Weekly Analysts’ Ratings Updates for Spotify Technology (SPOT)

Several brokerages have updated their recommendations and price targets on shares of Spotify Technology (NYSE: SPOT) in the last few weeks:

• 10/26/2026 – Spotify Technology was downgraded by Phillip Securities from “strong-buy” to “moderate buy”.
• 10/23/2026 – Spotify Technology had its price target raised by Morgan Stanley from $640.00 to $700.00. They now have an “overweight” rating on the stock.
• 10/23/2026 – Spotify Technology had its “neutral” rating reaffirmed by Piper Sandler. They now have a $580.00 price target on the stock, up from $540.00.
• 10/23/2026 – Spotify Technology had its price target raised by Oppenheimer from $550.00 to $650.00. They now have an “outperform” rating on the stock.
• 10/23/2026 – Spotify Technology had its price target raised by JPMorgan Chase & Co. from $650.00 to $700.00. They now have an “overweight” rating on the stock.
• 10/23/2026 – Spotify Technology had its price target raised by Wells Fargo & Company from $570.00 to $660.00. They now have an “overweight” rating on the stock.
• 10/23/2026 – Spotify Technology had its price target raised by Barclays from $565.00 to $650.00. They now have an “overweight” rating on the stock.
• 10/23/2026 – Spotify Technology had its “hold” rating reaffirmed by TD Cowen. They now have a $525.00 price target on the stock.
• 10/23/2026 – Spotify Technology had its “market outperform” rating reaffirmed by Citizens Jmp. They now have a $625.00 price target on the stock.
• 10/23/2026 – Spotify Technology had its price target raised by Guggenheim from $575.00 to $650.00. They now have a “buy” rating on the stock.
• 10/23/2026 – Spotify Technology had its price target raised by Cantor Fitzgerald from $490.00 to $550.00. They now have a “neutral” rating on the stock.
• 10/22/2026 – Spotify Technology was downgraded by Zacks Research from “hold” to “strong sell”.
• 10/20/2026 – Spotify Technology had its “neutral” rating reaffirmed by Rosenblatt Securities. They now have a $527.00 price target on the stock.
• 10/14/2026 – Spotify Technology was downgraded by Stonex Financia from “strong-buy” to “hold”.
• 10/12/2026 – Spotify Technology had its price target lowered by Cantor Fitzgerald from $530.00 to $490.00. They now have a “neutral” rating on the stock.
• 10/8/2026 – Spotify Technology is now covered by Piper Sandler. They set a “neutral” rating and a $540.00 price target on the stock.
• 10/5/2026 – Spotify Technology had its price target lowered by UBS Group from $690.00 to $675.00. They now have a “buy” rating on the stock.
• 10/1/2026 – Spotify Technology had its price target lowered by KeyCorp from $680.00 to $660.00. They now have an “overweight” rating on the stock.

Insider Buying and Selling

In related news, CEO Gustav Söderström sold 20,913 shares of the stock in a transaction dated 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 $10,897,404.75. This trade represents a 51.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 firm’s stock in a transaction that occurred on 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 represents a 7.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 68,092 shares of company stock worth $35,762,410 in the last quarter. Company insiders own 0.40% of the company’s stock.

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.