SPOTIFY TECHNOLOGY SA (639.DE) Forecast, Price Target & Analyst Ratings

FRA:639 • LU1778762911

448.75 EUR

+1.5 (+0.34%)

Last: Mar 13, 2026, 07:00 PM

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for SPOTIFY TECHNOLOGY SA (639.DE).

Consensus Price Target

Price Target

€571.18

+ 27.28% Upside

→ Price target details

Next Earnings Forecast

Earnings Estimate

Release Date: Apr 21, 2026
Period: Q1 / 2026
EPS Estimate: €2.98
Revenue Estimate: 4.615B

→ Full earnings forecast details

ChartMill Buy Consensus

Rating

82.17%

Weighted Analyst Rating Score

→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target

€571.18

Upside

+ 27.28%

From current price of €448.75 to mean target of €571.18, Based on 46 analyst forecasts

Low

€361.47

Median

€564.96

High

€840.77

Price Target Revisions

1 Month

-8.98%

3 Months

-12.66%

Price Target Summary

46 Wall Street analysts provided a forecast for the next 12 months for 639.DE. The average price target is 571.18 EUR. This implies a price increase of 27.28% is expected in the next year compared to the current price of 448.75.

The average price target has been revised downward by 12.66% in the past 3 months.

→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

Analyst Ratings History

Analyst Ratings Consensus

ChartMill Buy Consensus

82.17%

639.DE was analyzed by 46 analysts. The buy percentage consensus is at 82. So analysts seem to be very confident about 639.DE.

In the previous month the buy percentage consensus was at a similar level.

639.DE was analyzed by 46 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.

→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

Date	Firm	Action	From → To
2021-07-30	Truist Securities	Maintains	Buy
2021-07-29	Guggenheim	Upgrade	Neutral -> Buy
2021-07-29	UBS	Upgrade	Sell -> Neutral
2021-07-29	Credit Suisse	Maintains	Neutral
2021-07-29	Morgan Stanley	Maintains	Overweight
2021-07-26	Redburn Partners	Downgrade	Neutral -> Sell
2021-06-08	Citigroup	Maintains	Neutral
2021-04-29	Pivotal Research	Upgrade	Hold -> Buy
2021-04-23	Jefferies	Initiate	Buy
2021-04-05	Citigroup	Upgrade	Sell -> Neutral
2021-04-01	Wolfe Research	Initiate	Peer Perform
2021-02-23	Rosenblatt	Maintains	Buy
2021-02-23	JP Morgan	Maintains	Overweight
2021-02-23	Canaccord Genuity	Maintains	Buy
2021-02-10	Pivotal Research	Maintains	Hold

Next Earnings Forecast Details

Next Earnings Details

Release Date: Apr 21, 2026
Period: Q1 / 2026
EPS Estimate: €2.98
Revenue Estimate: 4.615B
Revenue Q2Q: 10.14%
EPS Q2Q: 178.70%
Number of Analysts: 25

Next Earnings Revisions

Revenue (1 Month)

-1.01%

Revenue (3 Months)

-2.16%

EPS (1 Month)

10.22%

EPS (3 Months)

10.59%

Next Earnings Summary

639.DE is expected to report earnings on 4/21/2026. The consensus EPS estimate for the next earnings is 2.98 EUR and the consensus revenue estimate is 4.62B EUR.

The next earnings revenue estimate has been revised downward by 2.16% in the past 3 months.

→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Revenue YoY % growth	13.247B 12.96%	15.673B 18.31%	17.186B 9.65%	19.876B 15.65%	22.62B 13.81%	25.474B 12.62%	28.433B 11.62%	31.496B 10.77%	36.265B 15.14%	40.546B 11.80%	45.238B 11.57%
EBITDA YoY % growth	47M 109.67%	1.529B 3,153.19%	2.3B 50.43%	3.28B 42.61%	4.165B 26.98%	5.057B 21.42%	5.224B 3.30%	5.92B 13.32%	6.294B 6.32%	6.948B 10.39%	7.581B 9.11%
EBIT YoY % growth	-111M 83.11%	1.408B 1,368.47%	2.198B 56.11%	3.088B 40.49%	3.955B 28.08%	4.849B 22.60%	5.101B 5.20%	6.057B 18.74%	7.142B 17.91%	8.058B 12.83%	9.222B 14.45%
Operating Margin	-0.84%	8.98%	12.79%	15.54%	17.48%	19.04%	17.94%	19.23%	19.69%	19.87%	20.39%
EPS YoY % growth	-2.01 33.66%	5.51 374.13%	8.36 51.72%	13.26 58.65%	16.58 24.97%	19.63 18.44%	20.84 6.13%	23.00 10.40%	25.24 9.73%	28.24 11.85%	31.23 10.60%

All data in EUR

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

	Q1 / 26	Q2 / 26	Q3 / 26	Q4 / 26
EPS Q2Q % growth	2.98 178.70%	3.05 826.29%	3.27 -0.33%	3.54 -20.03%
Revenue Q2Q % growth	4.615B 10.14%	4.868B 16.10%	5.09B 19.15%	5.418B 19.58%
EBITDA Q2Q % growth	731.9M 36.55%	751.34M 63.69%	878.3M 33.28%	982.31M 22.33%
EBIT Q2Q % growth	686.74M 34.92%	698.08M 71.94%	828.86M 42.42%	904.72M 29.06%

All data in EUR

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year

32.92%

EPS Next 5 Year

22.44%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year

13.29%

Revenue Next 5 Year

12.44%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year

32.32%

EBIT Next 5 Year

22.08%

→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

SPOTIFY TECHNOLOGY SA / 639.DE Forecast FAQ

Can you provide the average price target for SPOTIFY TECHNOLOGY SA stock?

46 analysts have analysed 639.DE and the average price target is 571.18 EUR. This implies a price increase of 27.28% is expected in the next year compared to the current price of 448.75.

Can you provide the upcoming earnings date for SPOTIFY TECHNOLOGY SA?

SPOTIFY TECHNOLOGY SA (639.DE) will report earnings on 2026-04-21, before the market open.

Can you provide the consensus estimates for SPOTIFY TECHNOLOGY SA next earnings?

The consensus EPS estimate for the next earnings of SPOTIFY TECHNOLOGY SA (639.DE) is 2.98 EUR and the consensus revenue estimate is 4.62B EUR.

What is the expected long term growth rate for 639 stock?

The expected long term growth rate for SPOTIFY TECHNOLOGY SA (639.DE) is 13.29%.

Analyst forecast overview

Forecast Snapshot