Recent Analysts’ Ratings Updates for Spotify Technology (SPOT)

Several brokerages have updated their recommendations and price targets on shares of Spotify Technology (NYSE: SPOT) in the last few weeks:

• 5/4/2026 – Spotify Technology was upgraded by Weiss Ratings from “hold (c)” to “hold (c+)”.
• 4/30/2026 – Spotify Technology had its price target lowered by UBS Group AG from $760.00 to $735.00. They now have a “buy” rating on the stock.
• 4/29/2026 – Spotify Technology had its price target lowered by Canaccord Genuity Group Inc. from $750.00 to $720.00. They now have a “buy” rating on the stock.
• 4/29/2026 – Spotify Technology had its price target lowered by JPMorgan Chase & Co. from $700.00 to $600.00. They now have an “overweight” rating on the stock.
• 4/29/2026 – Spotify Technology had its price target lowered by Benchmark Co. from $760.00 to $695.00. They now have a “buy” rating on the stock.
• 4/29/2026 – Spotify Technology had its price target lowered by The Goldman Sachs Group, Inc. from $670.00 to $600.00. They now have a “buy” rating on the stock.
• 4/29/2026 – Spotify Technology had its “market outperform” rating reaffirmed by Citizens Jmp. They now have a $600.00 price target on the stock, down from $800.00.
• 4/29/2026 – Spotify Technology had its price target lowered by Guggenheim from $600.00 to $565.00. They now have a “buy” rating on the stock.
• 4/29/2026 – Spotify Technology had its price target lowered by Wells Fargo & Company from $640.00 to $580.00. They now have an “overweight” rating on the stock.
• 4/29/2026 – Spotify Technology had its price target lowered by Cantor Fitzgerald from $525.00 to $430.00. They now have a “neutral” rating on the stock.
• 4/29/2026 – Spotify Technology had its price target lowered by Barclays PLC from $600.00 to $500.00. They now have an “overweight” rating on the stock.
• 4/29/2026 – Spotify Technology had its price target lowered by Pivotal Research from $420.00 to $400.00. They now have a “hold” rating on the stock.
• 4/29/2026 – Spotify Technology had its price target lowered by KeyCorp from $745.00 to $680.00. They now have an “overweight” rating on the stock.
• 4/29/2026 – Spotify Technology had its price target lowered by Rosenblatt Securities from $670.00 to $500.00. They now have a “buy” rating on the stock.
• 4/26/2026 – Spotify Technology was upgraded by Wall Street Zen from “hold” to “buy”.
• 4/18/2026 – Spotify Technology was downgraded by Wall Street Zen from “buy” to “hold”.
• 4/15/2026 – Spotify Technology had its price target raised by KeyCorp from $740.00 to $745.00. They now have an “overweight” rating on the stock.
• 4/13/2026 – Spotify Technology had its price target lowered by Wells Fargo & Company from $650.00 to $640.00. They now have an “overweight” rating on the stock.
• 4/13/2026 – Spotify Technology is now covered by Morgan Stanley. They set an “overweight” rating and a $630.00 price target on the stock.
• 4/8/2026 – Spotify Technology had its price target lowered by Barclays PLC from $650.00 to $600.00. They now have an “overweight” rating on the stock.
• 3/26/2026 – Spotify Technology is now covered by Daiwa Securities Group Inc.. They set an “outperform” rating and a $535.00 price target on the stock.

Insider Buying and Selling at Spotify Technology

In other Spotify Technology news, CEO Alex Norstrom sold 5,436 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 69,989 shares of the company’s stock, valued at $33,560,425.39. This trade represents a 7.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gustav Soderstrom sold 20,833 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $473.52, for a total value of $9,864,842.16. Following the completion of the sale, the chief executive officer directly owned 20,609 shares of the company’s stock, valued at $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 corporate insiders.

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.