Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
486.33
-13.61 (-2.72%)
At close: Aug 3, 2026, 4:00 PM EDT
458.21
-28.12 (-5.78%)
Pre-market: Aug 4, 2026, 9:19 AM 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 $606.41. The average 1-year stock price forecast is 24.69% higher than the current stock price, while the lowest is $393.35 (-19.12%) and the highest is $714.74 (+46.97%).

Price Target: $606.41 (+24.69%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$393.35$606.41$614.42$714.74
Change-19.12%+24.69%+26.34%+46.97%

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
RatingMar '26Apr '26May '26Jun '26Jul '26Aug '26
Strong Buy252424242424
Buy1010101099
Hold777677
Sell000000
Strong Sell000000
Total424141404040

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Monness
Monness
Hold
Maintains
n/a
HoldMaintainsn/an/aAug 3, 2026
Morgan Stanley
Morgan Stanley
Buy
Reiterates
$610$640
BuyReiterates$610$640+31.60%Aug 3, 2026
Evercore ISI
Evercore ISI
Buy
Maintains
n/a
BuyMaintainsn/an/aJul 31, 2026
KeyBanc
KeyBanc
Buy
Maintains
$680
BuyMaintains$680+39.82%Jul 24, 2026
Bernstein
Bernstein
Buy
Reiterates
$625
BuyReiterates$625+28.51%Jul 23, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
19.46B
from 17.19B
Increased by 13.26%
Revenue Next Year
22.25B
from 19.46B
Increased by 14.30%
EPS This Year
12.73
from 10.51
Increased by 21.12%
EPS Next Year
15.80
from 12.73
Increased by 24.08%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
9.67B11.73B13.25B15.67B17.19B19.46B
Revenue Growth
22.69%21.30%12.96%18.31%9.65%13.26%
Gross Profit
2.59B2.93B3.45B4.74B5.50B6.48B
Gross Margin
26.80%24.95%26.02%30.23%31.98%33.27%
Operating Income
94.00M-659.00M-199.00M1.38B2.20B2.87B
Net Income
-34.00M-430.00M-532.00M1.14B2.21B2.66B
EPS
----10.5112.73
EPS Growth
----91.09%21.12%
Forward PE
--114.5952.5944.5233.18
Free Cash Flow
567.63M302.50M606.88M1.22B675.38M3.40B
No. Analysts
-----36
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is EUR.

Revenue Forecast

Revenue202620272028
High19.6B
Avg19.5B
Low18.9B

Revenue Growth

Revenue Growth202620272028
High
14.2%
Avg
13.3%
Low
10.0%

EPS Forecast

EPS202620272028
High14.62
Avg12.73
Low11.30

EPS Growth

EPS Growth202620272028
High
39.1%
Avg
21.1%
Low
7.5%