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Spotify Technology S.A. (NYSE:SPOT) ranks among the best stocks to buy now for the next 3 months. SPOT has an upside of over 21%, with 37 analysts rating the stock a Buy and 7 a Hold.

Spotify Technology S.A. (NYSE:SPOT) shares have plunged over 14% year-to-date as the company focuses on AI-driven policy. The recent introduction of paid AI remix tools and expanded content offerings is aimed at boosting user engagement and diversifying revenue streams for Spotify. Analysts see upside as Spotify continues to evolve its network with AI-driven strategies.

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On June 3, Citizens reiterated a Market Perform rating on Spotify Technology S.A. (NYSE:SPOT) with a $625 price target. The analyst firm sees new product launches driving better monetization and operating expense growth, keeping the company in a moderate zone as it pushes around €200 million of temporary 2026 spending. Based on this, the analyst sees Spotify’s 2027 EBITDA estimate to surpass consensus by 5%.

Spotify’s dynamic mix of music, podcasts, video podcasts, and audiobooks creates a proprietary dataset, especially considering its 750 million monthly active users, according to the analyst.

In other news, on June 8, Bloomberg reported that Spotify is working on becoming a live music content platform, streaming live concerts and festivals. Spotify has approached concert promoters regarding licensing rights to broadcast the events, as per the report. This is a potential opportunity for the company to diversify its portfolio and reach a broader audience through live events.

Spotify Technology S.A. (NYSE:SPOT) is a leading digital music streaming platform. The company is based in Luxembourg and was founded in December 2006 by Daniel Ek and Martin Lorentzon.

While we acknowledge the potential of SPOT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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