SPOTIFY TECHNOLOGY SA (SPOT) Forecast, Price Target & Analyst Ratings

NYSE:SPOT • LU1778762911

Current stock price

536.61 USD
+5.16 (+0.97%)
At close:
536.74 USD
+0.13 (+0.02%)
After Hours:

Analyst forecast overview

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

Forecast Snapshot

Consensus Price Target

Price Target
$657.24
+ 22.48% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Apr 28, 2026
Period
Q1 / 2026
EPS Estimate
€3.00
Revenue Estimate
4.617B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
82.13%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$657.24
Upside
+ 22.48%
From current price of $536.61 to mean target of $657.24, Based on 47 analyst forecasts
Low
$424.20
Median
$663.00
High
$856.84

Price Target Revisions

1 Month
-1.95%
3 Months
-14.37%

Price Target Summary

47 Wall Street analysts provided a forecast for the next 12 months for SPOT. The average price target is 657.24 USD. This implies a price increase of 22.48% is expected in the next year compared to the current price of 536.61.
The average price target has been revised downward by 14.37% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

SPOT Current Analyst RatingSPOT Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 5 10 15 20 25

Analyst Ratings History

SPOT Historical Analyst RatingsSPOT Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 10 20 30 40

Analyst Ratings Consensus

ChartMill Buy Consensus
82.13%
SPOT was analyzed by 47 analysts. The buy percentage consensus is at 82. So analysts seem to be very confident about SPOT.
In the previous month the buy percentage consensus was at a similar level.
SPOT was analyzed by 47 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

DateFirmActionFrom → To
2026-04-15KeybancMaintains Overweight -> Overweight
2026-04-13Wells FargoMaintains Overweight -> Overweight
2026-04-08BarclaysMaintains Overweight -> Overweight
2026-03-26Daiwa CapitalInitiate Buy
2026-02-24GuggenheimMaintains Buy -> Buy
2026-02-11Cantor FitzgeraldMaintains Neutral -> Neutral
2026-02-11GuggenheimMaintains Buy -> Buy
2026-02-11BarclaysMaintains Overweight -> Overweight
2026-02-11Evercore ISI GroupMaintains Outperform -> Outperform
2026-02-09KeybancMaintains Overweight -> Overweight
2026-01-23Goldman SachsUpgrade Neutral -> Buy
2026-01-20BarclaysMaintains Overweight -> Overweight
2026-01-16BenchmarkMaintains Buy -> Buy
2026-01-14BernsteinMaintains Outperform -> Outperform
2026-01-13Wells FargoMaintains Overweight -> Overweight
2026-01-09UBSMaintains Buy -> Buy
2026-01-08Cantor FitzgeraldMaintains Neutral -> Neutral
2026-01-08GuggenheimMaintains Buy -> Buy
2025-12-17CitizensInitiate Market Outperform
2025-11-05Cantor FitzgeraldMaintains Neutral -> Neutral
2025-11-05GuggenheimMaintains Buy -> Buy
2025-11-05BenchmarkMaintains Buy -> Buy
2025-11-05RosenblattMaintains Neutral -> Neutral
2025-11-05BarclaysMaintains Overweight -> Overweight
2025-10-29RosenblattMaintains Neutral -> Neutral

Next Earnings Forecast Details

Next Earnings Details

Release Date
Apr 28, 2026
Period
Q1 / 2026
EPS Estimate
€3.00
Revenue Estimate
4.617B
Revenue Q2Q
10.19%
EPS Q2Q
180.30%
Number of Analysts
28

Next Earnings Revisions

Revenue (1 Month)
0.04%
Revenue (3 Months)
-1.30%
EPS (1 Month)
0.57%
EPS (3 Months)
11.53%

Next Earnings Summary

SPOT is expected to report earnings on 4/28/2026. The consensus EPS estimate for the next earnings is 3 USD and the consensus revenue estimate is 4.62B USD.
The next earnings revenue estimate has been revised downward by 1.3% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2033

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
SPOT revenue by date.SPOT revenue by date.
13.247B
12.96%		15.673B
18.31%		17.186B
9.65%		19.891B
15.74%		22.55B
13.37%		25.323B
12.30%		28.433B
12.28%		31.496B
10.77%		36.265B
15.14%		40.546B
11.80%		45.238B
11.57%
EBITDA
YoY % growth
SPOT ebitda by date.SPOT ebitda by date.
47M
109.67%		1.529B
3,153.19%		2.3B
50.43%		3.281B
42.65%		4.183B
27.49%		5.064B
21.06%		5.224B
3.16%		5.92B
13.32%		6.294B
6.32%		6.948B
10.39%		7.581B
9.11%
EBIT
YoY % growth
SPOT ebit by date.SPOT ebit by date.
-111M
83.11%		1.408B
1,368.47%		2.198B
56.11%		3.084B
40.31%		3.941B
27.79%		4.82B
22.30%		5.101B
5.83%		6.057B
18.74%		7.142B
17.91%		8.058B
12.83%		9.222B
14.45%
Operating Margin
SPOT operating margin by date.SPOT operating margin by date.
-0.84%8.98%12.79%15.50%17.48%19.03%17.94%19.23%19.69%19.87%20.39%
EPS
YoY % growth
SPOT eps by date.SPOT eps by date.
-2.01
33.66%		5.51
374.13%		8.36
51.72%		13.28
58.87%		16.59
24.93%		19.67
18.57%		20.84
5.90%		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 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27
EPS
Q2Q % growth		3.00
180.30%		3.02
819.73%		3.41
3.90%		3.81
-13.96%		3.95
31.61%		4.07
34.52%		4.42
29.78%		4.84
27.04%
Revenue
Q2Q % growth		4.617B
10.19%		4.868B
16.10%		5.056B
18.35%		5.349B
18.05%		5.289B
14.55%		5.535B
13.70%		5.732B
13.37%		6.046B
13.03%
EBITDA
Q2Q % growth		737.07M
37.51%		751.76M
63.78%		861.18M
30.68%		967.27M
20.46%		951.94M
29.15%		991.01M
31.83%		1.069B
24.13%		1.173B
21.27%
EBIT
Q2Q % growth		694.23M
36.39%		698.83M
72.13%		804.4M
38.21%		914.34M
30.43%		905.02M
30.36%		944.14M
35.10%		1.023B
27.18%		1.127B
23.26%

All data in EUR

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

SPOT Yearly Revenue VS EstimatesSPOT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10B 20B 30B 40B
SPOT Yearly EPS VS EstimatesSPOT Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 0 10 20 30

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
33.02%
EPS Next 5 Year
22.44%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
13.06%
Revenue Next 5 Year
12.44%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
32.38%
EBIT Next 5 Year
22.08%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

SPOTIFY TECHNOLOGY SA / SPOT Forecast FAQ

What is the price target for SPOT stock?

47 analysts have analysed SPOT and the average price target is 657.24 USD. This implies a price increase of 22.48% is expected in the next year compared to the current price of 536.61.

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

SPOTIFY TECHNOLOGY SA (SPOT) will report earnings on 2026-04-28, before the market open.

What are the consensus estimates for SPOT stock next earnings?

The consensus EPS estimate for the next earnings of SPOTIFY TECHNOLOGY SA (SPOT) is 3 USD and the consensus revenue estimate is 4.62B USD.

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

The expected long term growth rate for SPOTIFY TECHNOLOGY SA (SPOT) is 13.06%.