Spotify Technology Stock Forecast

Stock Price Forecast

The 30 analysts with 12-month price forecasts for Spotify Technology stock have an average target of 597.77, with a low estimate of 230 and a high estimate of 740. The average target predicts a decrease of -9.03% from the current stock price of 657.10.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$230	$597.77	$657	$740
Change	-65.00%	-9.03%	-0.02%	+12.62%

Analyst Ratings

The average analyst rating for Spotify Technology stock from 30 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	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25	May '25
Strong Buy	12	12	11	12	11	11
Buy	12	10	10	10	11	12
Hold	6	7	7	7	5	6
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	31	30	29	30	28	30

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Alan Gould Loop Capital	Loop Capital	Hold Maintains $435 → $550	Hold	Maintains	$435 → $550	-16.30%	May 2, 2025
Vikram Kesavabhotla Baird	Baird	Buy Maintains $700 → $730	Buy	Maintains	$700 → $730	+11.09%	May 1, 2025
Kannan Venkateshwar Barclays	Barclays	Buy Maintains $710 → $650	Buy	Maintains	$710 → $650	-1.08%	Apr 30, 2025
Ross Compton Macquarie	Macquarie	Buy Maintains $665	Buy	Maintains	$665	+1.20%	Apr 30, 2025
Doug Anmuth JP Morgan	JP Morgan	Buy Maintains $640 → $670	Buy	Maintains	$640 → $670	+1.96%	Apr 30, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

18.49B

from 15.67B

17.97%

from 15.67B

Revenue Next Year

21.33B

from 18.49B

15.34%

from 18.49B

EPS This Year

10.32

from 5.50

87.64%

from 5.50

EPS Next Year

13.32

from 10.32

29.11%

from 10.32

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	18.49B	21.33B	24.15B
Revenue Growth	16.50%	22.69%	21.30%	12.96%	18.31%	17.97%	15.34%	13.25%
EPS	-3.10	-1.03	-2.93	-2.73	5.50	10.32	13.32	16.52
EPS Growth	-	-	-	-	-	87.64%	29.11%	23.96%
Forward PE	-	-	-	-	-	56.32	43.62	35.19
No. Analysts	-	-	-	-	-	38	36	21

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

Revenue Forecast

Revenue	2025	2026	2027
High	19.8B	23.4B	26.5B
Avg	18.5B	21.3B	24.2B
Low	17.2B	19.1B	21.5B

Revenue Growth

Revenue Growth	2025	2026	2027
High	26.3%	26.3%	24.5%
Avg	18.0%	15.3%	13.2%
Low	9.5%	3.1%	0.6%

EPS Forecast

EPS	2025	2026	2027
High	14.60	19.32	24.05
Avg	10.32	13.32	16.52
Low	7.18	9.67	12.86

EPS Growth

EPS Growth	2025	2026	2027
High	165.4%	87.2%	80.5%
Avg	87.6%	29.1%	24.0%
Low	30.5%	-6.3%	-3.5%

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.