Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
519.86
+29.93 (6.11%)
At close: May 22, 2026, 4:00 PM EDT
517.50
-2.36 (-0.45%)
After-hours: May 22, 2026, 7:59 PM EDT
Spotify Technology Stock Forecast
Stock Price Forecast
According to 41 analysts polled by S&P Global, Spotify Technology stock has a consensus rating of "Buy" and an average price target of $600.46. The average 1-year stock price forecast is 15.50% higher than the current stock price, while the lowest is $396.66 (-23.70%) and the highest is $730.84 (+40.58%).
Price Target: $600.46 (+15.50%)
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Spotify Technology stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 10 | 10 | 11 | 10 | 10 |
| Buy | 14 | 14 | 13 | 13 | 11 | 9 |
| Hold | 5 | 4 | 4 | 4 | 4 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 28 | 28 | 27 | 28 | 25 | 22 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Buy Maintains $600 → $650 | Buy | Maintains | $600 → $650 | +25.03% | May 22, 2026 |
| Wells Fargo | Wells Fargo | Buy Maintains $580 → $600 | Buy | Maintains | $580 → $600 | +15.42% | May 22, 2026 |
| Citizens | Citizens | Buy Maintains $600 → $625 | Buy | Maintains | $600 → $625 | +20.22% | May 22, 2026 |
| Barclays | Barclays | Buy Maintains $500 → $565 | Buy | Maintains | $500 → $565 | +8.68% | May 22, 2026 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $590 → $610 | Buy | Maintains | $590 → $610 | +17.34% | May 22, 2026 |
Financial Forecast
Revenue This Year
19.87B
from 17.19B
Increased by 15.61%
Revenue Next Year
22.67B
from 19.87B
Increased by 14.10%
EPS This Year
13.05
from 10.51
Increased by 24.14%
EPS Next Year
16.13
from 13.05
Increased by 23.60%
Financial currency is EUR. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|
| High | 20.7B | 24.1B | ||||||
| Avg | 19.9B | 22.7B | ||||||
| Low | 18.7B | 20.9B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|
| High | 20.2% | 21.3% | ||||||
| Avg | 15.6% | 14.1% | ||||||
| Low | 8.6% | 5.1% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|
| High | 15.48 | 20.60 | ||||||
| Avg | 13.05 | 16.13 | ||||||
| Low | 11.07 | 13.48 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|
| High | 47.3% | 57.9% | ||||||
| Avg | 24.1% | 23.6% | ||||||
| Low | 5.3% | 3.3% |
Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data sources.