BNP Paribas Exane Initiates Spotify Technology S.A. (SPOT) Coverage With Outperform Rating

Spotify Technology S.A. (NYSE:SPOT) is among the Renaissance Technologies Portfolio: 10 Biggest Stocks. On September 16, BNP Paribas Exane initiated coverage of the stock with an Outperform rating and announced a price target of $900 for its shares.

BNP Paribas Exane Initiates Spotify Technology S.A. (SPOT) Coverage With Outperform Rating

The firm highlighted the company’s status as a global market leader against rival firms in the segment in its analysis. It also noted that despite historical challenges with profitability, Spotify Technology S.A. (NYSE:SPOT) has transformed into a quality business and attractive investment, due to its recent strategic decisions and product mix.

Overall, Wall Street analysts maintain a bullish position on the stock, with a consensus Buy rating and a one-year average share price target of $753.75, representing a 5% upside potential.

Spotify Technology S.A. (NYSE:SPOT) provides audio streaming subscription services worldwide. The stock has had impressive returns in 2025, gaining 61% year-to-date, as of the close of business on September 23.

While we acknowledge the risk and potential of SPOT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SPOT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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