Spotify Technology (NYSE:SPOT) Given New $650.00 Price Target at JPMorgan Chase & Co.

Posted by Scott Moore on May 22nd, 2026

Spotify Technology (NYSE:SPOT – Get Free Report) had its price objective hoisted by research analysts at JPMorgan Chase & Co. from $600.00 to $650.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 25.25% from the company’s previous close.

SPOT has been the subject of a number of other reports. Morgan Stanley upped their price target on shares of Spotify Technology from $590.00 to $610.00 and gave the company an “overweight” rating in a report on Friday. Canaccord Genuity Group cut their price objective on Spotify Technology from $750.00 to $720.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Barclays increased their target price on Spotify Technology from $500.00 to $565.00 and gave the company an “overweight” rating in a research note on Friday. Benchmark dropped their price target on Spotify Technology from $760.00 to $695.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Finally, Arete Research raised Spotify Technology from a “neutral” rating to a “buy” rating and set a $586.00 price objective for the company in a research report on Thursday, February 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $652.46.

Read Our Latest Report on SPOT

Spotify Technology Stock Performance

Shares of NYSE SPOT traded up $29.02 during mid-day trading on Friday, reaching $518.95. 4,103,456 shares of the company traded hands, compared to its average volume of 2,669,841. The company’s fifty day moving average is $479.71 and its two-hundred day moving average is $523.90. Spotify Technology has a fifty-two week low of $405.00 and a fifty-two week high of $785.00. The stock has a market cap of $106.84 billion, a PE ratio of 41.36, a price-to-earnings-growth ratio of 1.05 and a beta of 1.55.

Spotify Technology (NYSE:SPOT – Get Free Report) last announced its earnings results on Tuesday, April 28th. The company reported $4.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.63. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.The firm had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the prior year, the business earned $1.07 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis. Research analysts forecast that Spotify Technology will post 14.87 earnings per share for the current year.

Insider Buying and Selling at Spotify Technology

In other Spotify Technology news, CEO Gustav Soderstrom sold 20,833 shares of the business’s stock in a transaction 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 sale, the chief executive officer owned 20,609 shares of the company’s stock, valued at $9,758,773.68. The trade was a 50.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Alex Norstrom sold 5,436 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $479.51, for a total transaction of $2,606,616.36. Following the completion of the transaction, the chief executive officer owned 69,989 shares of the company’s stock, valued at approximately $33,560,425.39. This represents a 7.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 47,102 shares of company stock valued at $21,444,648. 0.40% of the stock is owned by company insiders.

Institutional Trading of Spotify Technology

Several institutional investors have recently bought and sold shares of SPOT. State Street Corp boosted its stake in shares of Spotify Technology by 1.9% in the 4th quarter. State Street Corp now owns 4,712,249 shares of the company’s stock valued at $2,736,450,000 after purchasing an additional 89,951 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Spotify Technology by 4.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,869,472 shares of the company’s stock valued at $2,247,042,000 after buying an additional 149,479 shares in the last quarter. Capital World Investors grew its stake in 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 buying an additional 133,108 shares during the last quarter. Fisher Asset Management LLC grew its stake in 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 buying an additional 62,887 shares during the last quarter. Finally, Coatue Management LLC increased its holdings 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 buying an additional 647,708 shares in the last quarter. Institutional investors and hedge funds 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: Wells Fargo raised its price target on Spotify to $600 and reiterated an overweight rating, signaling confidence in further upside. Wells Fargo raises Spotify price target to $600
Positive Sentiment: Citizens JMP lifted its target to $625 with a market outperform rating, while Barclays, Morgan Stanley and Rosenblatt also increased targets, reinforcing a broadly bullish analyst tone. Citizens JMP raises Spotify price target
Positive Sentiment: Investors reacted positively to Spotify’s Investor Day, where management outlined long-term financial targets, including mid-teens revenue growth and gross margins of 35% to 40% by 2030. Spotify stock pops on guidance at first investor day since 2022
Positive Sentiment: New AI-related product and licensing announcements, including a deal with Universal Music for fan-made AI covers and remixes, suggest fresh monetization opportunities and have helped fuel the rally. Spotify strikes deal with Universal Music to let premium users create AI covers, remixes
Neutral Sentiment: Spotify also unveiled new AI tools for podcasts, audiobooks, and fan engagement features, broadening its platform but with uncertain near-term financial impact. Spotify adds AI-powered Q&A and briefing generation features to podcasts
Negative Sentiment: One recent note flagged weaker advertising trends as a concern, which could weigh on sentiment if ad growth continues to lag expectations. Spotify: Weaker Advertising Trends Are Becoming A Concern

About Spotify Technology

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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.