Of the 42 analysts tracked by The Wall Street Journal, 26 have a "buy" rating on Spotify (NYSE: SPOT), 7 have an "overweight" rating, and 9 have a "hold" rating, with no one recommending "sell." Analysts have given an average price target of $600, implying a potential upside of 26% for the stock in the next 12 months, while the highest price target of $720 suggests a 51% increase. Spotify's stock price is currently down 37% from its historical high. The company achieved a net profit of $628 million in the second quarter, with revenue increasing by 14% year-over-year to $5.5 billion, while operating expenses grew by only 3%, demonstrating a significant improvement in its profitability.