Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
526.42
+13.50 (2.63%)
At close: Oct 8, 2026, 4:00 PM EDT
525.35
-1.07 (-0.20%)
After-hours: Oct 8, 2026, 7:58 PM EDT

Spotify Technology Stock Forecast

Stock Price Forecast

According to 40 analysts polled by S&P Global, Spotify Technology stock has a consensus rating of "Buy" and an average price target of $595.1. The average 1-year stock price forecast is 13.05% higher than the current stock price, while the lowest is $409.42 (-22.23%) and the highest is $702.18 (+33.39%).

Price Target: $595.1 (+13.05%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$409.42$595.1$594.64$702.18
Change-22.23%+13.05%+12.96%+33.39%

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

Chart
RatingMay '26Jun '26Jul '26Aug '26Sep '26Oct '26
Strong Buy242424252424
Buy10109988
Hold767778
Sell000000
Strong Sell000000
Total414040413940

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Piper Sandler
Piper Sandler
Hold
Initiates
$540
HoldInitiates$540+2.58%Oct 8, 2026
KeyBanc
KeyBanc
Buy
Maintains
$660
BuyMaintains$660+25.38%Oct 8, 2026
Bank of America Securities
Bank of America Securities
Buy
Maintains
$685
BuyMaintains$685+30.12%Oct 7, 2026
Barclays
Barclays
Buy
Maintains
$565
BuyMaintains$565+7.33%Oct 7, 2026
Morgan Stanley
Morgan Stanley
Buy
Reiterates
$640
BuyReiterates$640+21.58%Oct 5, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
19.53B
from 17.19B
Increased by 13.64%
Revenue Next Year
22.33B
from 19.53B
Increased by 14.36%
EPS This Year
12.23
from 10.51
Increased by 16.38%
EPS Next Year
15.38
from 12.23
Increased by 25.74%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
9.67B11.73B13.25B15.67B17.19B19.53B
Revenue Growth
22.69%21.30%12.96%18.31%9.65%13.64%
Gross Profit
2.59B2.93B3.45B4.74B5.50B6.51B
Gross Margin
26.80%24.95%26.02%30.23%31.98%33.34%
Operating Income
94.00M-659.00M-199.00M1.38B2.20B2.86B
Net Income
-34.00M-430.00M-532.00M1.14B2.21B2.55B
EPS
----10.5112.23
EPS Growth
----91.09%16.38%
Forward PE
--114.5952.5944.5238.34
Free Cash Flow
----2.87B3.37B
No. Analysts
-----36
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is EUR.

Revenue Forecast

Revenue202620272028
High19.7B
Avg19.5B
Low19.4B

Revenue Growth

Revenue Growth202620272028
High
14.7%
Avg
13.6%
Low
12.9%

EPS Forecast

EPS202620272028
High13.77
Avg12.23
Low11.43

EPS Growth

EPS Growth202620272028
High
31.0%
Avg
16.4%
Low
8.8%