Spotify Technology Stock Forecast

Stock Price Forecast

The 27 analysts with 12-month price forecasts for Spotify Technology stock have an average target of 761.3, with a low estimate of 550 and a high estimate of 900. The average target predicts an increase of 34.76% from the current stock price of 564.93.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$550	$761.3	$770	$900
Change	-2.64%	+34.76%	+36.30%	+59.31%

* Price targets were last updated on Nov 5, 2025.

Analyst Ratings

The average analyst rating for Spotify Technology stock from 27 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 '25	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25
Strong Buy	10	10	10	10	10	9
Buy	14	14	14	14	14	13
Hold	6	6	7	7	7	5
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	30	30	31	31	31	27

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Kannan Venkateshwar Barclays	Barclays	Buy Maintains $750 → $700	Buy	Maintains	$750 → $700	+23.91%	Nov 5, 2025
Deepak Mathivanan Cantor Fitzgerald	Cantor Fitzgerald	Hold Maintains $640 → $675	Hold	Maintains	$640 → $675	+19.48%	Nov 5, 2025
Michael Morris Guggenheim	Guggenheim	Strong Buy Maintains $850 → $800	Strong Buy	Maintains	$850 → $800	+41.61%	Nov 5, 2025
Mark Zgutowicz Benchmark	Benchmark	Strong Buy Maintains $800 → $860	Strong Buy	Maintains	$800 → $860	+52.23%	Nov 5, 2025
Barton Crockett Rosenblatt	Rosenblatt	Hold Maintains $700 → $670	Hold	Maintains	$700 → $670	+18.60%	Nov 5, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

17.52B

from 15.67B

11.80%

from 15.67B

Revenue Next Year

20.06B

from 17.52B

14.47%

from 17.52B

EPS This Year

7.33

from 5.50

33.20%

from 5.50

EPS Next Year

12.51

from 7.33

70.75%

from 7.33

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	17.52B	20.06B
Revenue Growth	16.50%	22.69%	21.30%	12.96%	18.31%	11.80%	14.47%
EPS	-3.10	-1.03	-2.93	-2.73	5.50	7.33	12.51
EPS Growth	-	-	-	-	-	33.20%	70.75%
Forward PE	-	-	-	-	-	66.22	38.78
No. Analysts	-	-	-	-	-	40	38

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

Revenue Forecast

Revenue	2025	2026
High	18.2B	21.5B
Avg	17.5B	20.1B
Low	16.8B	18.6B

Revenue Growth

Revenue Growth	2025	2026
High	15.9%	22.6%
Avg	11.8%	14.5%
Low	7.0%	5.9%

EPS Forecast

EPS	2025	2026
High	9.60	18.78
Avg	7.33	12.51
Low	4.75	10.30

EPS Growth

EPS Growth	2025	2026
High	74.5%	156.4%
Avg	33.2%	70.8%
Low	-13.6%	40.6%

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.