Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
379.16
+2.29 (0.61%)
At close: Oct 25, 2024, 4:00 PM
377.62
-1.54 (-0.41%)
After-hours: Oct 25, 2024, 7:48 PM EDT
Spotify Technology Stock Forecast
Stock Price Forecast
The 31 analysts with 12-month price forecasts for Spotify Technology stock have an average target of 354.52, with a low estimate of 190 and a high estimate of 510. The average target predicts a decrease of -6.50% from the current stock price of 379.16.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for SPOT stock from 31 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 11 | 11 | 13 | 13 | 13 | 13 |
| Buy | 10 | 10 | 10 | 11 | 11 | 11 |
| Hold | 9 | 9 | 7 | 6 | 6 | 6 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 1 | 1 | 1 | 1 |
| Total | 30 | 30 | 31 | 31 | 31 | 31 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Buy Maintains $400 → $430 | Buy | Maintains | $400 → $430 | +13.41% | Oct 23, 2024 |
| Rosenblatt | Rosenblatt | Strong Buy Maintains $399 → $438 | Strong Buy | Maintains | $399 → $438 | +15.52% | Oct 17, 2024 |
| Keybanc | Keybanc | Buy Maintains $440 → $490 | Buy | Maintains | $440 → $490 | +29.23% | Oct 16, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Hold Reiterates $340 | Hold | Reiterates | $340 | -10.33% | Sep 30, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Hold Reiterates $340 | Hold | Reiterates | $340 | -10.33% | Sep 23, 2024 |
Financial Forecast
Revenue This Year
16.10B
from 13.25B
Increased by 21.50%
Revenue Next Year
18.48B
from 16.10B
Increased by 14.80%
EPS This Year
5.96
from -2.73
EPS Next Year
8.29
from 5.96
Increased by 39.08%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 17.9B | 20.6B | 23.3B | ||
| Avg | 16.1B | 18.5B | 20.9B | ||
| Low | 15.3B | 17.2B | 18.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 35.4% | 28.1% | 26.1% | ||
| Avg | 21.5% | 14.8% | 13.1% | ||
| Low | 15.8% | 7.1% | 2.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.25 | 12.48 | 12.84 | ||
| Avg | 5.96 | 8.29 | 10.09 | ||
| Low | 3.82 | 5.88 | 5.88 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 109.5% | 54.9% | ||
| Avg | - | 39.1% | 21.7% | ||
| Low | - | -1.3% | -29.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.