SPOTCommunication Services · Internet Content & InformationThe 41 Wall Street analysts covering Spotify Technology SA hold a median 12-month price target of $649 — +6.0% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 71 of 100 as at 13 Nov 2026 — in the upper half. Here, the model and the Street point the same way.
Consensus tells you what everyone already believes. The model scores Spotify Technology SA on its factor families — the same systematic rank behind the Ticker Nerd portfolio.
Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested
Quality (95): The business earns solid, repeatable profits on what it owns.
Revisions (42): Analysts have, on balance, been cutting their forecasts.
Size (2): Larger than most of the companies we track — more scrutinised, less often mispriced.
Built and run by Aslam Ghouse, an ex-Goldman Sachs systematic trader with 15+ years in markets.
The bullish and bearish analyst opinions on SPOT, reported as data — targets and ratings, the market's view beside the model's.
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Data provided by Twelve Data
The green dot is the last close — the median target sits +6.0% from it.
Of the 20 most recent actions, 10 moved their price target up and 2 moved it down.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 23 Oct 2026 | Barclays | Maintains | Overweight | $565 → $650 |
| 23 Oct 2026 | Cantor Fitzgerald | Maintains | Neutral | $490 → $550 |
| 23 Oct 2026 | Citizens | Reiterates | Market Outperform | $625 |
| 23 Oct 2026 | Evercore ISI Group | Maintains | Outperform | $700 → $750 |
| 23 Oct 2026 | Guggenheim | Maintains | Buy | $575 → $650 |
| 23 Oct 2026 | JP Morgan | Maintains | Overweight | $650 → $700 |
| 23 Oct 2026 | Morgan Stanley | Maintains | Overweight | $640 → $700 |
| 23 Oct 2026 | Oppenheimer | Maintains | Outperform | $550 → $650 |
| 23 Oct 2026 | Piper Sandler | Reiterates | Neutral | $540 → $580 |
| 23 Oct 2026 | Rosenblatt | Maintains | Neutral | $527 → $576 |
| 23 Oct 2026 | TD Cowen | Reiterates | Hold | $525 |
| 23 Oct 2026 | Wells Fargo | Maintains | Overweight | $570 → $660 |
| 20 Oct 2026 | Rosenblatt | Maintains | Neutral | $527 |
| 15 Oct 2026 | StoneX | Downgrade | Hold | — |
| 15 Oct 2026 | StoneX | Downgrade | Hold | — |
| 12 Oct 2026 | Cantor Fitzgerald | Maintains | Neutral | $530 → $490 |
| 12 Oct 2026 | Cantor Fitzgerald | Maintains | Neutral | — |
| 8 Oct 2026 | Piper Sandler | Initiates | Neutral | $540 |
| 8 Oct 2026 | Piper Sandler | Initiates | Neutral | — |
| 5 Oct 2026 | UBS | Maintains | Buy | $690 → $675 |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
SPOT appears in the Radar on the weeks it earns a place.
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Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 13 Nov 2026, Spotify Technology SA returned −5.1% against +13.4% for the S&P 500, dividends included.
Download this chart as an image — free to reuse; link this page as the source.
Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 20% of US stocks
Cheaper than 18% of US stocks
Cheaper than 7% of US stocks
Cheaper than 5% of US stocks
Higher than 65% of US stocks
Higher than 13% of US stocks
Higher than 39% of US stocks
Higher than 73% of US stocks
Higher than 78% of US stocks
Higher than 90% of US stocks
Higher than 94% of US stocks
Higher than 1% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
The headline figures, each with its date. Every row carries its own link — cite it straight from here.
Spotify Technology SA has a market value of $123.0B and an enterprise value of $128.7B.
Revenue in the twelve months to 30 June 2026: $18.1B. The latest quarter grew 16.3% year on year.
Net income over the same four quarters: $3.3B, a 18.4% net margin.
Diluted earnings per share, trailing twelve months: $13.77.
Free cash flow in the twelve months to 30 June 2026: $3.3B.
Spotify Technology SA spent $977.0M on share buybacks in the twelve months to 30 June 2026.
Trailing P/E: 36.5×; forward P/E: 35.0× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 0.00%, paying out 0% of earnings.
Spotify Technology SA employs 7,000 people — $2.6M of revenue per employee.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
Look up any of the roughly 4,600 stocks we score.
The rank is the raw material. Whether the rules would actually own Spotify Technology SA — and when they’d sell — is the membership. See the Ticker Nerd 20 →
Zacks reports that users of Zacks.com have recently been watching Spotify Technology (SPOT) closely. The article says it is worth knowing the facts that could determine the stock’s prospects.
Why it matters — SPOT watchers may find the article relevant for its focus on factors that could shape the stock’s prospects.
Spotify announced an upgrade to its AI DJ, allowing users to choose among different voices and personalities. The headline also notes an option for less chatter.
Why it matters — The update adds customization to one of Spotify’s AI-powered music features.
Zacks Investment Research asks whether Wall Street analysts’ recommendations for Spotify matter to investors considering a stock decision. The excerpt provides no specific analyst ratings or rating changes.
Why it matters — SPOT watchers may consider how analyst recommendations feature in stock research, though the excerpt reports no specific change in views on Spotify.
VictoriaMetrics announced plans to increase its North American investment as it expands adoption of its open-source observability technology. The headline identifies Spotify and MongoDB as users of its stack for observability at scale.
Why it matters — The item mentions Spotify as a user of VictoriaMetrics’ observability stack, offering context on technology it uses to monitor systems.
A 24/7 Wall Street headline predicts Spotify could reach $1,000 on a specific date. The excerpt points to subscriber growth and rising margins as factors behind that outlook, while noting the result depends on what goes right.
Why it matters — SPOT watchers may care about the bullish outlook and the subscriber and margin trends cited in support of it.
The 41 Wall Street analysts covering Spotify Technology SA have a median 12-month price target of $649, with estimates ranging from $454 to $741. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 41 analysts covering Spotify Technology SA, 32 rate it a Buy, 9 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Spotify Technology SA 71 out of 100 across roughly 4,600 US stocks as at 13 Nov 2026. None of this is personal advice — it does not consider your circumstances.
As at 13 Nov 2026, Spotify Technology SA ranks 71 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Quality (95 of 100).
No one can know that. What the data says: the median 12-month target from 41 analysts implies +6.0% from the last close, and Ticker Nerd's factor model ranks Spotify Technology SA 71 out of 100 as at 13 Nov 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
No analyst covering Spotify Technology SA publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for SPOT are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $454 to $741 over the next 12 months.
Spotify Technology SA returned -5.1% over the 12 months to 13 Nov 2026, with dividends reinvested. Past performance does not indicate future returns.
Spotify Technology S.A. is a digital audio streaming company that provides subscription-based and ad-supported access to music, podcasts, video, lossless audio, and audiobooks in select markets.
The most recent item we track (Zacks Investment Research, 12 Nov 2026): "Here is What to Know Beyond Why Spotify Technology (SPOT) is a Trending Stock". Zacks reports that users of Zacks.com have recently been watching Spotify Technology (SPOT) closely. The article says it is worth knowing the facts that could determine the stock’s prospects.
Spotify Technology S.A. is a digital audio streaming company that provides subscription-based and ad-supported access to music, podcasts, video, lossless audio, and audiobooks in select markets. The company serves listeners through its Premium and Ad-Supported offerings, with features designed for online and offline playback across computers, tablets, mobile devices, and other smart devices. Spotify Technology S.A. also supports creators and partners through sales, distribution, marketing, contract research and development, and customer support services. Its platform is used globally by consumers seeking personalized listening experiences, curated playlists, and broad catalog access. Founded in 2006 and headquartered in Stockholm, Sweden, Spotify Technology S.A. plays a central role in the global shift toward on-demand digital audio consumption.
CEO Mr. Alex Norström · 7,000 employees · Sweden · https://www.spotify.com
