Spotify Technology Stock Forecast

Stock Price Forecast

The 23 analysts that cover Spotify Technology stock have a consensus rating of "Strong Buy" and an average price target of $671.09, which forecasts a 57.09% increase in the stock price over the next year. The lowest target is $430 and the highest is $900.

Price Target: $671.09 (+57.09%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$430	$671.09	$680	$900
Change	+0.66%	+57.09%	+59.18%	+110.68%

Analyst Ratings

The average analyst rating for Spotify Technology stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

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	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	28	28	27	28	25	23

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Batya Levi UBS	UBS	Strong Buy Maintains $760 → $735	Strong Buy	Maintains	$760 → $735	+72.05%	Apr 30, 2026
Doug Anmuth JP Morgan	JP Morgan	Buy Maintains $700 → $600	Buy	Maintains	$700 → $600	+40.45%	Apr 29, 2026
Maria Ripps Canaccord Genuity	Canaccord Genuity	Strong Buy Maintains $750 → $720	Strong Buy	Maintains	$750 → $720	+68.54%	Apr 29, 2026
Mark Zgutowicz Benchmark	Benchmark	Strong Buy Maintains $760 → $695	Strong Buy	Maintains	$760 → $695	+62.69%	Apr 29, 2026
Eric Sheridan Goldman Sachs	Goldman Sachs	Strong Buy Maintains $670 → $600	Strong Buy	Maintains	$670 → $600	+40.45%	Apr 29, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

19.89B

from 17.19B

15.74%

from 17.19B

Revenue Next Year

22.55B

from 19.89B

13.37%

from 19.89B

EPS This Year

13.28

from 10.51

26.37%

from 10.51

EPS Next Year

16.59

from 13.28

24.93%

from 13.28

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	9.67B	11.73B	13.25B	15.67B	17.19B	19.89B	22.55B
Revenue Growth	22.69%	21.30%	12.96%	18.31%	9.65%	15.74%	13.37%
EPS	-1.03	-2.93	-2.73	5.50	10.51	13.28	16.59
EPS Growth	-	-	-	-	91.09%	26.37%	24.93%
Forward PE	-	-	-	-	-	27.50	22.01
No. Analysts	-	-	-	-	-	42	37

Financial currency is EUR. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	20.9B	24.0B
Avg	19.9B	22.6B
Low	18.6B	19.2B

Revenue Growth

Revenue Growth	2026	2027
High	21.8%	20.9%
Avg	15.7%	13.4%
Low	8.2%	-3.3%

EPS Forecast

EPS	2026	2027
High	20.61	23.81
Avg	13.28	16.59
Low	10.33	14.02

EPS Growth

EPS Growth	2026	2027
High	96.1%	79.3%
Avg	26.4%	24.9%
Low	-1.7%	5.6%

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 sources.