Spotify Technology S.A. (SPOT)

Spotify Technology Stock Forecast

Stock Price Forecast

According to 30 professional analysts, the 12-month price target for Spotify Technology stock ranges from a low of $416 to a high of $900. The average analyst price target of $719.17 forecasts a 0.37% increase in the stock price over the next year.

Price Target: $719.17 (+0.37%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$416	$719.17	$750	$900
Change	-41.94%	+0.37%	+4.67%	+25.61%

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

Rating	Apr '25	May '25	Jun '25	Jul '25	Aug '25	Sep '25
Strong Buy	11	11	11	10	10	10
Buy	11	12	12	14	14	14
Hold	5	6	6	6	6	6
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	0	0	0
Total	28	30	30	30	30	30

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jason Bazinet Citigroup	Citigroup	Hold Maintains $715 → $750	Hold	Maintains	$715 → $750	+4.67%	Sep 9, 2025
Michael Morris Guggenheim	Guggenheim	Strong Buy Reiterates $850	Strong Buy	Reiterates	$850	+18.63%	Sep 3, 2025
Jason Helfstein Oppenheimer	Oppenheimer	Buy Maintains $750 → $825	Buy	Maintains	$750 → $825	+15.14%	Aug 18, 2025
Michael Morris Guggenheim	Guggenheim	Strong Buy Maintains $800 → $850	Strong Buy	Maintains	$800 → $850	+18.63%	Aug 18, 2025
Michael Morris Guggenheim	Guggenheim	Strong Buy Maintains $840 → $800	Strong Buy	Maintains	$840 → $800	+11.65%	Jul 30, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

17.65B

Increased by 12.62%

from 15.67B

Revenue Next Year

20.42B

Increased by 15.66%

from 17.65B

EPS This Year

5.72

Increased by 4.04%

from 5.50

EPS Next Year

11.82

Increased by 106.63%

from 5.72

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	7.88B	9.67B	11.73B	13.25B	15.67B	17.65B	20.42B
Revenue Growth	16.50%	22.69%	21.30%	12.96%	18.31%	12.62%	15.66%
EPS	-3.10	-1.03	-2.93	-2.73	5.50	5.72	11.82
EPS Growth	-	-	-	-	-	4.04%	106.63%
Forward PE	-	-	-	-	-	106.98	51.78
No. Analysts	-	-	-	-	-	41	39

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	21.1B	24.5B
Avg	17.7B	20.4B
Low	16.6B	18.4B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	34.9%	38.7%
Avg	12.6%	15.7%
Low	6.1%	4.1%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	12.47	15.80
Avg	5.72	11.82
Low	2.21	5.56

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	126.8%	176.2%
Avg	4.0%	106.6%
Low	-59.7%	-2.9%

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.