On May 2, 2025, Loop Capital adjusted its target price for Spotify Technology (SPOT, Financial), raising it to $550.00 from the previous target of $435.00. This adjustment marks a 26.44% increase in the target price for the popular music streaming service.
The analyst responsible for this update, Alan Gould, maintained a "Hold" rating on SPOT. This is in line with the previous rating, despite the bullish adjustment in the target price.
Spotify Technology (SPOT, Financial) continues to be a focal point for investors as Loop Capital's revised target reflects positive market sentiment toward the company's growth potential in the audio streaming sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 36 analysts, the average target price for Spotify Technology SA (SPOT, Financial) is $646.06 with a high estimate of $800.77 and a low estimate of $378.88. The average target implies an upside of 0.32% from the current price of $644.00. More detailed estimate data can be found on the Spotify Technology SA (SPOT) Forecast page.
Based on the consensus recommendation from 39 brokerage firms, Spotify Technology SA's (SPOT, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Spotify Technology SA (SPOT, Financial) in one year is $263.50, suggesting a downside of 59.08% from the current price of $644. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Spotify Technology SA (SPOT) Summary page.
