Spotify Technology Stock Forecast

Stock Price Forecast

The 30 analysts that cover Spotify Technology stock have a consensus rating of "Buy" and an average price target of $624.27, which forecasts a -12.1% decrease in the stock price over the next year. The lowest target is $230 and the highest is $900.

Price Target: $624.27 (-12.1%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$230	$624.27	$665	$900
Change	-67.61%	-12.10%	-6.36%	+26.73%

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	Jan '25	Feb '25	Mar '25	Apr '25	May '25	Jun '25
Strong Buy	12	11	12	11	11	11
Buy	10	10	10	11	12	12
Hold	7	7	7	5	6	6
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	30	29	30	28	30	30

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Deepak Mathivanan Cantor Fitzgerald	Cantor Fitzgerald	Hold Maintains $610 → $640	Hold	Maintains	$610 → $640	-9.88%	Jun 18, 2025
Jeffrey Wlodarczak Pivotal Research	Pivotal Research	Strong Buy Maintains $800 → $900	Strong Buy	Maintains	$800 → $900	+26.73%	Jun 17, 2025
Mark Mahaney Evercore ISI Group	Evercore ISI Group	Buy Maintains $650 → $750	Buy	Maintains	$650 → $750	+5.61%	Jun 16, 2025
Doug Anmuth JP Morgan	JP Morgan	Buy Maintains $670 → $730	Buy	Maintains	$670 → $730	+2.79%	Jun 4, 2025
Maria Ripps Canaccord Genuity	Canaccord Genuity	Strong Buy Maintains $700 → $775	Strong Buy	Maintains	$700 → $775	+9.13%	May 20, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

18.20B

from 15.67B

16.12%

from 15.67B

Revenue Next Year

21.10B

from 18.20B

15.93%

from 18.20B

EPS This Year

8.51

from 5.50

54.75%

from 5.50

EPS Next Year

12.71

from 8.51

49.32%

from 8.51

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	7.88B	9.67B	11.73B	13.25B	15.67B	18.20B	21.10B	23.95B
Revenue Growth	16.50%	22.69%	21.30%	12.96%	18.31%	16.12%	15.93%	13.53%
EPS	-3.10	-1.03	-2.93	-2.73	5.50	8.51	12.71	16.03
EPS Growth	-	-	-	-	-	54.75%	49.32%	26.13%
Forward PE	-	-	-	-	-	72.71	48.70	38.61
No. Analysts	-	-	-	-	-	38	37	22

Financial currency is EUR. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	19.1B	23.7B	27.1B
Avg	18.2B	21.1B	24.0B
Low	17.0B	19.0B	21.4B

Revenue Growth

Revenue Growth	2025	2026	2027
High	21.9%	30.4%	28.6%
Avg	16.1%	15.9%	13.5%
Low	8.6%	4.5%	1.6%

EPS Forecast

EPS	2025	2026	2027
High	11.45	15.29	19.33
Avg	8.51	12.71	16.03
Low	2.23	9.70	11.35

EPS Growth

EPS Growth	2025	2026	2027
High	108.1%	79.6%	52.1%
Avg	54.7%	49.3%	26.1%
Low	-59.4%	14.0%	-10.7%

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.