Spotify Technology (NYSE:SPOT) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Spotify Technology (NYSE:SPOT) had its target price hoisted by stock analysts at Morgan Stanley from $640.00 to $700.00 in a report released on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley‘s target price suggests a potential upside of 19.25% from the company’s current price.

Several other research analysts have also recently weighed in on SPOT. Oppenheimer increased their price objective on Spotify Technology from $550.00 to $650.00 and gave the stock an “outperform” rating in a research report on Friday. Piper Sandler restated a “neutral” rating and issued a $580.00 price target (up from $540.00) on shares of Spotify Technology in a research note on Friday. Rosenblatt Securities reaffirmed a “neutral” rating and set a $527.00 price target on shares of Spotify Technology in a research report on Tuesday. Barclays lifted their price objective on shares of Spotify Technology from $565.00 to $650.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Argus reiterated a “buy” rating and issued a $600.00 price objective on shares of Spotify Technology in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Spotify Technology has a consensus rating of “Moderate Buy” and a consensus target price of $620.07.

Spotify Technology Stock Up 0.6%

Shares of Spotify Technology stock traded up $3.36 on Friday, hitting $587.02. The stock had a trading volume of 1,418,727 shares, compared to its average volume of 2,200,167. Spotify Technology has a twelve month low of $405.00 and a twelve month high of $676.67. The business’s 50 day moving average is $525.20 and its two-hundred day moving average is $497.27. The stock has a market cap of $120.86 billion, a price-to-earnings ratio of 36.54, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61.

Spotify Technology (NYSE:SPOT) last announced 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). The firm had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.47 billion. Spotify Technology had a return on equity of 41.39% and a net margin of 18.44%. Spotify Technology’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.42) EPS. As a group, equities analysts predict that Spotify Technology will post 13.66 earnings per share for the current fiscal year.

Insider Buying and Selling at Spotify Technology

In other Spotify Technology news, CEO Alex Norström sold 5,436 shares of Spotify Technology stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 66,773 shares of the company’s stock, 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 Securities & Exchange Commission, 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 company’s stock in a transaction 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 sale, the chief executive officer owned 20,025 shares of the company’s stock, valued at approximately $10,897,404.75. The trade was 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 sold a total of 68,092 shares of company stock valued at $35,762,410 over the last ninety days. Insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Spotify Technology

Several institutional investors and hedge funds have recently bought and sold shares of the company. Tsfg LLC grew its stake in Spotify Technology by 39.7% during the second quarter. Tsfg LLC now owns 81 shares of the company’s stock worth $37,000 after buying an additional 23 shares in the last quarter. Carl P. Sherr & Co. LLC raised its position in shares of Spotify Technology by 0.7% in the 1st quarter. Carl P. Sherr & Co. LLC now owns 4,138 shares of the company’s stock valued at $2,007,000 after buying an additional 27 shares in the last quarter. Frank Rimerman Advisors LLC raised its position in shares of Spotify Technology by 2.8% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 1,066 shares of the company’s stock valued at $520,000 after buying an additional 29 shares in the last quarter. Simplify Asset Management Inc. lifted its holdings in shares of Spotify Technology by 3.1% during the 1st quarter. Simplify Asset Management Inc. now owns 1,074 shares of the company’s stock worth $521,000 after acquiring an additional 32 shares during the period. Finally, Arkadios Wealth Advisors lifted its holdings in shares of Spotify Technology by 7.5% during the 1st quarter. Arkadios Wealth Advisors now owns 474 shares of the company’s stock worth $230,000 after acquiring an additional 33 shares during the period. Institutional investors own 84.09% of the company’s stock.

Key Spotify Technology News

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

• Positive Sentiment: Spotify’s premium subscribers rose 9% year over year to 306 million, exceeding company guidance by 1 million, while monthly active users increased 11% to 788 million. Management expects 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: Revenue rose roughly 16% year over year to €4.97 billion, and gross margin expanded 140 basis points to 33%, exceeding expectations. Advertising trends are improving, while expense growth is slowing and management expects further margin improvement into 2027.
• Positive Sentiment: Investors responded favorably to Spotify’s AI strategy, including its personalized “taste model,” AI-enabled discovery and efforts to make its service accessible through AI agents. The company said these initiatives are increasing content discovery and could drive engagement, retention and long-term pricing power. Spotify’s current AI bet is about being the music service that agents choose
• Positive Sentiment: Several analysts raised their targets following the report. JPMorgan increased its target to $700 with an overweight rating, while Wells Fargo, Barclays, Guggenheim and Oppenheimer raised targets to between $650 and $660; Oppenheimer upgraded the stock to outperform. Spotify Analysts Raise Their Forecasts Following Q3 Earnings

Spotify Technology Company Profile

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.