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Spotify Technology SA has a consensus price target of $340.03 based on the ratings of 33 analysts. The high is $460 issued by Evercore ISI Group on August 29, 2024. The low is $120 issued by Credit Suisse on July 26, 2023. The 3 most-recent analyst ratings were released by Keybanc, Cantor Fitzgerald, and Evercore ISI Group on September 16, 2024, September 5, 2024, and August 29, 2024, respectively. With an average price target of $413.33 between Keybanc, Cantor Fitzgerald, and Evercore ISI Group, there's an implied 20.17% upside for Spotify Technology SA from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Spotify Technology (NYSE:SPOT) was reported by Keybanc on September 16, 2024. The analyst firm set a price target for $440.00 expecting SPOT to rise to within 12 months (a possible 27.92% upside). 86 analyst firms have reported ratings in the last year.
The latest analyst rating for Spotify Technology (NYSE:SPOT) was provided by Keybanc, and Spotify Technology maintained their overweight rating.
The last upgrade for Spotify Technology SA happened on July 24, 2024 when Goldman Sachs raised their price target to $425. Goldman Sachs previously had a neutral for Spotify Technology SA.
The last downgrade for Spotify Technology SA happened on July 10, 2024 when Redburn Atlantic changed their price target from N/A to $230 for Spotify Technology SA.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Spotify Technology, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Spotify Technology was filed on September 16, 2024 so you should expect the next rating to be made available sometime around September 16, 2025.
While ratings are subjective and will change, the latest Spotify Technology (SPOT) rating was a maintained with a price target of $420.00 to $440.00. The current price Spotify Technology (SPOT) is trading at is $343.97, which is out of the analyst’s predicted range.
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