Spotify Technology Stock Forecast

Stock Price Forecast

The 27 analysts with 12-month price forecasts for Spotify Technology stock have an average target of 731.3, with a low estimate of 525 and a high estimate of 900. The average target predicts an increase of 47.68% from the current stock price of 495.20.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$525	$731.3	$730	$900
Change	+6.02%	+47.68%	+47.42%	+81.74%

Analyst Ratings

The average analyst rating for Spotify Technology stock from 27 stock analysts 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	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26
Strong Buy	10	10	10	9	10	10
Buy	14	14	14	14	14	13
Hold	7	7	7	5	4	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	31	31	31	28	28	27

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Michael Morris Guggenheim	Guggenheim	Strong Buy Maintains $720 → $600	Strong Buy	Maintains	$720 → $600	+21.16%	Feb 24, 2026
Michael Morris Guggenheim	Guggenheim	Strong Buy Maintains $750 → $720	Strong Buy	Maintains	$750 → $720	+45.40%	Feb 11, 2026
Mark Mahaney Evercore ISI Group	Evercore ISI Group	Buy Maintains $750 → $700	Buy	Maintains	$750 → $700	+41.36%	Feb 11, 2026
Kannan Venkateshwar Barclays	Barclays	Buy Maintains $625 → $650	Buy	Maintains	$625 → $650	+31.26%	Feb 11, 2026
Deepak Mathivanan Cantor Fitzgerald	Cantor Fitzgerald	Hold Maintains $615 → $525	Hold	Maintains	$615 → $525	+6.02%	Feb 11, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

19.93B

from 17.19B

15.96%

from 17.19B

Revenue Next Year

22.68B

from 19.93B

13.79%

from 19.93B

EPS This Year

12.38

from 10.51

17.82%

from 10.51

EPS Next Year

15.70

from 12.38

26.80%

from 12.38

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	19.93B	22.68B
Revenue Growth	22.69%	21.30%	12.96%	18.31%	9.65%	15.96%	13.79%
EPS	-1.03	-2.93	-2.73	5.50	10.51	12.38	15.70
EPS Growth	-	-	-	-	91.09%	17.82%	26.80%
Forward PE	-	-	-	-	-	34.57	27.26
No. Analysts	-	-	-	-	-	40	30

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

Revenue Forecast

Revenue	2026	2027
High	21.0B	24.2B
Avg	19.9B	22.7B
Low	18.6B	20.9B

Revenue Growth

Revenue Growth	2026	2027
High	22.0%	21.2%
Avg	16.0%	13.8%
Low	8.2%	5.0%

EPS Forecast

EPS	2026	2027
High	18.78	18.78
Avg	12.38	15.70
Low	9.62	12.09

EPS Growth

EPS Growth	2026	2027
High	78.7%	51.7%
Avg	17.8%	26.8%
Low	-8.4%	-2.3%

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.