Spotify Technology S.A. (SPOT) Stock Forecast
Data as of Oct 31, 2026Communication Services · Current price $590.98 (+6.05%)
Price Target Range
Consensus Price Target Over Time
Analyst Rating Distribution
Last 3 Months
6-Month Trend
Latest Analyst Forecasts
Price targets issued by Wall Street analysts. Upside calculated against today's price.
| Date | Analyst | Firm | Price Target | Upside |
|---|---|---|---|---|
| Feb 11, 2026 | Michael Morris | Guggenheim | $720.00 | +21.8% |
| Feb 11, 2026 | Deepak Mathivanan | Cantor Fitzgerald | $525.00 | -11.2% |
| Feb 11, 2026 | Jeffrey Wlodarczak | Pivotal Research | $420.00 | -28.9% |
| Feb 11, 2026 | Clay Griffin | MoffettNathanson | $514.00 | -13.0% |
| Feb 10, 2026 | Maria Ripps | Canaccord Genuity | $750.00 | +26.9% |
| Jan 14, 2026 | Ian Moore | Bernstein | $650.00 | +10.0% |
| Jan 13, 2026 | Steven Cahall | Wells Fargo | $710.00 | +20.1% |
| Dec 18, 2025 | Benjamin Swinburne | Morgan Stanley | $775.00 | +31.1% |
| Nov 4, 2025 | Eric Sheridan | Goldman Sachs | $735.00 | +24.4% |
| Oct 30, 2025 | Ian Moore | Bernstein | $830.00 | +40.4% |
| Jul 30, 2025 | Jessica Reif Ehrlich | Bank of America Securities | $900.00 | +52.3% |
| Jul 10, 2025 | Benjamin Swinburne | Morgan Stanley | $850.00 | +43.8% |
| Jun 25, 2025 | Michael Morris | Guggenheim | $840.00 | +42.1% |
| May 20, 2025 | Maria Ripps | Canaccord Genuity | $775.00 | +31.1% |
| Apr 30, 2025 | Mark Mahaney | Evercore ISI | $650.00 | +10.0% |
| Apr 15, 2025 | John Hodulik | UBS | $680.00 | +15.1% |
| Mar 11, 2025 | Ed Vyvyan | Redburn Partners | $545.00 | -7.8% |
| Feb 4, 2025 | Mark Mahaney | UBS | $700.00 | +18.4% |
| Dec 18, 2024 | Benjamin Swinburne | Morgan Stanley | $550.00 | -6.9% |
| Dec 2, 2024 | Maria Ripps | Canaccord Genuity | $560.00 | -5.2% |
Top Analysts Covering SPOT
SPOT vs Sector & Market
| Metric | SPOT | Communication Services Avg | Large Cap Avg |
|---|---|---|---|
| Analyst Rating | 2.36 | 2.49 | 2.41 |
| Analyst Count | 33 | 9 | 19 |
| Target Upside | +6.2% | +593.8% | +21.5% |
| P/E Ratio | 54.97 | 10.95 | 38.49 |
Revenue Estimates
| Period | Low | Avg | High | # |
|---|---|---|---|---|
| 2026-12-31 | $19.51B | $19.86B | $20.37B | 25 |
| 2027-03-31 | $5.15B | $5.29B | $5.43B | 7 |
| 2027-06-30 | $5.39B | $5.53B | $5.68B | 7 |
| 2027-09-30 | $5.58B | $5.73B | $5.89B | 7 |
| 2027-12-31 | $5.90B | $6.06B | $6.23B | 7 |
| 2028-03-31 | $5.91B | $6.07B | $6.24B | 6 |
| 2028-06-30 | $6.28B | $6.45B | $6.63B | 6 |
| 2028-09-30 | $6.46B | $6.64B | $6.82B | 6 |
| 2028-12-31 | $6.75B | $6.94B | $7.13B | 6 |
| 2029-12-31 | $27.03B | $27.74B | $28.58B | 23 |
| 2030-12-31 | $28.68B | $29.44B | $30.33B | 15 |
EPS Estimates
| Period | Low | Avg | High | # |
|---|---|---|---|---|
| 2026-12-31 | $9.60 | $13.16 | $19.76 | 21 |
| 2027-03-31 | $3.75 | $3.88 | $4.02 | 3 |
| 2027-06-30 | $3.89 | $4.03 | $4.17 | 3 |
| 2027-09-30 | $4.16 | $4.31 | $4.46 | 4 |
| 2027-12-31 | $4.64 | $4.81 | $4.98 | 3 |
| 2028-03-31 | $4.22 | $4.37 | $4.53 | 4 |
| 2028-06-30 | $4.55 | $4.72 | $4.89 | 4 |
| 2028-09-30 | $4.67 | $4.84 | $5.01 | 6 |
| 2028-12-31 | $5.63 | $5.83 | $6.04 | 4 |
| 2029-12-31 | $18.31 | $18.94 | $19.69 | 13 |
| 2030-12-31 | $18.41 | $19.04 | $19.79 | 7 |
Frequently Asked Questions
What is the analyst consensus for SPOT?
The consensus among 33 analysts covering Spotify Technology S.A. (SPOT) is Buy with an average price target of $602.50.
What is the highest price target for SPOT?
The highest price target for SPOT is $900.00, set by Jessica Reif Ehrlich at Bank of America Securities on 2025-07-30.
What is the lowest price target for SPOT?
The lowest price target for SPOT is $95.00, set by Andrew Uerkwitz at Jefferies on 2023-01-12.
How many analysts cover SPOT?
33 analysts have issued ratings for Spotify Technology S.A. in the past 12 months.
Is SPOT a buy or sell right now?
Based on 33 analyst ratings, SPOT has a consensus rating of Buy (2.36/5) with a +6.2% upside to the consensus target of $602.50.
What are the earnings estimates for SPOT?
Analysts estimate SPOT will report EPS of $13.16 for the period ending 2026-12-31, with revenue estimated at $19.86B.
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Data updated daily. Analyst price targets sourced from public filings and broker reports. Not investment advice.