Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
683.13
+2.69 (0.40%)
Oct 8, 2025, 11:37 AM EDT - Market open
Spotify Technology Stock Forecast
Stock Price Forecast
The 31 analysts that cover Spotify Technology stock have a consensus rating of "Buy" and an average price target of $723.87, which forecasts a 5.96% increase in the stock price over the next year. The lowest target is $416 and the highest is $900.
Price Target: $723.87 (+5.96%)
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 | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 11 | 11 | 10 | 10 | 10 | 10 |
| Buy | 12 | 12 | 14 | 14 | 14 | 14 |
| Hold | 6 | 6 | 6 | 6 | 7 | 7 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 0 | 0 | 0 | 0 |
| Total | 30 | 30 | 30 | 30 | 31 | 31 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Rosenblatt | Rosenblatt | Hold Maintains $679 | Hold | Maintains | $679 | -0.60% | Oct 1, 2025 |
| Goldman Sachs | Goldman Sachs | Strong Buy → Hold Downgrades $765 → $770 | Strong Buy → Hold | Downgrades | $765 → $770 | +12.72% | Sep 30, 2025 |
| Argus Research | Argus Research | Strong Buy Initiates $845 | Strong Buy | Initiates | $845 | +23.70% | Sep 29, 2025 |
| JP Morgan | JP Morgan | Buy Maintains $740 → $805 | Buy | Maintains | $740 → $805 | +17.84% | Sep 29, 2025 |
| Citigroup | Citigroup | Hold Maintains $715 → $750 | Hold | Maintains | $715 → $750 | +9.79% | Sep 9, 2025 |
Financial Forecast
Revenue This Year
17.65B
from 15.67B
Increased by 12.62%
Revenue Next Year
20.42B
from 17.65B
Increased by 15.66%
EPS This Year
5.72
from 5.50
Increased by 4.04%
EPS Next Year
11.82
from 5.72
Increased by 106.63%
Financial currency is EUR. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 21.1B | 24.5B | |||
| Avg | 17.7B | 20.4B | |||
| Low | 16.6B | 18.4B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 34.9% | 38.7% | |||
| Avg | 12.6% | 15.7% | |||
| Low | 6.1% | 4.1% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 12.47 | 15.80 | |||
| Avg | 5.72 | 11.82 | |||
| Low | 2.21 | 5.56 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 126.8% | 176.2% | |||
| Avg | 4.0% | 106.6% | |||
| Low | -59.7% | -2.9% |
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.