Spotify jumps as bullish analyst upgrade highlights margin upside

Spotify Technology (SPOT) is up 5.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied primarily to an upbeat analyst upgrade and price-target lift that emphasized improving profitability trends. With Spotify still trading in the wake of a recent earnings-driven reset, fresh “margin durability” commentary may have helped drive incremental buying.

Details:

A research firm upgraded Spotify to a Buy-equivalent rating and set a $586 price target, pointing to improving Premium gross margins.

The same call framed near-term AI-related disruption risk as manageable, which may have eased a key investor concern around music platforms.

Spotify’s most recent quarterly update featured a sharp improvement in profitability alongside continued user and subscriber growth, reinforcing the narrative that operating leverage is strengthening.

This could also be a momentum follow-through trade after the earlier earnings reaction, as investors reposition around renewed confidence in the company’s margin profile (speculation).

Sources:

Yahoo Finance, MarketWatch, Financial Times

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$SPOT Hedge Fund Activity

We have seen 590 institutional investors add shares of $SPOT stock to their portfolio, and 839 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC removed 2,401,477 shares (-46.0%) from their portfolio in Q4 2025, for an estimated $1,394,561,708
DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN added 952,094 shares (+101.5%) to their portfolio in Q4 2025, for an estimated $552,890,506
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 910,634 shares (+270.6%) to their portfolio in Q4 2025, for an estimated $528,814,270
WCM INVESTMENT MANAGEMENT, LLC removed 897,226 shares (-26.8%) from their portfolio in Q4 2025, for an estimated $521,028,110
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ removed 772,006 shares (-26.4%) from their portfolio in Q4 2025, for an estimated $448,311,604
D. E. SHAW & CO., INC. added 762,829 shares (+16633.9%) to their portfolio in Q4 2025, for an estimated $442,982,428
MARSHALL WACE, LLP added 730,981 shares (+831.0%) to their portfolio in Q4 2025, for an estimated $424,487,976

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$SPOT Congressional Stock Trading

Members of Congress have traded $SPOT stock 4 times in the past 6 months. Of those trades, 1 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $SPOT stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 3 times. They made 1 purchase worth up to $15,000 on 11/18 and 2 sales worth up to $30,000 on 12/24, 11/26.
REPRESENTATIVE VAL T. HOYLE sold up to $15,000 on 09/10.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$SPOT Analyst Ratings

Wall Street analysts have issued reports on $SPOT in the last several months. We have seen 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Barclays issued a "Overweight" rating on 01/20/2026
UBS issued a "Buy" rating on 01/09/2026
Citizens issued a "Market Outperform" rating on 12/17/2025
Benchmark issued a "Buy" rating on 11/05/2025
Argus Research issued a "Buy" rating on 09/29/2025
JP Morgan issued a "Overweight" rating on 09/29/2025

To track analyst ratings and price targets for $SPOT, check out Quiver Quantitative's $SPOT forecast page.

$SPOT Price Targets

Multiple analysts have issued price targets for $SPOT recently. We have seen 15 analysts offer price targets for $SPOT in the last 6 months, with a median target of $710.0.

Here are some recent targets:

Michael Morris from Guggenheim set a target price of $600.0 on 02/24/2026
Kannan Venkateshwar from Barclays set a target price of $650.0 on 02/11/2026
Deepak Mathivanan from Cantor Fitzgerald set a target price of $525.0 on 02/11/2026
Mark Mahaney from Evercore ISI Group set a target price of $700.0 on 02/11/2026
Justin Patterson from Keybanc set a target price of $720.0 on 02/09/2026
Eric Sheridan from Goldman Sachs set a target price of $700.0 on 01/23/2026
Mark Zgutowicz from Benchmark set a target price of $760.0 on 01/16/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.