Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
414.83
-7.78 (-1.84%)
At close: Feb 9, 2026, 4:00 PM EST
414.00
-0.83 (-0.20%)
After-hours: Feb 9, 2026, 4:03 PM EST
Spotify Technology Stock Forecast
Stock Price Forecast
The 27 analysts that cover Spotify Technology stock have a consensus rating of "Strong Buy" and an average price target of $741.11, which forecasts a 78.65% increase in the stock price over the next year. The lowest target is $550 and the highest is $900.
Price Target: $741.11 (+78.65%)
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Spotify Technology stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 10 | 10 | 10 | 9 | 10 | 10 |
| Buy | 14 | 14 | 14 | 14 | 14 | 13 |
| Hold | 7 | 7 | 7 | 5 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 31 | 31 | 31 | 28 | 28 | 27 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keybanc | Keybanc | Buy Maintains $830 → $720 | Buy | Maintains | $830 → $720 | +73.57% | Feb 9, 2026 |
| Goldman Sachs | Goldman Sachs | Hold → Strong Buy Upgrades $735 → $700 | Hold → Strong Buy | Upgrades | $735 → $700 | +68.74% | Jan 23, 2026 |
| Barclays | Barclays | Buy Maintains $700 → $625 | Buy | Maintains | $700 → $625 | +50.66% | Jan 20, 2026 |
| Benchmark | Benchmark | Strong Buy Maintains $860 → $760 | Strong Buy | Maintains | $860 → $760 | +83.21% | Jan 16, 2026 |
| Bernstein | Bernstein | Buy Maintains $830 → $650 | Buy | Maintains | $830 → $650 | +56.69% | Jan 14, 2026 |
Financial Forecast
Revenue This Year
17.52B
from 15.67B
Increased by 11.80%
Revenue Next Year
20.03B
from 17.52B
Increased by 14.29%
EPS This Year
7.37
from 5.50
Increased by 33.96%
EPS Next Year
12.38
from 7.37
Increased by 68.06%
Financial currency is EUR. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|
| High | 18.2B | 21.0B | ||||
| Avg | 17.5B | 20.0B | ||||
| Low | 16.7B | 18.6B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|
| High | 15.9% | 19.9% | ||||
| Avg | 11.8% | 14.3% | ||||
| Low | 6.5% | 5.9% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|
| High | 9.60 | 18.78 | ||||
| Avg | 7.37 | 12.38 | ||||
| Low | 4.75 | 9.62 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|
| High | 74.5% | 154.9% | ||||
| Avg | 34.0% | 68.1% | ||||
| Low | -13.6% | 30.6% |
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.