Spotify Technology (SPOT.US) Price Target 2026/2027: 30% Upside – Rating and Stock Analysis

475,60
-1,37%
Price history for Spotify Technology (SPOT.US) – stock price at 475.60 $, August 2026
Spotify Technology stock price – price development 2026. Updated Aug 6, 2026.
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Spotify Technology Price Target 2026: Analysts See 28% Upside

The average price target for Spotify Technology is $607.35. This price target represents the analysts' view of the stock price over the next 12 months. The stock may be undervalued, because the price target is higher than the current price. The stock is 27,70% below the target, which can point to potential returns within the next 12 months if the analysts' view proves right. Also consider the stock's valuation ratios such as P/E, P/S and P/B, plus the technical analysis further down the page, for the full picture.

Is Spotify Technology overvalued or undervalued?

Spotify Technology is currently undervalued with a gap of 27.7% relative to the price target.


The current price is $475.60, which places Spotify Technology in the undervalued category. The stock is considered undervalued when the price is below $546.62, and overvalued when the price exceeds $668.09.


The fair value range is defined as ±10% of the price target, because price targets are estimates rather than exact values. For Spotify Technology, the fair value range lies between $546.62 and $668.09.


See the full price target analysis for Spotify Technology →

Analyst Ratings for Spotify Technology stock in 2026: Buy

40 analysts cover Spotify Technology. The majority is positive, with 62.5% recommending Buy, while 32.5% recommend Hold. The average price target is $607.35, which gives an upside of 27.7% from the current price.

Consensus: Buy (4.05/5)
Strong Buy
19 (47.5%)
Buy
6 (15%)
Hold
13 (32.5%)
Sell
2 (5%)
Strong Sell Sell Hold Buy Strong Buy
4.05 out of 5 based on 40 analysts

About Spotify Technology – Internet Content & Information

Spotify driver en global streamingtjeneste, hvor de tilbyder musik og podcasts. De tjener penge på to måder: dels via Premium-abonnementer, hvor kunderne betaler for reklamefri adgang, og dels via reklamer, som de sælger til brugere, der streamer gratis. Spotify giver adgang til hele deres katalog på både computere, tablets og mobiler. De startede i 2006 og er i dag aktive i 184 lande. De havde ved udgangen af 2021 over 406 millioner månedlige brugere. Udover selve streamingtjenesten udvikler Spotify også salg, marketing og kundesupport. Read more about the company

Key Figures for Spotify Technology

$ 98,3B Market cap
$ 17,5B Revenue
Internet Content & Information Industry
32.14 P/E
5.61 P/S
11.19 P/B
USA Listed on exchange

What kind of stock is Spotify Technology?

Growth stock Quality stock

Spotify Technology is classified as a growth stock and quality stock. This means the stock combines several attractive traits, strong financial health (Piotroski 8/9).

Score Overview for Spotify Technology

💰 Value Score 30/100 (Low)
⭐ Quality Score 82/100 (Very High)
🚀 Momentum Score 29/100 (Low)
📊 Total Score 47/100

📈 Valuation

Spotify Technology trades at a P/E ratio of 32.1, which is above the market average. The forward P/E is 34.6. The P/S ratio is 5.6 (high — the market pays a premium for the revenue). The P/B ratio is 11.2. The PEG ratio is 1.73.

💵 Profitability & Growth

Spotify Technology has a profit margin of 15.5% (solid) and an operating margin of 15.8%. Return on equity (ROE) is 38.0% — excellent return on equity. Return on assets (ROA) is 11.6%. The latest quarterly earnings grew 222.4% year over year — strong growth.

🏦 Financial Health

The Piotroski score is 8 out of 9 — excellent financial health. Altman Z2 is 5.56 (healthy balance sheet — low risk). The debt-to-equity ratio (D/E) is 117.3% — moderate debt.

🚀 Momentum & Short Interest

Short interest is 4.15%.

Insider Trading in Spotify Technology 2026: The Signal Is negative

In 2026, insiders at Spotify Technology have made 20 transactions, all of which were sales. On a net basis, insiders took 44,856,198 $ out of the stock. Active insiders include Soderstrom Gustav, Norstrom Alex, Lundstrom Anna and others. In the short term (last 3 months), the insider signal is negative.

Short-Term Signal (3 months): Negative

Insiders have exclusively sold shares over the last 3 months.

Over the last 3 months: 0 purchases and 20 sales. A net 44,856,198 $ out of the stock.

Long-Term Signal (all transactions): Negative

Insiders have exclusively sold shares in the recent period. This can suggest management sees limited opportunity.

Across the last 20 transactions: 0 purchases and 20 sales. A net 44,856,198 $ out of the stock.

Latest sale: Soderstrom Gustav sold 20,833 shares at 512 $ each on 2026-08-03.

Who is selling: Soderstrom Gustav, Norstrom Alex, Lundstrom Anna, Luiga Christian, Jenkins Dustee and others.

Latest Insider Trades in Spotify Technology (2026)

The table shows the last 20 reported insider transactions in Spotify Technology. Green rows are purchases, red rows are sales. The data is based on official filings.

Transaction date Name Type Number of shares Price per share ($) Total amount ($)
2026-08-03 Soderstrom Gustav Sell 20,833 512 10,658,996
2026-08-03 Norstrom Alex Sell 5,436 506 2,750,833
2026-08-01 Soderstrom Gustav Sell 116 500 57,993
2026-08-01 Norstrom Alex Sell 808 500 403,952
2026-08-01 Lundstrom Anna Sell 443 500 221,473
2026-08-01 Luiga Christian Sell 315 500 157,481
2026-08-01 Jenkins Dustee Sell 559 500 279,466
2026-07-06 Soderstrom Gustav Sell 20,833 486 10,121,088
2026-07-06 Norstrom Alex Sell 5,436 486 2,641,896
2026-07-01 Soderstrom Gustav Sell 116 459 53,259

Who is buying and selling Spotify Technology shares in 2026?

The following insiders have sold shares: Soderstrom Gustav, Norstrom Alex, Lundstrom Anna, Luiga Christian, Jenkins Dustee and others. In total, 44,856,198 $ was sold across 20 transactions. Insider trades are legal transactions in which executives and board members buy or sell shares of their own company. These transactions are reported to the SEC and are publicly available.

Spotify Technology Short Selling 2026: 4.2% Sold Short

Moderate short interest: 4.2% of the free float
Short % of free float
4.2%
Assessment
Moderate short interest
Short squeeze risk
Low
Data source
SEC
Updated daily
The stock has a moderate share of short selling. Between 2-5% of the freely traded shares are sold short, which is within the normal range for most stocks.

Data is updated daily based on official filings with the SEC.
Short Interest Scale
0% 2% 5% 10% 20%+
Low Moderate High Very High Extreme
4.2%

When Does Spotify Technology Report Earnings?

The next earnings date for Spotify Technology is not yet available. Check the company's investor calendar for more information.



Technical Analysis of Spotify Technology 2026 – Signal: Sell

Overall Technical Signal: Sell

Based on trend analysis (SMA50/SMA200) and MACD trend (positive/negative on a daily + weekly basis). Updated August 6, 2026.

Technical analysis of Spotify Technology (SPOT.US) – RSI 48, MACD positive (bullish), daily candlestick chart August 2026
Spotify Technology technical analysis – candlestick chart with RSI and MACD. Updated Aug 6, 2026.

Trend Analysis of Spotify Technology S.A

Spotify Technology S.A is in a short-term downtrend. The price of $482.23 is 1.4% below the 20-day average ($488.85). Medium term, the picture is negative: the price is 0.7% below the 50-day average ($485.57). Long term, the stock is 7.4% below the 200-day average ($520.91), which signals a long-term downtrend.

Death Cross: The 50-day average (485.57) is below the 200-day average (520.91), which is a classic bearish signal for Spotify Technology S.A.

Is Spotify Technology S.A overbought or oversold?

Spotify Technology S.A has an RSI of 47.9, right in the middle of the neutral zone. There is no clear buying or selling pressure.

MACD Analysis for Spotify Technology S.A

Daily MACD: MACD is positive (3.882), which means the short-term trend is bullish (the 12-day EMA is above the 26-day EMA). MACD is below the signal line (5.203) by 1.321, which suggests the positive momentum is fading – the trend could be turning.

Weekly MACD: MACD5 is negative (-14.809), which indicates a broader bearish long-term trend. MACD5 is above the signal line (-22.757) by 7.948, which suggests the negative long-term momentum is fading – a bigger trend reversal could be ahead.

Overall MACD assessment: The daily and weekly MACD give conflicting signals. The short-term trend is bullish, but the long-term trend is still bearish. Weekly momentum is rising, though, which could signal an upcoming trend reversal.

Risk Profile for Spotify Technology S.A

Spotify Technology S.A has an annual standard deviation of 43.2%, which classifies the stock as medium risk. The price can swing noticeably when the market moves.

Overall Technical Conclusion for Spotify Technology S.A

Trend: Negative. The price trades below SMA50 and SMA200.

MACD trend (zero line): Daily bullish (3.882). Weekly bearish (-14.809).

MACD momentum (signal): Daily falling. Weekly rising.

RSI: 47.9 – neutral.

Technical signal: Sell

The trend is negative and MACD is below the zero line, which confirms the bearish momentum. Consider reducing the position or setting a stop-loss.

Frequently Asked Questions About Spotify Technology stock in 2026

Should you buy Spotify Technology stock now?
No, the technical signal for Spotify Technology is currently SELL. Spotify Technology trades at $475.60 as of 8/6/2026. The overall technical signal is: Sell. The technical analysis shows the following: MACD is positive (bullish trend) at 3.882 with falling momentum (signal: 5.203); RSI is at 47.9 (neutral zone); the stock is in a short-term downtrend (price below the 20-day average); the analyst price target of $607.35 points to 27.7% upside. The stock is in a broader downtrend (below SMA50/SMA200). Buying in a downtrend is generally not recommended. This is a technical observation based on current data, not investment advice.
What is the price target for Spotify Technology stock?
The average analyst price target for Spotify Technology is $607.35. The current price is $475.60, which gives an upside of 27.7%. Based on this, the stock is considered undervalued. The fair value range (±10% of the price target) is between $546.62 and $668.09.
Is Spotify Technology a dividend stock?
No, Spotify Technology does not currently pay a dividend to shareholders. The company reinvests its profits in growth instead of paying dividends.
What is the risk of Spotify Technology stock?
Spotify Technology is rated as a stock with moderate risk. the annual standard deviation is 43.2%, which classifies the stock as moderate risk.
Is Spotify Technology overvalued?
No, Spotify Technology is considered undervalued based on the analyst price target (27.7% upside). Spotify Technology has the following valuation ratios: a P/E ratio of 32.1 (highly valued), a P/S ratio of 5.6, a P/B ratio of 11.2. The analyst price target suggests that the stock is undervalued by 27.7%.
Is Spotify Technology overbought?
No, Spotify Technology is not overbought. RSI is at 47.9 (neutral zone). The technical indicators show: RSI is at 47.9 (neutral zone between 30-70), which signals neither overbought nor oversold. In addition, the price is 2.7% below the 20-day average (short-term downtrend). In addition, MACD is positive, but momentum is falling.
When is the next Spotify Technology earnings report?
The date of the next earnings report for Spotify Technology has not been published yet. Check the company's investor calendar for updates.
Is Spotify Technology shorted?
Yes, Spotify Technology is shorted with 4.2% of the free float sold short. This is a moderate level of short selling, within the normal range for most stocks. Data is updated daily based on official filings with the SEC.
Are insiders buying Spotify Technology stock?
No, insiders are not buying Spotify Technology shares – they are net sellers. Over the last 3 months, insiders have made 0 purchases and 20 sales. On a net basis, 44,856,198 $ worth of shares were sold. Across the last 20 reported transactions, the split is 0 purchases and 20 sales, with a net 44,856,198 $ sold. Active sellers include Soderstrom Gustav, Norstrom Alex, Lundstrom Anna and others. Insider selling can have several explanations (e.g. planned 10b5-1 sales, portfolio diversification or taxes), but sustained selling by several insiders is worth watching closely.
Is Spotify Technology a good stock?
Based on our total score, Spotify Technology is rated as a mediocre stock with a total score of 47 out of 100. The stock scores around average on value, quality and momentum – it sits near the median in our database. The score is made up of Value: 30/100, Quality: 82/100, Momentum: 29/100. In addition: analysts see 27.7% upside to the price target; technical signal: Sell. Whether Spotify Technology is a good investment depends on your time horizon, risk profile and portfolio. This is a data-driven observation, not investment advice.
What is the outlook for Spotify Technology stock?
The outlook for Spotify Technology based on current data: the average analyst price target is $607.35 (+27.7%); the stock is in a downtrend (below SMA50 and SMA200); the P/E ratio is 32.1 (high – the market expects growth). Keep in mind that stock prices are affected by many factors, including earnings reports, the economy and market sentiment. Past returns are no guarantee of future returns.
Why is Spotify Technology stock falling?
Spotify Technology is falling right now. The technical indicators show: the price is 2.7% below the 20-day average; insiders have mostly been selling the stock recently. For the latest context, see our technical analysis, insider section and news overview above.
How high can Spotify Technology go?
The average analyst price target for Spotify Technology is $607.35, which corresponds to a potential gain of 27.7% from the current price of $475.60. Keep in mind that price targets are estimates, not guarantees. Actual price moves depend on earnings, market conditions and unexpected events.
How low can Spotify Technology fall?
We lack enough history to give a specific floor for Spotify Technology. Remember: past price swings are no guarantee for the future — a stock can fall further than the last 52 weeks suggest, especially on profit warnings, sector crises or a market crash. Use stop-loss orders and spread your portfolio to limit losses in single stocks.
What does Spotify Technology do?
Spotify driver en global streamingtjeneste, hvor de tilbyder musik og podcasts. De tjener penge på to måder: dels via Premium-abonnementer, hvor kunderne betaler for reklamefri adgang, og dels via reklamer, som de sælger til brugere, der streamer gratis. Spotify giver adgang t... The company belongs to the Kommunikation sector, more specifically the Internet Content & Information industry, is headquartered in USA, and is traded on the USA Stocks. See the key figures, earnings history and price development above to evaluate Spotify Technology as an investment.
Did Spotify Technology raise or lower its guidance?
Over the last 60 days we have not registered a guidance raise or cut from Spotify Technology. The company can still adjust its guidance at quarterly reports or between reports — see the earnings history and the news overview above.
Is Spotify Technology making money or losing money?
Yes, Spotify Technology is making money, not losing it. The company has a profit margin (the share of revenue left over as profit) of 15.5% — which is solid. The operating margin (profit before interest and taxes) is 15.8%. At a P/E ratio of 32.1, you currently pay 32.1 dollars for every dollar of the company's annual earnings. A consistently profitable company is usually more resilient than growth stocks that are not yet making money.
Can Spotify Technology go bankrupt?
The bankruptcy risk of Spotify Technology is rated as low. Altman Z2 (a model for assessing financial distress) is 5.56 — that places the company in the healthy zone. The company has a healthy balance sheet with limited debt relative to earnings and assets. The Piotroski score (financial health 0-9, higher is better) is 8 — which is strong. Debt relative to equity is 117% (moderate). Remember: models like Altman Z2 are statistical — unexpected shocks (fraud, a sector collapse, lawsuits) can always happen. Spread your portfolio.
Does Spotify Technology have a lot of debt?
Spotify Technology has moderate debt relative to equity. The debt-to-equity ratio (D/E — interest-bearing debt to equity) is 117%. For the kommunikation sector, 80-150% counts as a typical level. Note: D/E levels are highly sector-specific — a bank at 300% debt is normal, a tech stock at 300% is extremely leveraged. Always compare with similar companies in the same sector. Can Spotify Technology service its debt? Can service its debt without problems — the interest coverage ratio (how many times earnings can cover interest payments) is 134.9x, and the company has more cash than debt (net cash).