Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
469.86
-0.15 (-0.03%)
Nov 21, 2024, 12:07 PM EST - Market open
Spotify Technology Stock Forecast
Stock Price Forecast
The 31 analysts with 12-month price forecasts for Spotify Technology stock have an average target of 407.9, with a low estimate of 216 and a high estimate of 530. The average target predicts a decrease of -13.19% from the current stock price of 469.86.
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 11 | 13 | 13 | 13 | 12 | 12 |
| Buy | 10 | 10 | 11 | 11 | 11 | 12 |
| Hold | 9 | 7 | 6 | 6 | 6 | 6 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 1 | 1 | 1 | 1 | 1 |
| Total | 30 | 31 | 31 | 31 | 30 | 31 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $430 → $490 | Strong Buy | Maintains | $430 → $490 | +4.29% | Nov 14, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $475 → $525 | Strong Buy | Maintains | $475 → $525 | +11.74% | Nov 14, 2024 |
| Macquarie | Macquarie | Buy Maintains $395 → $500 | Buy | Maintains | $395 → $500 | +6.41% | Nov 13, 2024 |
| TD Cowen | TD Cowen | Hold Maintains $356 → $416 | Hold | Maintains | $356 → $416 | -11.46% | Nov 13, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $430 → $515 | Strong Buy | Maintains | $430 → $515 | +9.61% | Nov 13, 2024 |
Financial Forecast
Revenue This Year
16.09B
from 13.25B
Increased by 21.44%
Revenue Next Year
18.48B
from 16.09B
Increased by 14.88%
EPS This Year
5.97
from -2.73
EPS Next Year
8.49
from 5.97
Increased by 42.14%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 17.9B | 20.6B | 23.3B | ||
| Avg | 16.1B | 18.5B | 21.0B | ||
| Low | 15.3B | 17.2B | 18.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 35.4% | 28.1% | 26.0% | ||
| Avg | 21.4% | 14.9% | 13.4% | ||
| Low | 15.5% | 7.1% | 2.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.74 | 12.48 | 13.56 | ||
| Avg | 5.97 | 8.49 | 10.61 | ||
| Low | 3.82 | 6.26 | 7.75 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 109.1% | 59.7% | ||
| Avg | - | 42.1% | 25.0% | ||
| Low | - | 4.9% | -8.7% |
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.