Spotify Technology (SPOT)
(Delayed Data from NYSE)
$322.77 USD
-5.86 (-1.78%)
Updated Sep 6, 2024 04:00 PM ET
After-Market: $322.77 0.00 (0.00%) 7:58 PM ET
1-Strong Buy of 5 1
F Value A Growth F Momentum D VGM
Spotify (SPOT) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
---|---|---|---|
$376.07 | $460.00 | $225.00 | 14.44% |
Price Target
Based on short-term price targets offered by 28 analysts, the average price target for Spotify comes to $376.07. The forecasts range from a low of $225.00 to a high of $460.00. The average price target represents an increase of 14.44% from the last closing price of $328.63.
Analyst Price Targets (28)
Broker Rating
Spotify currently has an average brokerage recommendation (ABR) of 1.67 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 29 brokerage firms. The current ABR compares to an ABR of 1.57 a month ago based on 27 recommendations.
Of the 29 recommendations deriving the current ABR, 19 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 65.52% and 6.9% of all recommendations. A month ago, Strong Buy made up 66.67%, while Buy represented 7.41%.
Broker Rating Breakdown
![Broker Rating Visualization](https://widget3.zacks.com/images/charts/bar/brokerage/bar/SPOT.png)
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 19 | 19 | 18 | 17 | 16 |
Buy | 2 | 2 | 2 | 2 | 2 |
Hold | 7 | 6 | 7 | 8 | 9 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 1 | 1 | 0 | 0 | 0 |
ABR | 1.67 | 1.63 | 1.57 | 1.65 | 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 |
---|---|---|---|---|
9/5/2024 | Cantor Fitzgerald & Co | Deepak Mathivanan | Not Available | Hold |
8/29/2024 | Evercore Partners | Mark Mahaney | Not Available | Strong Buy |
7/24/2024 | Pivotal Research Group | Jeffrey D Wlodarczak | Strong Buy | Strong Buy |
7/24/2024 | Rosenblatt Securities | Barton Crockett | Strong Buy | Strong Buy |
7/24/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
7/24/2024 | Goldman Sachs | Eric J Sheridan | Hold | Strong Buy |
7/24/2024 | Cowen & Co. | Douglas L Creutz | Hold | Hold |
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 | UBS | Betul B Levi | Strong Buy | Strong Buy |
7/11/2024 | Not Identified | Not Identified | Not Available | Strong Buy |
7/10/2024 | Atlantic Equities | Hamilton S Faber | Hold | Strong Sell |
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 |
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 | 1.67 |
ABR (Last week) | 1.63 |
# of Recs in ABR | 29 |
Average Target Price | $376.07 |
LT Growth Rate | NA |
Industry | Technology Services |
Industry Rank by ABR | 82 of 253 |
Current Quarter EPS Est: | 1.83 |
SPOT FAQs
Spotify Technology (SPOT) currently has an average brokerage recommendation (ABR) of 1.67 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 29 brokerage firms.
The average price target for Spotify Technology (SPOT) is $376.07. The current on short-term price targets is based on 9 reports.
The forecasts for Spotify Technology (SPOT) range from a low of $225 to a high of $460. The average price target represents a increase of $16.51 from the last closing price of $322.77.
The current UPSIDE for Spotify Technology (SPOT) is 16.51%
Based on short-term price targets offered by 28 analysts, the average price target for Spotify comes to $376.07. The forecasts range from a low of $225.00 to a high of $460.00. The average price target represents an increase of 14.44% from the last closing price of $328.63.