Spotify Technology Market Sentiment

Bulls vs Bears

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Date	Firm	Analyst & Accuracy	Upside / Downside	PT Change	Action	Rating
Aug 13, 2026	Argus Research	Joseph Bonner—	+7.5%	$600 → $600	Maintained	Buy
Aug 5, 2026	Cantor Fitzgerald	Deepak Mathivanan—	-5.1%	$510 → $530	Maintained	Neutral
Aug 5, 2026	Guggenheim	Michael Morris—	+1.2%	$565 → $565	Maintained	Buy
Aug 5, 2026	Rosenblatt	Barton Crockett—	-5.6%	$531 → $527	Maintained	Neutral
Jul 22, 2026	Benchmark	Mark Zgutowicz—	+16.4%	$695 → $650	Maintained	Buy
Jul 10, 2026	UBS	Batya Levi—	+23.6%	$735 → $690	Maintained	Buy
Jul 9, 2026	Wells Fargo	Steven Cahall—	+2.1%	$600 → $570	Maintained	Overweight
Jul 9, 2026	Rosenblatt	Barton Crockett—	-4.9%	$534 → $531	Maintained	Neutral
May 26, 2026	Cantor Fitzgerald	Deepak Mathivanan—	-6.9%	$430 → $520	Maintained	Neutral
May 22, 2026	JP Morgan	Doug Anmuth—	+16.4%	$600 → $650	Maintained	Overweight
May 22, 2026	Wells Fargo	Steven Cahall—	+7.5%	$580 → $600	Maintained	Overweight
May 22, 2026	Citizens	Matthew Condon—	+12.0%	$600 → $625	Maintained	Market Outperform
May 22, 2026	Barclays	Kannan Venkateshwar—	+1.2%	$500 → $565	Maintained	Overweight
May 22, 2026	Morgan Stanley	Manan Gosalia—	+9.3%	$590 → $610	Maintained	Overweight
May 22, 2026	Rosenblatt	Barton Crockett—	-4.3%	$500 → $534	Maintained	Neutral
Apr 30, 2026	UBS	Batya Levi—	+31.7%	$760 → $735	Maintained	Buy
Apr 29, 2026	JP Morgan	Doug Anmuth—	+7.5%	$700 → $600	Maintained	Overweight
Apr 29, 2026	Canaccord Genuity	Maria Ripps—	+29.0%	$750 → $720	Maintained	Buy
Apr 29, 2026	Benchmark	Mark Zgutowicz—	+24.5%	$760 → $695	Maintained	Buy
Apr 29, 2026	Goldman Sachs	Eric Sheridan—	+7.5%	$670 → $600	Maintained	Buy
Apr 29, 2026	Guggenheim	Michael Morris—	+1.2%	$600 → $565	Maintained	Buy
Apr 29, 2026	Citizens	Matthew Condon—	+7.5%	$800 → $600	Maintained	Market Outperform
Apr 29, 2026	Wells Fargo	Steven Cahall—	+3.9%	$640 → $580	Maintained	Overweight
Apr 29, 2026	Barclays	Kannan Venkateshwar—	-10.4%	$600 → $500	Maintained	Overweight
Apr 29, 2026	Cantor Fitzgerald	Deepak Mathivanan—	-23.0%	$525 → $430	Maintained	Neutral

Date

Firm

Analyst & Accuracy

Upside / Downside

PT Change

Action

Rating

Aug 13, 2026

Argus Research

Joseph Bonner—

+7.5%

$600 → $600

Maintained

Buy

Aug 5, 2026

Cantor Fitzgerald

Deepak Mathivanan—

-5.1%

$510 → $530

Maintained

Neutral

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