SPOTCommunication Services · Internet Content & InformationThe 41 Wall Street analysts covering Spotify Technology SA hold a median 12-month price target of $624 — +15.1% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 71 of 100 as at 3 Sept 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 (96): The business earns solid, repeatable profits on what it owns.
Momentum (32): The shares have been drifting down relative to others.
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 quant trader with fourteen 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 +15.1% from it.
Of the 20 most recent actions, 1 moved their price target up and 5 moved it down.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 13 Aug 2026 | Argus Research | Reiterates | Buy | $600 |
| 5 Aug 2026 | Cantor Fitzgerald | Maintains | Neutral | $510 → $530 |
| 5 Aug 2026 | Cantor Fitzgerald | Maintains | Neutral | — |
| 5 Aug 2026 | Guggenheim | Reiterates | Buy | — |
| 5 Aug 2026 | Guggenheim | Reiterates | Buy | $565 |
| 5 Aug 2026 | Rosenblatt | Maintains | Neutral | — |
| 5 Aug 2026 | Rosenblatt | Maintains | Neutral | $531 → $527 |
| 22 July 2026 | Benchmark | Maintains | Buy | $695 → $650 |
| 22 July 2026 | Benchmark | Maintains | Buy | — |
| 10 July 2026 | UBS | Maintains | Buy | — |
| 10 July 2026 | UBS | Maintains | Buy | $735 → $690 |
| 9 July 2026 | Rosenblatt | Maintains | Neutral | $534 → $531 |
| 9 July 2026 | Rosenblatt | Maintains | Neutral | — |
| 9 July 2026 | Wells Fargo | Maintains | Overweight | — |
| 9 July 2026 | Wells Fargo | Maintains | Overweight | $600 → $570 |
| 26 May 2026 | Cantor Fitzgerald | Maintains | Neutral | — |
| 22 May 2026 | Barclays | Maintains | Overweight | — |
| 22 May 2026 | Citizens | Maintains | Market Outperform | — |
| 22 May 2026 | JP Morgan | Maintains | Overweight | — |
| 22 May 2026 | Morgan Stanley | Maintains | Overweight | — |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Computed off the Friday close and sent before the US open.
Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. SPOT appears on the weeks it earns a place.
Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 4 Sept 2026, Spotify Technology SA returned −22.9% against +20.0% 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 26% of US stocks
Cheaper than 21% of US stocks
Cheaper than 9% of US stocks
Cheaper than 6% of US stocks
Higher than 61% of US stocks
Higher than 52% of US stocks
Higher than 40% of US stocks
Higher than 71% of US stocks
Higher than 81% of US stocks
Higher than 92% of US stocks
Higher than 95% of US stocks
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 $115.0B and an enterprise value of $122.1B.
Revenue in the twelve months to 30 June 2026: $18.1B. The latest quarter grew 13.9% 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: 30.3×; forward P/E: 31.0× — the forward figure prices analyst consensus estimates, not reported 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 →
Spotify's Premium revenues rose 15% year over year to €4.33B, driven by subscriber growth and higher average revenue per user (ARPU) supporting monetization, while advertising revenues also posted gains.
Why it matters — SPOT watchers would care because continued Premium revenue growth driven by ARPU and subscriber gains signals strengthening monetization across Spotify's core business.
On CNBC's "Halftime Report Final Trades," Bryn Talkington of Requisite Capital Management selected Capital One Financial Corporation. The segment covered a range of stocks including Nvidia, ServiceNow, and Spotify.
Why it matters — Spotify was mentioned among the stocks highlighted on the segment, though no specific analysis or endorsement was provided for the company.
Spotify (SPOT) reported earnings 30 days ago, and its stock has risen 16% since that report. The article examines whether the stock can sustain this upward movement going forward.
Why it matters — A SPOT watcher would care because the piece assesses the sustainability of the stock's recent post-earnings gains, offering context on what might follow.
An article from The Motley Fool compares Airbnb and Spotify as potential consumer-stock picks for 2026, noting that Airbnb maintains high net margins while expanding its network of unique listings, while Spotify has recently achieved meaningful net income alongside growth in its audio streaming user base.
Why it matters — SPOT watchers would care because the article highlights Spotify's recent profitability milestone and continued streaming user-base growth, an area of focus for investors tracking the company's financial trajectory.
Baron Focused Growth Fund rebounded in Q2 after a weak start to the year, gaining 13.26% versus a 24.02% gain for the Russell 2500 Growth Index. As of June 30, 2026, the Fund held 28 investments and reaffirmed its long-term focus on competitively advantaged growth businesses.
Why it matters — Because the fund is a growth-oriented portfolio whose holdings include companies like Spotify, its quarterly performance and positioning offer context for investors tracking such names.
The 41 Wall Street analysts covering Spotify Technology SA have a median 12-month price target of $624, with estimates ranging from $423 to $725. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 41 analysts covering Spotify Technology SA, 34 rate it a Buy, 7 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 3 Sept 2026. None of this is personal advice — it does not consider your circumstances.
As at 3 Sept 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 (96 of 100).
No one can know that. What the data says: the median 12-month target from 41 analysts implies +15.1% from the last close, and Ticker Nerd's factor model ranks Spotify Technology SA 71 out of 100 as at 3 Sept 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: $423 to $725 over the next 12 months.
Spotify Technology SA returned -22.9% over the 12 months to 4 Sept 2026, with dividends reinvested. Past performance does not indicate future returns.
Spotify Technology S.A. is a global audio streaming company that provides access to music, podcasts, video podcasts, and audiobooks through its digital platform.
The most recent item we track (Zacks Investment Research, 4 Sept 2026): "Can Higher ARPU Keep Spotify's Premium Revenue Growing?". Spotify's Premium revenues rose 15% year over year to €4.33B, driven by subscriber growth and higher average revenue per user (ARPU) supporting monetization, while advertising revenues also posted gains.
Spotify Technology S.A. is a global audio streaming company that provides access to music, podcasts, video podcasts, and audiobooks through its digital platform. Its service is organized around two main offerings: Premium, a subscription-based experience with offline listening, ad-free playback, and enhanced features, and Ad-Supported, a free tier funded by advertising. Spotify also supports artists, podcasters, and publishers through tools for distribution, promotion, and audience engagement. The company’s platform is available across smartphones, computers, tablets, smart TVs, and other connected devices, making it a widely used hub for personalized audio discovery and listening. Spotify Technology S.A. plays a central role in the digital media market by combining subscription services, advertising, and content distribution within one consumer platform.
CEO Mr. Alex Norström · 7,000 employees · Sweden · https://www.spotify.com
