Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
509.45
-19.39 (-3.67%)
At close: Sep 18, 2026, 4:00 PM EDT
510.40
+0.95 (0.19%)
After-hours: Sep 18, 2026, 6:41 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 $609.94. The average 1-year stock price forecast is 19.73% higher than the current stock price, while the lowest is $421.15 (-17.33%) and the highest is $721.98 (+41.72%).

Price Target: $609.94 (+19.73%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$421.15$609.94$621.7$721.98
Change-17.33%+19.73%+22.03%+41.72%

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
RatingApr '26May '26Jun '26Jul '26Aug '26Sep '26
Strong Buy242424242525
Buy101010998
Hold776777
Sell000000
Strong Sell000000
Total414140404140

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Bank of America Securities
Bank of America Securities
Buy
Maintains
$685
BuyMaintains$685+34.46%Sep 18, 2026
Morgan Stanley
Morgan Stanley
Buy
Reiterates
$640
BuyReiterates$640+25.63%Sep 14, 2026
Goldman Sachs
Goldman Sachs
Buy
Maintains
$655
BuyMaintains$655+28.57%Sep 11, 2026
KeyBanc
KeyBanc
Buy
Maintains
$680
BuyMaintains$680+33.48%Sep 10, 2026
Barclays
Barclays
Buy
Maintains
$565
BuyMaintains$565+10.90%Sep 9, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
19.54B
from 17.19B
Increased by 13.68%
Revenue Next Year
22.36B
from 19.54B
Increased by 14.43%
EPS This Year
12.28
from 10.51
Increased by 16.88%
EPS Next Year
15.43
from 12.28
Increased by 25.58%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
9.67B11.73B13.25B15.67B17.19B19.54B
Revenue Growth
22.69%21.30%12.96%18.31%9.65%13.68%
Gross Profit
2.59B2.93B3.45B4.74B5.50B6.52B
Gross Margin
26.80%24.95%26.02%30.23%31.98%33.35%
Operating Income
94.00M-659.00M-199.00M1.38B2.20B2.88B
Net Income
-34.00M-430.00M-532.00M1.14B2.21B2.56B
EPS
----10.5112.28
EPS Growth
----91.09%16.88%
Forward PE
--114.5952.5944.5236.10
Free Cash Flow
----675.38M3.38B
No. Analysts
-----35
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
13.7%
Low
12.9%

EPS Forecast

EPS202620272028
High13.77
Avg12.28
Low11.43

EPS Growth

EPS Growth202620272028
High
31.0%
Avg
16.9%
Low
8.8%