# Piper Sandler Starts Spotify Coverage With Neutral Rating, $540 Target

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/28267
Published: 2026-10-08T15:49:07.000Z
Updated: 2026-10-08T15:49:07.000Z
Section: Investing

> The firm viewed Spotify Technology S.A. as a leading product in a sizable market but said a catalyst is needed for a more positive stance.

Piper Sandler began covering Spotify Technology S.A. with a Neutral rating and a $540 price target, viewing the streaming company as a strong product in a sizable market while waiting for a catalyst to support a more positive stance.

The initiation places Spotify’s shares under a neutral outlook as Piper Sandler evaluates the company’s position in the streaming market. The firm’s assessment recognized Spotify’s product strength but stopped short of taking a more bullish position.

The report was published at 11:44 a.m. ET (15:44 UTC) on Oct. 8, 2026.