Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
460.88
+6.72 (1.48%)
At close: Dec 20, 2024, 4:00 PM
461.06
+0.18 (0.04%)
After-hours: Dec 20, 2024, 7:56 PM EST
Spotify Technology Stock Forecast
Stock Price Forecast
The 29 analysts with 12-month price forecasts for Spotify Technology stock have an average target of 422.03, with a low estimate of 230 and a high estimate of 560. The average target predicts a decrease of -8.43% from the current stock price of 460.88.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for SPOT stock from 29 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 13 | 13 | 13 | 12 | 12 | 12 |
| Buy | 10 | 11 | 11 | 11 | 12 | 10 |
| Hold | 7 | 6 | 6 | 6 | 6 | 6 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 31 | 31 | 31 | 30 | 31 | 29 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $525 → $560 | Strong Buy | Maintains | $525 → $560 | +21.51% | Dec 2, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $430 → $490 | Strong Buy | Maintains | $430 → $490 | +6.32% | Nov 14, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $475 → $525 | Strong Buy | Maintains | $475 → $525 | +13.91% | Nov 14, 2024 |
| Macquarie | Macquarie | Buy Maintains $395 → $500 | Buy | Maintains | $395 → $500 | +8.49% | Nov 13, 2024 |
| TD Cowen | TD Cowen | Hold Maintains $356 → $416 | Hold | Maintains | $356 → $416 | -9.74% | Nov 13, 2024 |
Financial Forecast
Revenue This Year
15.92B
from 13.25B
Increased by 20.20%
Revenue Next Year
18.28B
from 15.92B
Increased by 14.81%
EPS This Year
6.02
from -2.73
EPS Next Year
9.31
from 6.02
Increased by 54.61%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 17.3B | 19.9B | 22.5B | |||
| Avg | 15.9B | 18.3B | 20.9B | |||
| Low | 15.2B | 17.2B | 19.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 30.6% | 24.7% | 23.3% | |||
| Avg | 20.2% | 14.8% | 14.3% | |||
| Low | 14.7% | 7.8% | 3.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.98 | 14.07 | 16.28 | ||
| Avg | 6.02 | 9.31 | 11.61 | ||
| Low | 5.20 | 6.49 | 8.34 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 133.6% | 74.8% | ||
| Avg | - | 54.6% | 24.7% | ||
| Low | - | 7.8% | -10.4% |
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.