Spotify Technology S.A. (SPOT)

Spotify Technology Stock Forecast

Stock Price Forecast

The 28 analysts with 12-month price forecasts for Spotify Technology stock have an average target of 562.82, with a low estimate of 230 and a high estimate of 740. The average target predicts a decrease of -2.03% from the current stock price of 574.48.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$230	$562.82	$600	$740
Change	-59.96%	-2.03%	+4.44%	+28.81%

Analyst Ratings

The average analyst rating for Spotify Technology 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	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25
Strong Buy	12	12	12	11	12	12
Buy	12	12	10	10	10	9
Hold	6	6	7	7	7	7
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	31	31	30	29	30	29

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Deepak Mathivanan Cantor Fitzgerald	Cantor Fitzgerald	Hold Maintains $600 → $520	Hold	Maintains	$600 → $520	-9.48%	Apr 16, 2025
Batya Levi UBS	UBS	Strong Buy Maintains $690 → $680	Strong Buy	Maintains	$690 → $680	+18.37%	Apr 15, 2025
Justin Patterson Keybanc	Keybanc	Buy Maintains $675 → $625	Buy	Maintains	$675 → $625	+8.79%	Apr 9, 2025
Doug Anmuth JP Morgan	JP Morgan	Buy Maintains $730 → $640	Buy	Maintains	$730 → $640	+11.41%	Apr 8, 2025
Batya Levi UBS	UBS	Strong Buy Maintains $720 → $690	Strong Buy	Maintains	$720 → $690	+20.11%	Apr 2, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

18.53B

Increased by 18.23%

from 15.67B

Revenue Next Year

21.40B

Increased by 15.48%

from 18.53B

EPS This Year

10.33

Increased by 87.76%

from 5.50

EPS Next Year

13.45

Increased by 30.24%

from 10.33

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	18.53B	21.40B	24.23B
Revenue Growth	16.50%	22.69%	21.30%	12.96%	18.31%	18.23%	15.48%	13.21%
EPS	-3.10	-1.03	-2.93	-2.73	5.50	10.33	13.45	16.81
EPS Growth	-	-	-	-	-	87.76%	30.24%	25.02%
Forward PE	-	-	-	-	-	48.92	37.56	30.04
No. Analysts	-	-	-	-	-	36	34	19

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	19.8B	23.4B	26.5B
Avg	18.5B	21.4B	24.2B
Low	17.3B	19.5B	21.5B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	26.3%	26.0%	24.1%
Avg	18.2%	15.5%	13.2%
Low	10.4%	5.5%	0.3%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	14.60	19.32	24.05
Avg	10.33	13.45	16.81
Low	7.18	9.67	12.44

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	165.4%	87.1%	78.8%
Avg	87.8%	30.2%	25.0%
Low	30.5%	-6.4%	-7.5%

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.