Barclays Has Lowered Expectations for Spotify Technology (NYSE:SPOT) Stock Price

Spotify Technology (NYSE:SPOT) had its price target dropped by Barclays from $650.00 to $600.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 23.55% from the stock’s current price.

A number of other equities analysts have also commented on the company. Cantor Fitzgerald cut their price objective on Spotify Technology from $615.00 to $525.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Citizens Jmp initiated coverage on Spotify Technology in a research note on Wednesday, December 17th. They issued a “market outperform” rating and a $800.00 price objective on the stock. The Goldman Sachs Group raised Spotify Technology from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $735.00 to $700.00 in a research note on Friday, January 23rd. Sanford C. Bernstein cut their price objective on Spotify Technology from $830.00 to $650.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 14th. Finally, Citigroup raised Spotify Technology from a “neutral” rating to a “buy” rating and set a $650.00 price objective on the stock in a research note on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $697.33.

Spotify Technology Price Performance

Spotify Technology stock opened at $485.63 on Wednesday. The stock’s 50 day moving average is $487.78 and its 200 day moving average is $567.70. The firm has a market cap of $99.98 billion, a P/E ratio of 50.38, a P/E/G ratio of 1.07 and a beta of 1.70. Spotify Technology has a one year low of $405.00 and a one year high of $785.00.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $3.16 by $2.00. The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.14 billion. Spotify Technology had a return on equity of 31.35% and a net margin of 13.16%.The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.88 earnings per share. Equities analysts anticipate that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Insider Activity at Spotify Technology

In other Spotify Technology news, CEO Alex Norstrom sold 5,436 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $479.51, for a total value of $2,606,616.36. Following the transaction, the chief executive officer directly owned 69,989 shares of the company’s stock, valued at approximately $33,560,425.39. The trade was a 7.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gustav Soderstrom sold 20,833 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $473.52, for a total value of $9,864,842.16. Following the completion of the transaction, the chief executive officer directly owned 20,609 shares in the company, valued at approximately $9,758,773.68. This trade represents a 50.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Spotify Technology

A number of institutional investors have recently modified their holdings of the company. State Street Corp raised its position in shares of Spotify Technology by 1.9% during the fourth quarter. State Street Corp now owns 4,712,249 shares of the company’s stock worth $2,736,450,000 after purchasing an additional 89,951 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Spotify Technology by 4.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,869,472 shares of the company’s stock worth $2,247,042,000 after purchasing an additional 149,479 shares during the period. Capital World Investors raised its position in shares of Spotify Technology by 4.9% during the fourth quarter. Capital World Investors now owns 2,863,821 shares of the company’s stock worth $1,663,024,000 after purchasing an additional 133,108 shares during the period. Fisher Asset Management LLC raised its position in shares of Spotify Technology by 2.4% during the fourth quarter. Fisher Asset Management LLC now owns 2,665,512 shares of the company’s stock worth $1,547,890,000 after purchasing an additional 62,887 shares during the period. Finally, Coatue Management LLC raised its position in shares of Spotify Technology by 35.9% during the fourth quarter. Coatue Management LLC now owns 2,450,881 shares of the company’s stock worth $1,423,251,000 after purchasing an additional 647,708 shares during the period. 84.09% of the stock is owned by institutional investors and hedge funds.

Spotify Technology News Roundup

Here are the key news stories impacting Spotify Technology this week:

• Positive Sentiment: UBS expects a strong Q1 with accelerating revenue and margin gains; Sensor Tower data suggests subscriber upside ahead of the print, which supports near-term beat potential and multiple expansion. Spotify set for strong Q1 report on revenue, margin gains
• Positive Sentiment: Erste Group nudged FY2026 and FY2027 EPS estimates slightly higher, signaling rising analyst confidence in Spotify’s profit trajectory and reinforcing valuation support. Marketbeat report on Erste upgrades
• Positive Sentiment: New product features — AI-generated podcast playlists and improved podcast search/prompt-based discovery — broaden engagement and ad/ARPU monetization opportunities for Spotify’s podcast/video strategy. Spotify Expands AI Playlist Tool to Include Podcasts
• Positive Sentiment: Corporate partnerships and recognition — Bank of America adding Spotify to its U.S. 1 list and a HYBE content partnership — support distribution and content monetization upside. Bank of America’s U.S. 1 Nod and HYBE Deal
• Neutral Sentiment: Barclays trimmed its price target from $650 to $600 but kept an overweight rating — a mixed signal: lower upside math but continued analyst support. Barclays price target cut coverage
• Neutral Sentiment: Earlier-quarter operational highlights (record Q4 MAU gains and margin expansion) and trending coverage (Zacks/Yahoo/Benzinga summaries) keep market focus high but are confirmations rather than new catalysts. Is Spotify Stock a Buy Now?
• Negative Sentiment: UBS warned subscriber growth may slow in Q2 because of tougher year-over-year comps, which could temper top-line momentum and near-term investor enthusiasm if reiterated on the call. Spotify set for strong Q1 report on revenue, margin gains

About Spotify Technology

Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.