Spotify Technology (SPOT)
(Delayed Data from NYSE)
$335.59 USD
+1.24 (0.37%)
Updated Aug 15, 2024 04:00 PM ET
1-Strong Buy of 5 1
F Value A Growth A Momentum B VGM
Spotify (SPOT) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
---|---|---|---|
$367.22 | $460.00 | $200.00 | 9.43% |
Price Target
Based on short-term price targets offered by 27 analysts, the average price target for Spotify comes to $367.22. The forecasts range from a low of $200.00 to a high of $460.00. The average price target represents an increase of 9.43% from the last closing price of $335.59.
Analyst Price Targets (27)
Broker Rating
Spotify currently has an average brokerage recommendation (ABR) of 1.57 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 27 brokerage firms. The current ABR compares to an ABR of 1.65 a month ago based on 27 recommendations.
Of the 27 recommendations deriving the current ABR, 18 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 66.67% and 7.41% of all recommendations. A month ago, Strong Buy made up 62.96%, while Buy represented 7.41%.
Broker Rating Breakdown
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 18 | 18 | 17 | 16 | 16 |
Buy | 2 | 2 | 2 | 2 | 2 |
Hold | 7 | 7 | 8 | 9 | 9 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 |
ABR | 1.57 | 1.57 | 1.65 | 1.72 | 1.72 |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Analyst Upgrades/Downgrades
Date | Brokerage Firm | Analyst | Previous | Current |
---|---|---|---|---|
7/24/2024 | Goldman Sachs | Eric J Sheridan | Hold | Strong Buy |
7/24/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
7/24/2024 | Pivotal Research Group | Jeffrey D Wlodarczak | Strong Buy | Strong Buy |
7/24/2024 | Cowen & Co. | Douglas L Creutz | Hold | Hold |
7/24/2024 | Rosenblatt Securities | Barton Crockett | Strong Buy | Strong Buy |
7/24/2024 | Guggenheim Securities | Michael C Morris | Strong Buy | Strong Buy |
7/23/2024 | Macquarie Capital Securities | Timothy W Nollen | Strong Buy | Strong Buy |
7/22/2024 | The Benchmark Company | Mark Zgutowicz | Strong Buy | Strong Buy |
7/16/2024 | Raymond James | Andrew Marok | Moderate Buy | Moderate Buy |
7/15/2024 | MonnessCrespiHardt & Co. | Brian J White | Hold | Hold |
7/12/2024 | Not Identified | Not Identified | Not Available | Strong Buy |
7/11/2024 | Not Identified | Not Identified | Not Available | Strong Buy |
7/11/2024 | UBS | Betul B Levi | Strong Buy | Strong Buy |
5/7/2024 | Not Identified | Not Identified | Hold | Hold |
5/1/2024 | Not Identified | Not Identified | Hold | Hold |
4/24/2024 | Piper Sandler | Matthew F Farrell | Hold | Hold |
4/22/2024 | Loop Capital Markets | Alan S Gould | Hold | Hold |
4/12/2024 | KeyBanc Capital Markets | Justin Patterson | Strong Buy | Strong Buy |
3/31/2024 | Canaccord Genuity | Maria Ripps | Strong Buy | Strong Buy |
3/27/2024 | Not Identified | Not Identified | Not Available | Strong Buy |
1/31/2024 | Wells Fargo Securities | Steven Cahall | Strong Buy | Strong Buy |
12/8/2023 | Robert W. Baird & Co. | Vikram Kesavabhotla | Strong Buy | Strong Buy |
10/9/2023 | Atlantic Equities | Hamilton S Faber | Strong Buy | Hold |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Average Brokerage Rating
Current ABR | 1.57 |
ABR (Last week) | 1.57 |
# of Recs in ABR | 27 |
Average Target Price | $367.22 |
LT Growth Rate | NA |
Industry | Technology Services |
Industry Rank by ABR | 83 of 253 |
Current Quarter EPS Est: | 1.82 |