- Spotify plans to increase subscription prices by about €1 in Europe and Latin America, while the U.S. remains unaffected.
- Analysts offer an average price target of $629.38 for Spotify Technology SA, suggesting a potential upside of 1.39%.
- GuruFocus estimates a significant downside for Spotify, with an expected GF Value of $249.57, indicating a potential 59.79% decrease.
Spotify (SPOT, Financial) is reportedly gearing up to raise its subscription prices by approximately €1 in various European and Latin American markets this summer. Notably, these adjustments will not impact the U.S. market. Recent hikes have already taken effect in the Netherlands and Luxembourg, with additional increments expected shortly.
Wall Street Analysts’ Price Targets
According to forecasts from 36 analysts, Spotify Technology SA (SPOT, Financial) features an average price target of $629.38. This includes a high estimate of $728.94 and a low estimate of $372.86. The average target reflects a modest upside potential of 1.39% from the current share price of $620.72. For further in-depth projections, explore the Spotify Technology SA (SPOT) Forecast page.
Brokerage Firms’ Consensus Recommendations
Spotify Technology SA (SPOT, Financial) maintains an average brokerage recommendation of 2.2 based on insights from 39 brokerage firms, suggesting an "Outperform" status. The recommendation scale ranges from 1 to 5, where 1 signifies a Strong Buy and 5 represents a Sell.
Assessing Spotify’s GF Value
GuruFocus estimates indicate that Spotify Technology SA (SPOT, Financial) might experience a downside, with an anticipated GF Value of $249.57 in one year. This implies a potential 59.79% decrease from the current price of $620.72. The GF Value represents GuruFocus' calculation of the fair stock value, derived from historical multiples, past business growth, and predicted future performance. To access more nuanced insights, visit the Spotify Technology SA (SPOT) Summary page.
