Here’s What Wall Street Has to Say About Spotify Technology (SPOT)

Company Overview - Spotify Technology S.A. (NYSE:SPOT) is a global audio streaming company with over 600 million monthly active users, making it the largest music streaming service by market share [4] Investment Ratings - Benjamin Swinburne from Morgan Stanley reiterated a Buy rating on Spotify but lowered the price target from $800 to $775 [1] - Matthew Condon from Citizen JPM initiated coverage with a Buy rating and a price target of $800 [1] Industry Outlook - The Media and Entertainment sector is expected to enter 2026 strongly, supported by solid fundamentals and momentum [2] - Companies insulated from AI disruptions are anticipated to perform the best, benefiting from increased demand for premium experiences [2] Company Strengths - Spotify's multi-vertical platform includes music, podcasts, video podcasts, and audiobooks, which is seen as a key driver for revenue and free cash flow growth [3] - The platform is recognized for ongoing product innovation, advanced personalization, and broad accessibility across devices, supporting sustained user growth and providing a significant pricing edge [3]