"I Still Haven't Found What I'm Looking For" was critically acclaimed and received two nominations at the 30th Annual Grammy Awards in 1988, for Record of the Year and Song of the Year. It has subsequently become one of the group's most well-known songs and has been performed on many of their concert tours. The track has appeared on several of their compilations and concert films. Many critics and publications have ranked "I Still Haven't Found What I'm Looking For" among the greatest tracks in music history including "Rolling Stone" which ranked the song at number 93 of its list of "The 500 Greatest Songs of All Time".