Spotify Technology Stock Forecast

Stock Price Forecast

The 29 analysts with 12-month price forecasts for Spotify Technology stock have an average target of 553.07, with a low estimate of 230 and a high estimate of 740. The average target predicts a decrease of -1.44% from the current stock price of 561.16.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$230	$553.07	$540	$740
Change	-59.01%	-1.44%	-3.77%	+31.87%

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	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25
Strong Buy	12	12	12	12	11	12
Buy	11	12	12	10	10	10
Hold	6	6	6	7	7	7
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	30	31	31	30	29	30

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Steven Cahall Wells Fargo	Wells Fargo	Buy Maintains $690 → $740	Buy	Maintains	$690 → $740	+31.87%	Mar 28, 2025
Yiwen Zhang China Renaissance	China Renaissance	Strong Buy Initiates $740	Strong Buy	Initiates	$740	+31.87%	Mar 26, 2025
Michael Morris Guggenheim	Guggenheim	Strong Buy Reiterates $675	Strong Buy	Reiterates	$675	+20.29%	Feb 24, 2025
Jason Bazinet Citigroup	Citigroup	Hold Maintains $540 → $720	Hold	Maintains	$540 → $720	+28.31%	Feb 14, 2025
Eric Sheridan Goldman Sachs	Goldman Sachs	Strong Buy Maintains $550 → $695	Strong Buy	Maintains	$550 → $695	+23.85%	Feb 6, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

18.57B

from 15.67B

18.47%

from 15.67B

Revenue Next Year

21.42B

from 18.57B

15.34%

from 18.57B

EPS This Year

10.33

from 5.50

87.76%

from 5.50

EPS Next Year

13.45

from 10.33

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	18.57B	21.42B	24.09B
Revenue Growth	16.50%	22.69%	21.30%	12.96%	18.31%	18.47%	15.34%	12.49%
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	-	-	-	-	-	49.97	38.37	30.69
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
High	19.8B	23.4B	26.1B
Avg	18.6B	21.4B	24.1B
Low	17.3B	19.7B	21.4B

Revenue Growth

Revenue Growth	2025	2026	2027
High	26.3%	25.8%	22.0%
Avg	18.5%	15.3%	12.5%
Low	10.4%	6.0%	0.1%

EPS Forecast

EPS	2025	2026	2027
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
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.