Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
Spotify Technology SA (SPOT)
NYSE:SPOT
Spotify Technology SA (SPOT) Stock Forecast & Price Target
6,186 Followers
See the Price Targets and Ratings of:
SPOT Analyst Ratings
Moderate Buy
21 Buy
7 Hold
1 Sell
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months
SPOT Stock 12 Month Forecast
Average Price Target
$354.92
▲(17.46% Upside)
| Highest Price Target$410.00 | Average Price Target$354.92 | Lowest Price Target$230.00 |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
Detailed List of Analyst Forecasts
Analyst Performance
Any
Analyst Rating
Any
Upside / Downside
Any
Action
Any
Monness
Reiterated
07/15/24
Morgan Stanley
Reiterated
07/15/24
Wolfe Research
Initiated
07/11/24
Jefferies
Initiated
07/11/24
KeyBanc
Reiterated
07/10/24
Redburn Atlantic
Downgraded
07/10/24
Bank of America Securities
Assigned
07/03/24
Benchmark Co.
Assigned
06/04/24
Evercore ISI
Reiterated
06/03/24
J.P. Morgan
$365→$375
Buy
$375.00
(24.11% Upside)
Reiterated
06/03/24
Analysts Offer Insights on Communication Services Companies: Paramount Global Class B (NASDAQ: PARA), Spotify Technology SA (NYSE: SPOT) and Telstra Corporation Limited (Other OTC: TTRAF)
Canaccord Genuity
$370
Buy
$370.00
(22.46% Upside)
Reiterated
06/03/24
Spotify's Strategic Growth and Profitability Enhancements Prompt Buy Rating
Citi
$310
Hold
$310.00
(2.60% Upside)
Assigned
05/21/24
Analyst Issues Hold Rating on Spotify Amid Legal Challenges and Bundling Strategy Impacts
Oppenheimer
―
Hold
―
Reiterated
05/01/24
Spotify Technology SA (SPOT) Receives a Hold from Oppenheimer
Robert W. Baird
$275→$350
Buy
$350.00
(15.84% Upside)
Reiterated
04/29/24
Spotify (SPOT) PT Raised to $350 at BairdBaird analyst Vikram Kesavabhotla raised the price target on Spotify (NYSE: SPOT) to $350.00 (from $275.00) while maintaining a Outperform rating.
Best Analysts Covering Spotify Technology SA
Which Analyst Should I Follow If I Want to Buy SPOT and Sell After:
1 Month
xxx
Success Rate
12/17 ratings generated profit
Average Return
+0.08%
reiterated a xxx
rating 3 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 70.59% of your transactions generating a profit, with an average return of +0.08% per trade.
3 Months
xxx
Success Rate
12/17 ratings generated profit
Average Return
+7.99%
reiterated a xxx
rating 3 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 70.59% of your transactions generating a profit, with an average return of +7.99% per trade.
1 Year
Success Rate
12/17 ratings generated profit
Average Return
+27.05%
reiterated a buy rating 3 months ago
Copying Steven Cahall's trades and holding each position for 1 Year would result in 70.59% of your transactions generating a profit, with an average return of +27.05% per trade.
2 Years
xxx
Success Rate
24/28 ratings generated profit
Average Return
+73.32%
reiterated a xxx
rating 12 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 85.71% of your transactions generating a profit, with an average return of +73.32% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
SPOT Analyst Recommendation Trends
Rating
Mar 24
Apr 24
May 24
Jun 24
Jul 24
Strong Buy
0
0
0
0
0
Buy
24
51
34
38
15
Hold
8
13
11
11
4
Sell
0
0
0
0
1
Strong Sell
0
0
0
0
0
total
32
64
45
49
20
Each month's total comprises the sum of three months' worth of ratings.
SPOT Financial Forecast
SPOT Stock Forecast FAQ
What is SPOT’s average 12-month price target, according to analysts?
Based on analyst ratings, Spotify Technology SA’s 12-month average price target is $354.92.
What is SPOT’s upside potential, based on the analysts’ average price target?
Spotify Technology SA has 17.46% upside potential, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is SPOT a Buy, Sell or Hold?
Spotify Technology SA has a consensus rating of Moderate Buy which is based on 21 buy ratings, 7 hold ratings and 1 sell ratings.
What is Spotify Technology SA’s price target?
The average price target for Spotify Technology SA is $354.92. This is based on 29 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $410.00 ,the lowest forecast is $230.00. The average price target represents 17.46% Increase from the current price of $302.15.
The highest analyst price target is $410.00 ,the lowest forecast is $230.00. The average price target represents 17.46% Increase from the current price of $302.15.
What do analysts say about Spotify Technology SA?
Spotify Technology SA’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 29 Wall Streets Analysts.
How can I buy shares of SPOT?
Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.