Barclays Forecasts Strong Price Appreciation for Spotify Technology (NYSE:SPOT) Stock

Spotify Technology (NYSE:SPOT) had its price objective hoisted by equities researchers at Barclays from $565.00 to $650.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 11.61% from the company’s current price.

A number of other equities research analysts have also commented on SPOT. Rosenblatt Securities reissued a “neutral” rating and set a $527.00 price objective on shares of Spotify Technology in a report on Tuesday. KeyCorp reduced their price objective on Spotify Technology from $680.00 to $660.00 and set an “overweight” rating on the stock in a report on Thursday, October 1st. Citizens Jmp reaffirmed a “market outperform” rating and issued a $625.00 target price on shares of Spotify Technology in a research note on Friday. Piper Sandler assumed coverage on shares of Spotify Technology in a research report on Thursday, October 8th. They set a “neutral” rating and a $540.00 price target for the company. Finally, TD Cowen reissued a “hold” rating and set a $525.00 price target on shares of Spotify Technology in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $615.24.

Spotify Technology Price Performance

Shares of SPOT traded down $1.29 on Friday, hitting $582.37. The company’s stock had a trading volume of 229,169 shares, compared to its average volume of 2,193,548. The company has a market capitalization of $119.90 billion, a PE ratio of 36.38, a PEG ratio of 1.63 and a beta of 1.61. The company has a 50 day moving average price of $525.20 and a 200 day moving average price of $497.27. Spotify Technology has a fifty-two week low of $405.00 and a fifty-two week high of $676.67.

Spotify Technology (NYSE:SPOT) last announced its earnings results on Tuesday, August 4th. The company reported $3.03 EPS for the quarter, missing the consensus estimate of $3.16 by ($0.13). Spotify Technology had a return on equity of 41.39% and a net margin of 18.44%. The business had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter in the previous year, the company posted ($0.42) EPS. Spotify Technology’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, equities analysts forecast that Spotify Technology will post 13.66 EPS for the current year.

Insider Activity

In other Spotify Technology news, CEO Gustav Söderström sold 20,913 shares of the firm’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, 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 of the company’s stock, valued at $33,526,723.30. The trade was a 7.53% decrease in their ownership of the stock. 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 sold 68,092 shares of company stock worth $35,762,410 in the last three months. Insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Spotify Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cantillon Capital Management LLC bought a new stake in shares of Spotify Technology in the 1st quarter valued at $213,047,000. Southpoint Capital Advisors LP bought a new position in shares of Spotify Technology during the 1st quarter valued at about $193,964,000. Principal Financial Group Inc. grew its position 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 valued at $479,899,000 after purchasing an additional 344,471 shares during the period. Tiger Global Management LLC increased its stake in 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 purchasing an additional 319,300 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in 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 during the period. 84.09% of the stock is owned by institutional investors.

Key Spotify Technology News

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

• Positive Sentiment: Subscriber growth exceeded expectations: Premium subscribers rose 9% year over year to 306 million, one million above Spotify’s guidance, while monthly active users increased 11% to 788 million. Management expects to reach approximately 316 million premium subscribers and 818 million monthly active users in the fourth quarter. Spotify Stock Surges on Q3 Subscriber Beat and Bullish Forecast
• Positive Sentiment: Profitability trends improved: Third-quarter revenue rose roughly 16% year over year to about €4.97 billion, operating income reached €672 million, and gross margin expanded to 33%. Spotify expects fourth-quarter operating income and gross margin to remain stronger as costs and investment intensity moderate. Spotify revenue rises as subscribers and margins improve
• Positive Sentiment: AI is viewed as a future growth catalyst: Spotify highlighted its AI-powered “taste model,” personalized experiences and efforts to make its service accessible through AI agents. The company said AI is accelerating feature development without increasing headcount, potentially supporting engagement, retention and long-term margin expansion. Spotify’s current AI bet
• Positive Sentiment: Analyst sentiment improved: Guggenheim raised its price target to $650 and assigned a Buy rating, while Barclays also lifted its target to $650 and maintained Overweight. Guggenheim Spotify recommendations
• Neutral Sentiment: Mixed quarterly results: Adjusted earnings per share and revenue were slightly below consensus, although revenue growth remained healthy and subscriber and margin metrics were stronger than expected. Spotify forecasts fourth-quarter profit above estimates
• Negative Sentiment: Valuation and analyst caution remain risks: Cantor Fitzgerald raised its target to $550 but retained a Neutral rating, implying limited upside from the referenced price level. The earnings miss could also pressure the stock if subscriber momentum or AI-related benefits fail to translate into sustained profits. Cantor Fitzgerald Spotify recommendations

About Spotify Technology

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.

Spotify provides both an ad-supported service and subscription-based Premium plans. Premium subscribers generally receive ad-free listening and additional features, while the advertising-supported service allows users to access content without a paid subscription.