Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
506.29
+1.79 (0.35%)
Jan 20, 2026, 10:05 AM EST - Market open
Spotify Technology Stock Forecast
Stock Price Forecast
The 28 analysts that cover Spotify Technology stock have a consensus rating of "Buy" and an average price target of $745.18, which forecasts a 47.18% increase in the stock price over the next year. The lowest target is $550 and the highest is $900.
Price Target: $745.18 (+47.18%)
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Spotify Technology stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 10 | 10 | 10 | 10 | 9 | 9 |
| Buy | 14 | 14 | 14 | 14 | 14 | 14 |
| Hold | 6 | 7 | 7 | 7 | 5 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 30 | 31 | 31 | 31 | 28 | 28 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Benchmark | Benchmark | Strong Buy Maintains $860 → $760 | Strong Buy | Maintains | $860 → $760 | +50.11% | Jan 16, 2026 |
| Bernstein | Bernstein | Buy Maintains $830 → $650 | Buy | Maintains | $830 → $650 | +28.38% | Jan 14, 2026 |
| Wells Fargo | Wells Fargo | Buy Maintains $750 → $710 | Buy | Maintains | $750 → $710 | +40.24% | Jan 13, 2026 |
| UBS | UBS | Strong Buy Maintains $850 → $800 | Strong Buy | Maintains | $850 → $800 | +58.01% | Jan 9, 2026 |
| Cantor Fitzgerald | Cantor Fitzgerald | Hold Maintains $675 → $615 | Hold | Maintains | $675 → $615 | +21.47% | Jan 8, 2026 |
Financial Forecast
Revenue This Year
17.52B
from 15.67B
Increased by 11.80%
Revenue Next Year
19.97B
from 17.52B
Increased by 13.95%
EPS This Year
7.37
from 5.50
Increased by 33.98%
EPS Next Year
12.55
from 7.37
Increased by 70.32%
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 | 16.8B | 16.8B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|
| High | 15.9% | 20.0% | ||||
| Avg | 11.8% | 13.9% | ||||
| Low | 7.0% | -4.0% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|
| High | 9.60 | 18.78 | ||||
| Avg | 7.37 | 12.55 | ||||
| Low | 4.75 | 10.30 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|
| High | 74.5% | 154.9% | ||||
| Avg | 34.0% | 70.3% | ||||
| Low | -13.6% | 39.8% |
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.