Wolfe Research lifts Spotify Technology S.A [SPOT] price estimate. Who else is bullish?

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Spotify Technology S.A [NYSE: SPOT] closed the trading session at $637.65.

The stocks have a year to date performance of 42.53 percent and weekly performance of 6.68 percent. The stock has been moved at 61.83 percent over the last six months. The stock has performed 14.19 percent around the most recent 30 days and changed 16.13 percent over the most recent 3-months.

If compared to the average trading volume of 2.69M shares, SPOT reached to a volume of 1720017 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Spotify Technology S.A [SPOT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SPOT shares is $667.31 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SPOT stock is a recommendation set at 1.95. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wolfe Research have made an estimate for Spotify Technology S.A shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 21, 2025. While these analysts kept the previous recommendation, FBN Securities raised their target price to Sector Perform. The new note on the price target was released on March 28, 2025, representing the official price target for Spotify Technology S.A stock. Previously, the target price had yet another raise to $740, while China Renaissance analysts kept a Buy rating on SPOT stock. On March 11, 2025, analysts increased their price target for SPOT shares from 230 to 545.

The Average True Range (ATR) for Spotify Technology S.A is set at 34.09, with the Price to Sales ratio for SPOT stock in the period of the last 12 months amounting to 7.35. The Price to Book ratio for the last quarter was 19.38, with the Price to Cash per share for the same quarter was set at 42.57. Price to Free Cash Flow for SPOT in the course of the last twelve months was 46.04 with Quick ratio for the last quarter at 1.48.

SPOT stock trade performance evaluation

Spotify Technology S.A [SPOT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.68. With this latest performance, SPOT shares gained by 14.19% in over the last four-week period, additionally plugging by 61.83% over the last 6 months – not to mention a rise of 124.10% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SPOT stock in for the last two-week period is set at 60.52, with the RSI for the last a single of trading hit 63.47, and the three-weeks RSI is set at 58.49 for Spotify Technology S.A [SPOT]. The present Moving Average for the last 50 days of trading for this stock 574.05, while it was recorded at 614.97 for the last single week of trading, and 461.55 for the last 200 days.

Spotify Technology S.A [SPOT]: An insightful look at the core fundamentals

Spotify Technology S.A’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.48 and a Current Ratio set at 1.48.

Earnings per share (EPS) analysis for Spotify Technology S.A [SPOT] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SPOT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Spotify Technology S.A go to 42.46%.

Spotify Technology S.A [SPOT]: Institutional Ownership

The top three institutional holders of SPOT stocks are: BAILLIE GIFFORD & CO with ownership of 16.1 million shares, which is approximately 7.8169%. AUSTIN PRIVATE WEALTH, LLC, holding 12.0 million shares of the stock with an approximate value of $$377.0 in SPOT stocks shares; and AUSTIN PRIVATE WEALTH, LLC, currently with $$2.58 billion in SPOT stock with ownership which is approximately 3.9977%.