Back to top
more

Spotify Technology (SPOT)

(Delayed Data from NYSE)

$322.77 USD

322.77
1,161,858

-5.86 (-1.78%)

Updated Sep 6, 2024 04:00 PM ET

After-Market: $322.77 0.00 (0.00%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy23.68%
2Buy17.55%
3Hold9.21%
4Sell4.93%
5Strong Sell2.36%
S&P50010.96%

Zacks Rank Education - Learn about the Zacks Rank

Zacks Rank Home - Zacks Rank resources in one place

Zacks Premium - The only way to fully access the Zacks Rank

1-Strong Buy of 5 1        

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

F Value A Growth F Momentum D VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

Zacks Rank Education -- Learn more about the Zacks Rank
Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 33% (82 out of 249)

Industry: Technology Services

Zacks Premium FeatureView All Zacks #1 Ranked Stocks

Better trading starts here.

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)

Last Close 328.63
Average 376.07 14.44% Upside Low 225.00 -31.53% Downside High 460.00 39.98% Upside

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

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

Zacks provides the average brokerage recommendation (ABR) for thousands of stocks for most of the leading investment web sties. The ABR is the calculated average of the actual recommendations (strong buy, hold, sell etc) made by the brokerage firms for a given stock.

ABR vs Zacks Rank

 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.