Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
489.57
+15.03 (3.17%)
Mar 23, 2026, 10:50 AM EDT - Market open
Spotify Technology Stock Forecast
Stock Price Forecast
The 27 analysts that cover Spotify Technology stock have a consensus rating of "Strong Buy" and an average price target of $731.3, which forecasts a 49.38% increase in the stock price over the next year. The lowest target is $525 and the highest is $900.
Price Target: $731.3 (+49.38%)
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Spotify Technology stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 10 | 10 | 9 | 10 | 10 | 10 |
| Buy | 14 | 14 | 14 | 14 | 13 | 13 |
| Hold | 7 | 7 | 5 | 4 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 31 | 31 | 28 | 28 | 27 | 27 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Guggenheim | Guggenheim | Strong Buy Maintains $720 → $600 | Strong Buy | Maintains | $720 → $600 | +22.56% | Feb 24, 2026 |
| Guggenheim | Guggenheim | Strong Buy Maintains $750 → $720 | Strong Buy | Maintains | $750 → $720 | +47.07% | Feb 11, 2026 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $750 → $700 | Buy | Maintains | $750 → $700 | +42.98% | Feb 11, 2026 |
| Barclays | Barclays | Buy Maintains $625 → $650 | Buy | Maintains | $625 → $650 | +32.77% | Feb 11, 2026 |
| Cantor Fitzgerald | Cantor Fitzgerald | Hold Maintains $615 → $525 | Hold | Maintains | $615 → $525 | +7.24% | Feb 11, 2026 |
Financial Forecast
Revenue This Year
19.88B
from 17.19B
Increased by 15.65%
Revenue Next Year
22.62B
from 19.88B
Increased by 13.81%
EPS This Year
13.26
from 10.51
Increased by 26.20%
EPS Next Year
16.58
from 13.26
Increased by 24.97%
Financial currency is EUR. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 21.0B | 24.0B | |||
| Avg | 19.9B | 22.6B | |||
| Low | 18.6B | 20.9B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 22.0% | 21.0% | |||
| Avg | 15.7% | 13.8% | |||
| Low | 8.2% | 5.3% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 20.61 | 23.81 | |||
| Avg | 13.26 | 16.58 | |||
| Low | 10.33 | 14.02 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 96.1% | 79.5% | |||
| Avg | 26.2% | 25.0% | |||
| Low | -1.7% | 5.7% |
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.