Spotify Technology S.A. (SPOT)
NYSE: SPOT · IEX Real-Time Price · USD
315.55
+1.71 (0.54%)
At close: Jul 2, 2024, 4:00 PM
315.39
-0.16 (-0.05%)
After-hours: Jul 2, 2024, 7:51 PM EDT
Spotify Technology Stock Forecast
Stock Price Forecast
The 28 analysts with 12-month price forecasts for Spotify Technology stock have an average target of 304.21, with a low estimate of 120 and a high estimate of 400. The average target predicts a decrease of -3.59% from the current stock price of 315.55.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for SPOT 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 10 | 10 | 11 | 11 | 11 | 11 |
| Buy | 10 | 10 | 10 | 10 | 10 | 9 |
| Hold | 8 | 8 | 9 | 9 | 9 | 9 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 28 | 28 | 30 | 30 | 30 | 29 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Strong Buy Maintains $370 → $380 | Strong Buy | Maintains | $370 → $380 | +20.42% | Jul 2, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $365 → $375 | Buy | Maintains | $365 → $375 | +18.84% | Jun 4, 2024 |
| Rosenblatt | Rosenblatt | Strong Buy Maintains $396 | Strong Buy | Maintains | $396 | +25.50% | Jun 4, 2024 |
| Citigroup | Citigroup | Hold Maintains $255 → $310 | Hold | Maintains | $255 → $310 | -1.76% | May 7, 2024 |
| Macquarie | Macquarie | Buy Maintains $330 → $345 | Buy | Maintains | $330 → $345 | +9.33% | Apr 24, 2024 |
Financial Forecast
Revenue This Year
16.04B
from 13.25B
Increased by 21.11%
Revenue Next Year
18.34B
from 16.04B
Increased by 14.31%
EPS This Year
4.78
from -2.73
EPS Next Year
6.86
from 4.78
Increased by 43.54%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 17.9B | 20.4B | 22.8B | 25.9B | 29.7B |
| Avg | 16.0B | 18.3B | 20.6B | 23.0B | 26.6B |
| Low | 15.2B | 16.9B | 17.9B | 20.4B | 23.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 34.9% | 27.0% | 24.2% | 25.8% | 29.0% |
| Avg | 21.1% | 14.3% | 12.5% | 11.5% | 15.8% |
| Low | 14.4% | 5.3% | -2.2% | -1.1% | 2.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.96 | 9.31 | 11.78 | 10.76 | 11.88 |
| Avg | 4.78 | 6.86 | 8.84 | 9.80 | 11.40 |
| Low | 3.42 | 5.46 | 6.37 | 8.78 | 10.81 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 94.9% | 71.8% | 21.7% | 21.3% |
| Avg | - | 43.5% | 28.9% | 10.8% | 16.3% |
| Low | - | 14.2% | -7.1% | -0.6% | 10.4% |
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.