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Argus

Argus

•

Oct 27, 2026

Spotify Technology S.A.: Raising target price to $700

Symbols

SPOT

Sector(s)

Communication Services

Rating

Earnings Estimate

Current Price

$593.44

Price Target

Summary

Spotify is the largest global music streaming subscription service, with content from across music genres, podcasts, and audiobooks, reaching over 180 countries and territories, though it is barred from China. The company went public through a direct listing on April 3, 2018, at

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Analyst Profile

Joseph F. Bonner, CFA

Senior Analyst: Communication Services & Technology

Joe covers the Communication Services sector and selected software technology stocks for Argus. In 2010, he was named #5 Stock Picker for Telecom Services in the Wall Street Journal's Best on the Street Analyst Survey. In 2008, Joe was named #1 Stock Picker for Media: U.S. by the Financial Times and was second in the Wall Street Journal's Best on the Street Analyst Survey for Telecommunications: Fixed Line. For more than a decade, Joe worked with Technicolor Inc., where he focused on financial and legal issues. He received his Masters in Business Administration from Fordham University in New York, where he concentrated in Finance. He earned a BA in International Affairs from the George Washington University, and spent three years with the Peace Corps in Talgar, Kazakhstan, developing an English Language resource center and teaching students. Joe is a CFA charterholder.

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