Oppenheimer Lowers Its PT on Spotify Technology (SPOT) from $825 to $750, Reiterates ‘Outperform’ Rating

Spotify Technology S.A. (NYSE:SPOT) is one of the best stocks to buy right now.

Oppenheimer Lowers Its PT on Spotify Technology (SPOT) from $825 to $750, Reiterates ‘Outperform’ Rating

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Analysts continue to stay confident in the company’s long-term outlook despite making adjustments to the short-term expectations. On January 14, 2026, Oppenheimer revisited Spotify Technology S.A. (NYSE:SPOT), lowering its price target from $825 to $750 while reiterating an ‘Outperform’ rating. The firm reduced its target due to a softer short-term outlook. However, it remains confident in the long-term fundamentals. Looking ahead, the firm believes Spotify boasts the largest user runway in large-cap Internet, alongside significant pricing power.

Another analyst update came from UBS on January 9, 2026, when it lowered its price target on Spotify Technology S.A. (NYSE:SPOT) from $850 to $800, while reiterating a ‘Buy’ rating. This followed Guggenheim’s January 8, 2026, update, where the firm lowered its price target on the stock from $800 to $750, while maintaining a ‘Buy’ rating. The firm reduced the target due to modestly lower estimates, as it reduced its 2026 revenue and EBITDA growth forecasts by 1% and 2%, respectively. The firm’s estimates reflect a later-than-expected U.S. price increase rather than softening demand fundamentals.

Meanwhile, on January 8, 2026, Cantor Fitzgerald reduced its price target on Spotify Technology S.A. (NYSE:SPOT) from $675 to $615, while reiterating a ‘Neutral’ rating. The firm sees a broader constructive setup for Global Internet stocks in 2026, with AI entering a synergy phase, which is expected to drive improved monetization and returns on capex. However, the firm remains cautious on Spotify specifically.

Spotify Technology S.A. (NYSE:SPOT) operates a global digital audio platform that offers music and podcasts through a subscription-based model.

While we acknowledge the potential of SPOT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SPOT and that has 100x upside potential, check out our report about this cheapest AI stock.

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