Spotify Technology (NYSE:SPOT) Price Target Raised to $650.00 at Barclays

Spotify Technology (NYSE:SPOT) had its target price upped by Barclays from $625.00 to $650.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms have also issued reports on SPOT. Erste Group Bank lowered shares of Spotify Technology from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. DZ Bank upgraded Spotify Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Benchmark decreased their price objective on Spotify Technology from $860.00 to $760.00 and set a “buy” rating for the company in a report on Friday, January 16th. Rosenblatt Securities cut their target price on Spotify Technology from $700.00 to $670.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Finally, Moffett Nathanson initiated coverage on Spotify Technology in a research report on Tuesday, January 27th. They set a “neutral” rating and a $487.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $706.42.

Spotify Technology Stock Performance

Shares of Spotify Technology stock traded down $32.94 during trading hours on Wednesday, reaching $454.23. The company’s stock had a trading volume of 1,490,912 shares, compared to its average volume of 3,417,344. Spotify Technology has a one year low of $405.00 and a one year high of $785.00. The company’s 50 day simple moving average is $538.15 and its 200 day simple moving average is $623.62. The stock has a market cap of $93.52 billion, a P/E ratio of 47.47, a price-to-earnings-growth ratio of 0.89 and a beta of 1.66.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $3.16 by $2.00. Spotify Technology had a return on equity of 33.06% and a net margin of 13.16%.The business had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same period in the prior year, the firm earned $1.88 EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. On average, sell-side analysts predict that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SPOT. Helios Capital Management PTE. Ltd. raised its holdings in Spotify Technology by 56.3% in the 3rd quarter. Helios Capital Management PTE. Ltd. now owns 7,500 shares of the company’s stock valued at $5,235,000 after buying an additional 2,700 shares during the last quarter. Bessemer Group Inc. increased its position in Spotify Technology by 35.1% in the 3rd quarter. Bessemer Group Inc. now owns 682,639 shares of the company’s stock valued at $476,483,000 after acquiring an additional 177,310 shares during the period. Truxt Investmentos Ltda. bought a new position in shares of Spotify Technology during the third quarter valued at $2,093,000. Ownership Capital B.V. acquired a new position in shares of Spotify Technology during the third quarter worth $2,769,000. Finally, Generali Asset Management SPA SGR grew its stake in shares of Spotify Technology by 30.9% in the third quarter. Generali Asset Management SPA SGR now owns 68,023 shares of the company’s stock worth $46,692,000 after purchasing an additional 16,054 shares during the last quarter. Institutional investors own 84.09% of the company’s stock.

Key Stories Impacting Spotify Technology

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

• Positive Sentiment: Q4 earnings beat: revenue and EPS topped estimates, operating margin expanded and Spotify reported record MAU growth (about 751M) and 290M paid subscribers — the core fundamentals behind today’s rally. Spotify Technology SA (SPOT) Q4 2025 Earnings Call Highlights
• Positive Sentiment: Management messaging: CEO/co‑CEO framed 2026 as a year of raised ambition with tighter execution after leadership changes — investors interpret this as improved operational discipline and clearer strategy. Spotify CEO delivers strong message on its future
• Positive Sentiment: AI and new monetization plans: Spotify is pushing AI-driven “derivatives” and fan remix/cover tools as potential new artist revenue and platform revenue streams — a signal of meaningful upside beyond core subscriptions and ads. Spotify eyes AI ‘derivatives’ as new revenue stream for artists
• Neutral Sentiment: Analyst upgrades/price-target raises: Barclays raised its PT to $650 (overweight), and several firms retained Buy ratings despite trimming targets — supporting the bullish narrative but reflecting varied valuation views. Barclays raises Spotify price target
• Neutral Sentiment: Target resets but still-high endpoints: Guggenheim and KeyCorp trimmed price targets to ~$720 but kept favorable stances — signals that sell‑side models are recalibrating but many still see upside. Guggenheim price-target note
• Negative Sentiment: Some analyst caution remains: Pivotal downgraded SPOT to Hold with a $420 target, and at least one note flagged structural deceleration risks — reminders that ad recovery and longer-term growth cadence are not certain. Pivotal Research downgrade / price target
• Negative Sentiment: Ad revenue is still a potential weak spot: company prioritized subscription growth this quarter; ad recovery is expected but not guaranteed, leaving a short-term risk to revenue mix. MarketBeat analysis on ad revenue and outlook

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.