SPOTCommunication Services · Internet Content & InformationThe 40 Wall Street analysts covering Spotify Technology SA hold a median 12-month price target of $620 — +6.1% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 69 of 100 as at 24 Oct 2026 — in the upper half.
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 (40): 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 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 +6.1% 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 | — |
| 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 |
| 5 Oct 2026 | UBS | Maintains | Buy | — |
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.
Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 23 Oct 2026, Spotify Technology SA returned −13.3% against +14.3% 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 21% of US stocks
Cheaper than 19% of US stocks
Cheaper than 7% of US stocks
Cheaper than 6% of US stocks
Higher than 64% of US stocks
Higher than 12% of US stocks
Higher than 39% of US stocks
Higher than 70% of US stocks
Higher than 78% of US stocks
Higher than 90% of US stocks
Higher than 95% 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 $120.1B and an enterprise value of $127.1B.
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: 35.6×; forward P/E: 33.8× — 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 →
Spotify reported significant increases in user counts in its latest earnings report. The company said it expects to maintain that pace in the current quarter.
Why it matters — User growth and the company’s outlook for continued growth are relevant indicators for investors following Spotify.
Spotify’s Q3 results missed analyst expectations for revenue and adjusted EPS, despite strong subscriber growth. Management guided for Q4 revenue of €5.2B, a 33.8% gross margin, and 10% user growth.
Why it matters — Investors tracking SPOT will weigh the earnings miss against its subscriber growth and competitive position, as well as bundling pressure from Apple and YouTube Music.
Spotify shares gained 11% after its latest earnings report, ending a two-quarter streak of post-earnings declines. The move was the stock’s largest single-day gain since May, leaving shares roughly flat for the year.
Why it matters — The earnings-related jump and the end of the recent post-report decline streak are relevant to investors tracking SPOT’s market response.
Spotify used its third-quarter 2026 earnings call to highlight improving advertising trends, resilient subscriber performance and a slower pace of expense growth.
Why it matters — These trends are relevant to SPOT watchers assessing the company's advertising business, subscriber base and cost control.
Spotify shares rose 11% following its Q3 results. The headline highlights AI and improving margins as central themes.
Why it matters — SPOT watchers may note the reported share move and the article’s focus on AI growth and margins.
The 40 Wall Street analysts covering Spotify Technology SA have a median 12-month price target of $620, with estimates ranging from $409 to $719. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 40 analysts covering Spotify Technology SA, 31 rate it a Buy, 9 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Spotify Technology SA 69 out of 100 across roughly 4,600 US stocks as at 24 Oct 2026. None of this is personal advice — it does not consider your circumstances.
As at 24 Oct 2026, Spotify Technology SA ranks 69 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 40 analysts implies +6.1% from the last close, and Ticker Nerd's factor model ranks Spotify Technology SA 69 out of 100 as at 24 Oct 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: $409 to $719 over the next 12 months.
Spotify Technology SA returned -13.3% over the 12 months to 23 Oct 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 (The Motley Fool, 25 Oct 2026): "Is Spotify Technology SA a Buy After Its Latest Earnings Report?". Spotify reported significant increases in user counts in its latest earnings report. The company said it expects to maintain that pace in the current quarter.
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
