion of the transaction, the chief executive officer directly owned 20,025 shares in the company, valued at approximately $10,897,404.75. The trade was a 51.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 47,182 shares of company stock worth $24,677,392 over the last three months. 0.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Spotify Technology

Institutional investors have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. acquired a new position in Spotify Technology during the 3rd quarter worth approximately $318,000. Krilogy Financial LLC purchased a new stake in shares of Spotify Technology in the third quarter valued at approximately $272,000. Bouvel Investment Partners LLC acquired a new position in Spotify Technology during the third quarter worth $5,731,000. Sax Wealth Advisors LLC acquired a new position in Spotify Technology during the third quarter worth $587,000. Finally, NorthCrest Asset Manangement LLC purchased a new position in Spotify Technology in the third quarter worth $588,000. 84.09% of the stock is owned by institutional investors and hedge funds.

About Spotify Technology

Spotify Technology SA is a global audio streaming company that operates the Spotify platform. The service provides users with access to a broad catalog of music, podcasts and audiobooks, along with personalized recommendations, playlists and other discovery features.

Spotify offers a subscription-based Premium service with enhanced listening features, as well as an ad-supported service available at no direct cost to users. The company generates revenue primarily through Premium subscriptions and advertising, including audio, video and display advertising delivered across its platform.

Founded in 2006 by Daniel Ek and Martin Lorentzon, Spotify is headquartered in Stockholm, Sweden, and serves listeners, creators, advertisers and other partners across markets worldwide.