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# Analysts give Spotify (NYSE:SPOT) an average “Moderate Buy” rating
- URL: https://www.hypebot.com/analysts-give-spotify-nysespot-an-average-moderate-buy-rating/
- Published: 2023-04-11T11:49:52.000Z
- Updated: 2023-04-11T11:49:56.000Z
- Description: Spotify Technology S.A. (NYSE:SPOT) has been given a consensus “Moderate Buy” recommendation from the twenty-three brokerages that cover the stock. Four analysts gave Spotify a hold recommendation, and twelve gave. Continue reading [https://www.hypebot.com/hypebot/2023/04/analysts-give-spotify-nyses
- Author: Bruce Houghton
- Tags: Music Business, Music Tech, Streaming, music industry, Spotify, #wp, #wp-post, #Import 2026-01-21 09:44

Spotify Technology S.A. (NYSE:SPOT) has been given a consensus “Moderate Buy” recommendation from the twenty-three brokerages that cover the stock.

Four analysts gave Spotify a hold recommendation, and twelve gave it a buy recommendation. The average 12-month target price is $132.78, according to [MarketBeat](https://www.marketbeat.com/instant-alerts/nyse-spot-consensus-analyst-rating-2023-04-11/?ref=hypebot.com).

Overall, updates on Spotify from analysts have been positive in recent months.

Spotify stock is set to open at $132.25 Tuesday, near its target price and up from $81.90 near the start of 2023.

**Bruce Houghton* is the Founder and Editor of [Hypebot](https://www.hypebot.com/) and [MusicThinkTank](http://www.musicthinktank.com/?ref=hypebot.com), a Senior Advisor at [Bandsintown](https://www.bandsintown.com/?ref=hypebot.com), President of the[ Skyline Artists Agency](https://skylineonline.com/?ref=hypebot.com), and a professor for the [Berklee College Of Music](https://online.berklee.edu/courses/touring-101?ref=hypebot.com).*