Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
482.52
-16.11 (-3.23%)
Dec 9, 2024, 4:00 PM EST - Market closed

Spotify Technology Stock Forecast

Stock Price Forecast

The 31 analysts with 12-month price forecasts for Spotify Technology stock have an average target of 409.03, with a low estimate of 216 and a high estimate of 560. The average target predicts a decrease of -15.23% from the current stock price of 482.52.

Analyst Consensus: Buy
Target Low Average Median High
Price $216 $409.03 $438 $560
Change -55.24% -15.23% -9.23% +16.06%

Analyst Ratings

The average analyst rating for SPOT stock from 31 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 Jul '24Aug '24Sep '24Oct '24Nov '24Dec '24
Strong Buy 131313121212
Buy 101111111212
Hold 766666
Sell 000000
Strong Sell 111111
Total 313131303131

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Canaccord Genuity
Canaccord Genuity
Strong Buy
Maintains
$525$560
Strong Buy Maintains $525$560 +16.06% Dec 2, 2024
Goldman Sachs
Goldman Sachs
Strong Buy
Maintains
$430$490
Strong Buy Maintains $430$490 +1.55% Nov 14, 2024
Canaccord Genuity
Canaccord Genuity
Strong Buy
Maintains
$475$525
Strong Buy Maintains $475$525 +8.80% Nov 14, 2024
Macquarie
Macquarie
Buy
Maintains
$395$500
Buy Maintains $395$500 +3.62% Nov 13, 2024
TD Cowen
TD Cowen
Hold
Maintains
$356$416
Hold Maintains $356$416 -13.79% Nov 13, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
15.93B
from 13.25B
Increased by 20.28%
Revenue Next Year
18.27B
from 15.93B
Increased by 14.65%
EPS This Year
6.04
from -2.73
EPS Next Year
9.23
from 6.04
Increased by 52.85%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
6.76B7.88B9.67B11.73B13.25B15.93B18.27B20.81B
Revenue Growth
28.62%16.50%22.69%21.30%12.96%20.28%14.65%13.89%
EPS
-1.03-3.10-1.03-2.93-2.736.049.2311.51
EPS Growth
------52.85%24.75%
Forward PE
-----75.7149.5339.71
No. Analysts -----363528
Financial currency is EUR. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026202720282029
High 17.3B 19.9B 22.5B
Avg 15.9B 18.3B 20.8B
Low 15.2B 17.2B 18.9B

Revenue Growth

Revenue Growth 202420252026202720282029
High
30.6%
24.6%
23.3%
Avg
20.3%
14.7%
13.9%
Low
14.7%
7.7%
3.2%

EPS Forecast

EPS 202420252026202720282029
High 9.98 14.07 16.28
Avg 6.04 9.23 11.51
Low 5.20 6.49 8.34

EPS Growth

EPS Growth 202420252026202720282029
High -
133.0%
76.3%
Avg -
52.8%
24.8%
Low -
7.5%
-9.6%
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 disclaimer.