Barclays Forecasts Strong Price Appreciation for Spotify Technology (NYSE:SPOT) Stock

Spotify Technology (NYSE:SPOT) had its price objective upped by investment analysts at Barclays from $625.00 to $650.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 45.89% from the company’s previous close.

SPOT has been the subject of several other reports. Wall Street Zen raised Spotify Technology from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Citigroup upgraded shares of Spotify Technology from a “neutral” rating to a “buy” rating and set a $650.00 target price for the company in a research report on Friday, January 30th. The Goldman Sachs Group upgraded shares of Spotify Technology from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $735.00 to $700.00 in a research report on Friday, January 23rd. Sanford C. Bernstein dropped their price objective on shares of Spotify Technology from $830.00 to $650.00 and set an “outperform” rating for the company in a research note on Wednesday, January 14th. Finally, Phillip Securities raised shares of Spotify Technology from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $706.42.

Spotify Technology Stock Down 8.5%

SPOT opened at $445.53 on Wednesday. The company has a market cap of $91.70 billion, a PE ratio of 46.22, a price-to-earnings-growth ratio of 0.91 and a beta of 1.66. Spotify Technology has a twelve month low of $405.00 and a twelve month high of $785.00. The company has a 50-day moving average price of $535.84 and a 200 day moving average price of $622.39.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $5.16 EPS for the quarter, topping the consensus estimate of $3.16 by $2.00. Spotify Technology had a return on equity of 31.35% and a net margin of 13.16%.The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same period in the previous year, the business earned $1.88 EPS. Spotify Technology’s quarterly revenue was up 6.8% on a year-over-year basis. As a group, sell-side analysts expect that Spotify Technology will post 10.3 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SPOT. Sivia Capital Partners LLC acquired a new position in shares of Spotify Technology in the 2nd quarter valued at $312,000. IFP Advisors Inc raised its holdings in Spotify Technology by 33.5% in the 2nd quarter. IFP Advisors Inc now owns 538 shares of the company’s stock valued at $431,000 after buying an additional 135 shares during the period. Johnson Investment Counsel Inc. purchased a new stake in Spotify Technology in the 2nd quarter valued at about $296,000. MGO One Seven LLC lifted its position in Spotify Technology by 129.4% in the second quarter. MGO One Seven LLC now owns 1,677 shares of the company’s stock valued at $1,287,000 after buying an additional 946 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in Spotify Technology by 24.7% during the second quarter. Sequoia Financial Advisors LLC now owns 3,192 shares of the company’s stock worth $2,450,000 after buying an additional 632 shares during the period. 84.09% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Spotify Technology

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

• Positive Sentiment: Q4 results beat expectations — Spotify reported stronger-than-expected revenue and EPS, with management highlighting record revenue and accelerating margin expansion; this is the catalyst for recent upside in the stock. Spotify Q4 2025 Earnings Highlights
• Positive Sentiment: Record monthly listeners and subscriber growth: management said monthly listeners reached ~751 million, signaling user engagement momentum that supports long-term monetization. Record Monthly Listeners
• Positive Sentiment: Management is emphasizing AI and product focus as a growth driver — CEO/co‑CEO commentary highlights tighter execution and an AI roadmap intended to improve recommendations, ad targeting and creator tools. That narrative supports optimism about future monetization. CEO Message on Future
• Positive Sentiment: Analyst bullishness from Barclays — Barclays raised its price target to $650 and kept an overweight stance, providing buy-side support amid mixed broker notes. Barclays PT Raise
• Neutral Sentiment: Some price-target adjustments remain constructive: Guggenheim trimmed its target (from $750 to $720) but retained a buy view; KeyCorp also lowered its target to $720 — these keep upside in place but moderate expectations. Guggenheim / KeyCorp Updates
• Neutral Sentiment: Artist/engagement stories (e.g., major streaming surge for legacy act “The Grimm”) illustrate platform engagement wins but are peripheral to near-term stock moves. The Grimm Streaming Surge
• Negative Sentiment: Pivotal Research downgraded SPOT from Buy to Hold with a $420 target, which undercuts sentiment and increases short-term selling pressure. Pivotal Downgrade
• Negative Sentiment: Critical research and downgrade notes (Seeking Alpha piece) warn of structural deceleration risks — these narratives can amplify profit-taking after the post-earnings run. Downgrade On Structural Deceleration

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.