---
title: "These Analysts Revise Their Forecasts On Spotify After Q2 Results"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294975951.md"
description: "Spotify reported Q2 earnings and revenue below estimates, with weak Q3 MAU guidance. Consequently, analysts revised price targets: Rosenblatt lowered its target to $527, while Cantor Fitzgerald raised it to $530. Despite the miss, shares rose 1.7% in pre-market trading."
datetime: "2026-08-05T13:23:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294975951.md)
  - [en](https://longbridge.com/en/news/294975951.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294975951.md)
generator: "portal-rs"
---

# These Analysts Revise Their Forecasts On Spotify After Q2 Results

**Spotify Technology S.A.** (NYSE:SPOT) on Tuesday reported second-quarter results that missed Wall Street earnings and revenue estimates and issued downbeat third-quarter guidance for monthly active users.

The company posted second-quarter earnings of $3.03 per share, missing the analyst consensus estimate of $3.29. Revenue increased 14% year over year to $5.554 billion (4.78 billion euros), below the Street estimate of $5.600 billion.

For the third quarter, Spotify expects revenue of 5.0 billion euros, or about $5.813 billion, above the analyst consensus estimate of $5.770 billion.

The company expects Premium subscribers to reach 305 million, implying net additions of about 5 million. Monthly active users are projected to increase to 788 million, below analysts’ estimate of 793 million.

Spotify shares rose 1.7% to $486.05 in pre-market trading.

These analysts made changes to their price targets on Spotify following earnings announcement.

-   Rosenblatt analyst Barton Crockett maintained the stock with a Neutral and lowered the price target from $531 to $527.
-   Cantor Fitzgerald analyst Deepak Mathivanan maintained the stock with a Neutral and raised the price target from $510 to $530.

**Considering buying SPOT stock? Here’s what analysts think:**

*Photo via Shutterstock*

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**