Analyst Price Target is $309.13
▲ +27.13% Upside Potential
This price target is based on 25 analysts offering 12 month price targets for Spotify Technology in the last 3 months. The average price target is $309.13, with a high forecast of $425.00 and a low forecast of $170.00. The average price target represents a 27.13% upside from the last price of $243.17.
Current Consensus is
The current consensus among 25 contributing investment analysts is to hold stock in Spotify Technology. This rating has held steady since May 2020, when it changed from a Buy consensus rating.
Spotify Technology SA is a digital music service offering music fans instant access to a world of music. The company operates through the following segments: Premium and Ad-Supported. The Premium segment provides subscribers with unlimited online and offline high-quality streaming access of music and podcasts on computers, tablets, and mobile devices, users can connect through speakers, receivers, televisions, cars, game consoles, and smart watches. It also offers a music listening experience without commercial breaks. The Ad-Supported segment provides users with limited on-demand online access of music and unlimited online access of podcasts on their computers, tablets, and compatible mobile devices. It also serves both premium subscriber acquisition channel and a robust option for users who are unable or unwilling to pay a monthly subscription fee but still want to enjoy access to a wide variety of high-quality audio content. The company was founded by Daniel Ek and Martin Lorentzon in April, 2006 and is headquartered in Luxembourg.