Spotify Technology S.A. (SPOT)
NYSE: SPOT · IEX Real-Time Price · USD
289.22
+0.20 (0.07%)
Apr 26, 2024, 1:17 PM EDT - Market open
Spotify Technology Stock Forecast
Stock Price Forecast
The 29 analysts with 12-month price forecasts for Spotify Technology stock have an average target of 295.45, with a low estimate of 120 and a high estimate of 400. The average target predicts an increase of 2.15% from the current stock price of 289.22.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for SPOT stock from 30 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 8 | 9 | 10 | 10 | 11 |
| Buy | 10 | 10 | 10 | 10 | 10 | 10 |
| Hold | 9 | 8 | 7 | 8 | 8 | 9 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 26 | 26 | 26 | 28 | 28 | 30 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Macquarie | Macquarie | Buy Maintains $330 → $345 | Buy | Maintains | $330 → $345 | +19.29% | Apr 24, 2024 |
| HSBC | HSBC | Strong Buy Maintains $310 → $355 | Strong Buy | Maintains | $310 → $355 | +22.74% | Apr 24, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $350 → $370 | Buy | Maintains | $350 → $370 | +27.93% | Apr 24, 2024 |
| Guggenheim | Guggenheim | Strong Buy Maintains $290 → $350 | Strong Buy | Maintains | $290 → $350 | +21.02% | Apr 24, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $315 → $370 | Strong Buy | Maintains | $315 → $370 | +27.93% | Apr 24, 2024 |
Financial Forecast
Revenue This Year
15.86B
from 13.25B
Increased by 19.73%
Revenue Next Year
18.03B
from 15.86B
Increased by 13.70%
EPS This Year
3.79
from -2.73
EPS Next Year
5.52
from 3.79
Increased by 45.78%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 17.5B | 19.8B | 22.8B | 22.2B | 23.9B |
| Avg | 15.9B | 18.0B | 20.2B | 21.1B | 23.2B |
| Low | 14.9B | 16.6B | 18.1B | 19.7B | 22.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 32.2% | 25.0% | 26.4% | 9.9% | 13.1% |
| Avg | 19.7% | 13.7% | 12.0% | 4.6% | 9.8% |
| Low | 12.4% | 4.9% | 0.4% | -2.7% | 5.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.65 | 7.91 | 10.88 | 8.14 | 9.77 |
| Avg | 3.79 | 5.52 | 7.11 | 7.91 | 9.49 |
| Low | 2.48 | 3.43 | 4.46 | 7.60 | 9.12 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 108.8% | 97.1% | 14.5% | 23.6% |
| Avg | - | 45.8% | 28.9% | 11.2% | 20.0% |
| Low | - | -9.4% | -19.2% | 6.8% | 15.3% |
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 disclaimer.