Citi Upgrades Spotify (SPOT) To Buy Citing Price Hikes, Accelerating Buybacks

3 weeks ago 12

Maham Fatima

Thu, February 5, 2026 astatine 6:19 AM CST 2 min read

Spotify Technology (NYSE:SPOT) is 1 of the stocks that should treble by 2030. On January 30, Citi upgraded Spotify to Buy from Neutral with an unchanged terms people of $650. The stock’s valuation is present attractive, and statement estimates are beatable. Citi sees catalysts for Spotify shares owed to terms increases and accelerating buybacks.

On January 27, MoffettNathanson began sum of Spotify with a Neutral standing and a $487 terms target. The steadfast noted that 15 years aft the emergence of euphony streaming, developed markets person reached important saturation, signaling that the epoch of accelerated subscriber maturation is ending. Consequently, the steadfast believes the adjacent signifier of the company’s improvement volition absorption chiefly connected pricing. The steadfast further suggested that determination is simply a important accidental for terms increases wrong the existent marketplace landscape.

Citi Upgrades Spotify (SPOT) To Buy Citing Price Hikes, Accelerating Buybacks

Additionally, connected January 20, Barclays reduced the firm’s terms people for Spotify to $625 from $700 and kept an Overweight rating. The steadfast noted that though tactical issues are presently impacting some Disney and Spotify, it anticipates that some companies volition beryllium semipermanent winners arsenic the media manufacture undergoes important transformations.

Spotify Technology (NYSE:SPOT), unneurotic with its subsidiaries, provides audio streaming subscription services worldwide. It has 2 segments: Premium and Ad-Supported.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.