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Spotify (SPOT) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

SPOT Stock Forecast

Spotify stock forecast is as follows: an average price target of $459.42 (represents a -14.74% downside from SPOT’s last price of $538.83) and a rating consensus of 'Buy', based on 31 wall street analysts offering a 1-year stock forecast.

SPOT Price Target

The average price target for Spotify (SPOT) is $459.42 based on 1-year price targets from 31 Wall Street analysts in the past 3 months, with a price target range of $560.00 to $340.00. This represents a potential -14.74% downside from SPOT's last price of $538.83.

SPOT Analyst Ratings

Buy

According to 31 Wall Street analysts, Spotify's rating consensus is 'Buy'. The analyst rating breakdown for SPOT stock is 0 'Strong Buy' (0.00%), 25 'Buy' (80.65%), 6 'Hold' (19.35%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Spotify Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Dec 18, 2024Benjamin SwinburneMorgan Stanley$550.00$448.6522.59%2.07%
Dec 02, 2024Maria RippsCanaccord Genuity$560.00$475.3817.80%3.93%
Nov 13, 2024Maria RippsCanaccord Genuity$525.00$339.9054.46%-2.57%
Nov 13, 2024Matt FarrellPiper Sandler$450.00$339.9032.39%-16.49%
Nov 13, 2024Alan GouldLoop Capital Markets$435.00$339.9027.98%-19.27%
Nov 06, 2024Benjamin BlackDeutsche Bank$440.00$381.9615.20%-18.34%
Oct 17, 2024Barton CrockettRosenblatt Securities$438.00$371.6917.84%-18.71%
Oct 16, 2024Justin PattersonKeyBanc$490.00$373.2731.27%-9.06%
Oct 04, 2024Eric SheridanGoldman Sachs$430.00$371.4515.76%-20.20%
Sep 25, 2024James HeaneyJefferies$445.00$380.3616.99%-17.41%
Sep 24, 2024Kenneth LeonCFRA$425.00$380.3611.74%-21.13%
Sep 19, 2024Jeffrey WlodarczakPivotal Research$510.00$363.5540.29%-5.35%
Sep 16, 2024Justin PattersonKeyBanc$440.00$337.5830.34%-18.34%
Sep 10, 2024Justin PattersonKeyBanc$420.00$324.9329.26%-22.05%
Sep 04, 2024Deepak MathivananCantor Fitzgerald$340.00$329.253.26%-36.90%
Jul 24, 2024Barton CrockettRosenblatt Securities$399.00$332.0820.15%-25.95%
Jul 24, 2024Eric SheridanGoldman Sachs$425.00$332.0827.98%-21.13%
Jul 24, 2024Benjamin BlackDeutsche Bank$430.00$341.4425.94%-20.20%
Jul 24, 2024Michael MorrisGuggenheim$420.00$330.7926.97%-22.05%
Jul 23, 2024Jeffrey WlodarczakPivotal Research$460.00$330.7939.06%-14.63%
Jul 22, 2024Mark ZgutowiczWolfe Research$405.00$295.4537.08%-24.84%
Jul 12, 2024Devin BriscoWolfe Research$390.00$305.1327.81%-27.62%
Jul 10, 2024Justin PattersonKeyBanc$410.00$304.9934.43%-23.91%
Jul 10, 2024Agnieszka PustulaRedburn Partners$230.00$306.47-24.95%-57.31%
Jun 26, 2024Justin PattersonKeyBanc$400.00$318.9625.41%-25.77%
Jun 03, 2024Maria RippsCanaccord Genuity$370.00$310.7119.08%-31.33%
Apr 24, 2024Matt FarrellPiper Sandler$320.00$281.7113.59%-40.61%
Apr 23, 2024Mark MahaneyEvercore ISI$340.00$310.289.58%-36.90%
Apr 23, 2024Kenneth LeonCFRA$325.00$318.112.16%-39.68%
Apr 23, 2024Jeffrey WlodarczakPivotal Research$400.00$305.5630.91%-25.77%
Apr 17, 2024Eric SheridanGoldman Sachs$277.00$298.08-7.07%-48.59%
Apr 09, 2024Matt FarrellPiper Sandler$250.00$309.07-19.11%-53.60%
Apr 05, 2024Jeffrey WlodarczakPivotal Research$390.00$295.9631.77%-27.62%
Apr 04, 2024Barton CrockettRosenblatt Securities$315.00$291.777.96%-41.54%
Apr 03, 2024Mark MahaneyEvercore ISI$285.00$287.23-0.78%-47.11%
Mar 27, 2024Justin PattersonKeyBanc$300.00$262.8114.15%-44.32%
Mar 27, 2024Joseph ThomasHSBC$310.00$262.8117.96%-42.47%
Feb 07, 2024Tim NollenMacquarie$300.00$238.5425.77%-44.32%
Jan 30, 2024Batya LeviUBS$274.00$217.6225.91%-49.15%
Jan 05, 2024Jeffrey WlodarczakPivotal Research$265.00$192.4637.69%-50.82%
Dec 05, 2023Tim NollenMorgan Stanley$232.00$199.3216.40%-56.94%
Oct 25, 2023Manan GosaliaMorgan Stanley$202.00$161.8224.83%-62.51%
Oct 25, 2023Andrew MarokRaymond James$210.00$161.8229.77%-61.03%
Oct 11, 2023Matt FarrellPiper Sandler$150.00$156.57-4.20%-72.16%
Oct 04, 2023Benjamin SwinburneMorgan Stanley$185.00$159.5815.93%-65.67%
Oct 02, 2023Matthew ThorntonTruist Financial$176.00$157.3011.89%-67.34%
Jul 26, 2023Benjamin BlackDeutsche Bank$180.00$140.3828.22%-66.59%
Jun 27, 2023Matthew ThorntonTruist Financial$170.00$158.627.17%-68.45%
Jun 21, 2023Zach MorrisseyWolfe Research$190.00$156.1021.72%-64.74%
Feb 06, 2023Hamilton FaberAtlantic Equities$160.00$124.0229.01%-70.31%
Feb 06, 2023Steven CahallWells Fargo$180.00$121.1748.55%-66.59%
Feb 02, 2023Truist Financial$132.00$118.1411.73%-75.50%
Feb 01, 2023Benjamin SwinburneMorgan Stanley$130.00$116.9711.14%-75.87%
Feb 01, 2023Mario LuBarclays$145.00$116.9723.96%-73.09%
Feb 01, 2023Rosenblatt Securities$110.00$112.72-2.41%-79.59%
Feb 01, 2023Pivotal Research$130.00$112.7215.33%-75.87%
Feb 01, 2023Raymond James$130.00$112.7215.33%-75.87%
Jan 12, 2023Andrew UerkwitzJefferies$95.00$91.753.54%-82.37%
Dec 19, 2022Morgan Stanley$105.00$73.2643.33%-80.51%
Oct 26, 2022Mario LuBarclays$135.00$97.0539.10%-74.95%
Oct 26, 2022Jessica Reif CohenBank of America Securities$120.00$97.0523.65%-77.73%
Oct 26, 2022Andrew MarokRaymond James$110.00$97.0513.34%-79.59%
Oct 07, 2022Matthew ThorntonTruist Financial$125.00$92.2535.50%-76.80%
Sep 27, 2022Justin PattersonLoop Capital Markets$148.00$89.1466.03%-72.53%
Aug 04, 2022Benjamin SwinburneMorgan Stanley$140.00$121.1615.55%-74.02%
Jul 28, 2022Citigroup$145.00$116.6124.35%-73.09%
Jul 07, 2022Evercore ISI$230.00$105.86117.26%-57.31%
Jul 07, 2022Citigroup$150.00$103.7444.59%-72.16%
Jun 30, 2022Steven CahallWells Fargo$124.00$94.4231.34%-76.99%
Jun 16, 2022Benjamin SwinburneMorgan Stanley$170.00$97.8073.83%-68.45%
Jun 09, 2022Eric SheridanGoldman Sachs$133.00$111.9318.82%-75.32%
Jun 09, 2022Jessica Reif CohenBank of America Securities$164.00$111.9346.52%-69.56%
Jun 06, 2022Andrew MarokRaymond James$150.00$112.8632.91%-72.16%
Jun 06, 2022Andrew MarokRaymond James$150.00$111.0435.09%-72.16%
Jun 03, 2022Justin PattersonKeyBanc$210.00$112.1987.18%-61.03%
May 03, 2022Matthew ThorntonTruist Financial$150.00$108.8637.79%-72.16%
Apr 29, 2022Citigroup$165.00$105.3256.67%-69.38%
Apr 28, 2022Barclays$170.00$103.2264.69%-68.45%
Apr 28, 2022Wells Fargo$101.00$103.26-2.19%-81.26%
Apr 28, 2022Justin PattersonLoop Capital Markets$210.00$96.62117.35%-61.03%
Apr 28, 2022Eric SheridanGoldman Sachs$150.00$96.9954.66%-72.16%
Apr 27, 2022Guggenheim$95.00$97.77-2.83%-82.37%
Apr 19, 2022Rosenblatt Securities$150.00$138.108.62%-72.16%
Apr 18, 2022Justin PattersonKeyBanc$235.00$134.5174.71%-56.39%
Apr 09, 2022Matthew ThorntonTruist Financial$210.00$141.2848.64%-61.03%
Apr 05, 2022Eric SheridanUBS$185.00$148.9124.24%-65.67%
Mar 16, 2022Benjamin BlackDeutsche Bank$140.00$133.584.81%-74.02%
Mar 04, 2022Matthew HarriganBenchmark Co.$260.00$135.1792.35%-51.75%
Feb 08, 2022Jessica Reif EhrlichBank of America Securities$262.00$165.9257.91%-51.38%
Feb 03, 2022Doug AnmuthJ.P. Morgan$280.00$159.7675.26%-48.04%
Feb 03, 2022Brian WhiteMonness$240.00$159.7650.23%-55.46%
Feb 03, 2022Hamilton FaberAtlantic Equities$210.00$159.7631.45%-61.03%
Feb 03, 2022Steven CahallWells Fargo$153.00$159.76-4.23%-71.61%
Feb 03, 2022Mario LuBarclays$280.00$159.7675.26%-48.04%
Feb 03, 2022Justin PattersonKeyBanc$260.00$159.7662.74%-51.75%
Feb 03, 2022Douglas MitchelsonCredit Suisse$238.00$159.7648.97%-55.83%
Feb 03, 2022Andrew UerkwitzJefferies$275.00$159.7672.13%-48.96%
Feb 03, 2022Deepak MathivananWolfe Research$220.00$159.7637.71%-59.17%
Feb 02, 2022Jeffrey WlodarczakPivotal Research$235.00$191.9222.45%-56.39%
Feb 02, 2022Richard GreenfieldLightShed Partners$260.00$191.9235.47%-51.75%
Jan 31, 2022Jason BazinetCitigroup$240.00$196.2622.29%-55.46%
Jul 26, 2021Nick DelfasRedburn Partners$170.00$240.59-29.34%-68.45%
Apr 30, 2021Alan GouldLoop Capital Markets$280.00$252.1211.06%-48.04%

The latest Spotify stock forecast, released on Dec 18, 2024 by Benjamin Swinburne from Morgan Stanley, set a price target of $550.00, which represents a 22.59% increase from the stock price at the time of the forecast ($448.65), and a 2.07% increase from SPOT last price ($538.83).

Spotify Price Target by Period

1M3M12M
# Anlaysts-638
Avg Price Target-$493.33$396.03
Last Closing Price$538.83$538.83$538.83
Upside/Downside-100.00%-8.44%-26.50%

In the current month, the average price target of Spotify stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Spotify's last price of $538.83. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Jan 14, 2025GuggenheimBuyBuyHold
Jan 10, 2025KeyBancOverweightOverweightHold
Jan 07, 2025Cantor FitzgeraldNeutralNeutralHold
Dec 18, 2024Morgan StanleyOverweightOverweightHold
Dec 02, 2024Canaccord GenuityBuyBuyHold
Nov 13, 2024Cowen & Co.HoldHoldHold
Nov 13, 2024Canaccord GenuityBuyBuyHold
Nov 13, 2024Piper SandlerNeutralNeutralHold
Nov 13, 2024BenchmarkBuyBuyHold
Nov 13, 2024Loop Capital MarketsHoldHoldHold
Oct 23, 2024Morgan StanleyOverweightOverweightHold
Oct 16, 2024KeyBancOverweightOverweightHold
Oct 09, 2024BarclaysOverweightOverweightHold
Oct 04, 2024Goldman SachsBuyBuyHold
Sep 25, 2024JefferiesBuyBuyHold
Sep 24, 2024CFRABuyBuyHold
Sep 19, 2024Pivotal ResearchBuyBuyHold
Sep 10, 2024KeyBancOverweightOverweightHold
Sep 04, 2024Cantor FitzgeraldNeutralInitialise
Aug 28, 2024Evercore ISIOutperformOutperformHold
Jul 24, 2024Rosenblatt SecuritiesBuyBuyHold
Jul 24, 2024Deutsche BankBuyBuyHold
Jul 24, 2024Morgan StanleyOverweightOverweightHold
Jul 24, 2024Cowen & Co.HoldHoldHold
Jul 24, 2024GuggenheimBuyBuyHold
Jul 24, 2024Wells FargoOverweightOverweightHold
Jul 24, 2024BarclaysOverweightOverweightHold
Jul 23, 2024Goldman SachsNeutralBuyUpgrade
Jul 23, 2024Pivotal ResearchBuyBuyHold
Jul 23, 2024MacquarieOutperformOutperformHold
Jul 23, 2024Evercore ISIOutperformOutperformHold
Jul 22, 2024BenchmarkBuyBuyHold
Jul 11, 2024UBSBuyBuyHold
Jul 11, 2024JefferiesBuyUpgrade
Jul 02, 2024Bank of America SecuritiesBuyBuyHold
Jun 26, 2024KeyBancOverweightOverweightHold
Jun 04, 2024BenchmarkBuyBuyHold
Jun 03, 2024Canaccord GenuityBuyBuyHold
Jun 03, 2024Evercore ISIOutperformOutperformHold
May 07, 2024CitigroupNeutralNeutralHold
Apr 26, 2024CFRAHoldBuyUpgrade
Apr 24, 2024J.P. MorganOverweightOverweightHold
Apr 23, 2024CFRAHoldHoldHold
Apr 18, 2024BenchmarkBuyBuyHold
Apr 17, 2024Deutsche BankBuyBuyHold
Apr 17, 2024Goldman SachsNeutralNeutralHold
Apr 09, 2024Piper SandlerNeutralNeutralHold
Apr 05, 2024UBSBuyBuyHold
Apr 05, 2024Pivotal ResearchBuyBuyHold
Apr 04, 2024Morgan StanleyOverweightOverweightHold
Apr 03, 2024Evercore ISIOutperformOutperformHold
Mar 27, 2024KeyBancOverweightOverweightHold
Mar 27, 2024HSBCBuyInitialise
Feb 07, 2024MacquarieOutperformOutperformHold
Feb 07, 2024Morgan StanleyOverweightOverweightHold
Jan 30, 2024UBSNeutralBuyUpgrade
Jan 05, 2024BenchmarkBuyBuyHold
Jan 05, 2024Rosenblatt SecuritiesBuyUpgrade
Dec 21, 2023Pivotal ResearchHoldBuyUpgrade
Dec 05, 2023Canaccord GenuityBuyBuyHold
Oct 25, 2023Morgan StanleyOverweightOverweightHold
Oct 25, 2023BenchmarkBuyBuyHold
Oct 25, 2023Raymond JamesOverweightOverweightHold
Oct 25, 2023BarclaysBuyBuyHold
Oct 25, 2023BMO CapitalOverweightOverweightHold
Oct 11, 2023Piper SandlerNeutralNeutralHold
Oct 04, 2023Morgan StanleyOverweightOverweightHold
Jul 27, 2023OppenheimerPerformPerformHold
Jul 26, 2023BarclaysNeutralNeutralHold
Jul 26, 2023Goldman SachsNeutralNeutralHold
Jun 21, 2023Wolfe ResearchOutperformUpgrade
Jun 05, 2023CitigroupOutperformOutperformHold
Mar 22, 2023GuggenheimNeutralBuyUpgrade
Mar 13, 2023Redburn PartnersNeutralBuyUpgrade
Feb 06, 2023Wells FargoEqual-WeightOverweightUpgrade
Feb 06, 2023Atlantic EquitiesOverweightUpgrade
Feb 01, 2023Credit SuisseNeutralNeutralHold
Feb 01, 2023Morgan StanleyOverweightOverweightHold
Feb 01, 2023BarclaysOverweightOverweightHold
Feb 01, 2023Pivotal ResearchHoldHoldHold
Feb 01, 2023Raymond JamesOutperformOutperformHold
Dec 19, 2022Morgan StanleyOverweightOverweightHold
Sep 27, 2022KeyBancOverweightOverweightHold
Aug 04, 2022Morgan StanleyOverweightOverweightHold
Jul 28, 2022CitigroupBuyBuyHold
Jul 07, 2022Evercore ISIOutperformOutperformHold
Jun 23, 2022CitigroupBuyBuyHold
Jun 15, 2022Wells FargoUnderweightEqual-WeightUpgrade
Jun 15, 2022Wells FargoUnderweightUnderweightUpgrade
Jun 06, 2022Raymond JamesOutperformMarket PerformUpgrade
Jun 06, 2022Raymond JamesOutperformUpgrade
Jun 03, 2022KeyBancOverweightOverweightHold
May 18, 2022Stifel NicolausBuyBuyHold
Apr 30, 2022Goldman SachsNeutralNeutralHold
Apr 29, 2022Morgan StanleyOverweightOverweightHold
Apr 29, 2022CitigroupBuyBuyHold
Apr 28, 2022BarclaysOverweightOverweightHold
Apr 28, 2022Wells FargoUnderweightUnderweightHold
Apr 28, 2022Pivotal ResearchBuyBuyDowngrade
Apr 28, 2022Goldman SachsHoldHoldHold
Apr 27, 2022GuggenheimNeutralDowngrade
Apr 26, 2022CitigroupBuyUpgrade
Apr 25, 2022Redburn PartnersNeutralUpgrade
Apr 18, 2022KeyBancOverweightOverweightHold
Apr 05, 2022UBSNeutralNeutralHold
Mar 16, 2022Deutsche BankHoldInitialise
Mar 04, 2022BenchmarkBuyBuyHold
Feb 06, 2022BarclaysOverweightOverweightHold
May 01, 2021Pivotal ResearchBuyUpgrade
Oct 28, 2020Morgan StanleyOverweightOverweightHold

Spotify's last stock rating was published by Guggenheim on Jan 14, 2025. The company gave SPOT a "Buy" rating, the same as its previous rate.

Spotify Financial Forecast

Spotify Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue---------------$3.04B$3.17B$3.04B$2.86B$2.66B$2.69B$2.50B$2.33B$2.15B$2.17B$1.98B$1.89B$1.85B$1.85B$1.73B
Avg Forecast$5.76B$5.52B$5.27B$5.02B$5.01B$4.80B$4.58B$4.37B$4.29B$4.48B$4.10B$3.90B$4.10B$3.52B$3.50B$3.36B$3.40B$2.96B$2.95B$2.89B$3.02B$2.84B$2.71B$2.52B$2.62B$2.34B$2.16B$2.04B$2.13B$1.87B
High Forecast$5.90B$5.66B$5.40B$5.15B$5.13B$4.92B$4.70B$4.48B$4.32B$4.59B$4.20B$3.99B$4.17B$3.75B$3.59B$3.44B$3.47B$2.96B$2.95B$2.89B$3.02B$2.84B$2.71B$2.52B$2.62B$2.34B$2.16B$2.04B$2.13B$1.87B
Low Forecast$5.63B$5.40B$5.15B$4.91B$4.90B$4.69B$4.48B$4.29B$4.19B$4.38B$4.01B$3.81B$4.06B$3.48B$3.42B$3.28B$3.37B$2.96B$2.95B$2.89B$3.02B$2.84B$2.71B$2.52B$2.62B$2.34B$2.16B$2.04B$2.13B$1.87B
# Analysts58559641115745722111116101018111321111577986
Surprise %---------------0.91%0.93%1.03%0.97%0.92%0.89%0.88%0.86%0.85%0.83%0.84%0.87%0.91%0.87%0.92%

Spotify's average Quarter revenue forecast for Jun 23 based on 11 analysts is $3.50B, with a low forecast of $3.42B, and a high forecast of $3.59B. SPOT's average Quarter revenue forecast represents a 15.06% increase compared to the company's last Quarter revenue of $3.04B (Mar 23).

Spotify EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts58559641115745722111116101018111321111577986
EBITDA---------------$-85.00M$-292.00M$-147.00M$-110.00M$130.00M$46.00M$205.00M$49.00M$127.00M$-36.00M$2.00M$-417.00M$78.00M$-336.00M$302.00M
Avg Forecast$-41.18M$-39.47M$-37.67M$-35.90M$-35.79M$-34.31M$-32.77M$-31.26M$-30.67M$-32.04M$-29.29M$456.94M$-29.32M$-25.15M$-25.02M$488.70M$68.77M$26.39M$26.30M$522.67M$26.93M$25.32M$24.20M$172.59M$23.35M$20.93M$19.29M$111.75M$18.97M$16.73M
High Forecast$-40.27M$-38.59M$-36.84M$-35.10M$-35.00M$-33.54M$-32.04M$-30.68M$-29.97M$-31.33M$-28.63M$548.32M$-29.02M$-24.84M$-24.46M$586.44M$82.53M$26.39M$26.30M$627.21M$26.93M$25.32M$24.20M$207.11M$23.35M$20.93M$19.29M$134.10M$18.97M$16.73M
Low Forecast$-42.21M$-40.45M$-38.61M$-36.79M$-36.68M$-35.16M$-33.59M$-32.05M$-30.88M$-32.84M$-30.01M$365.55M$-29.84M$-26.79M$-25.64M$390.96M$55.02M$26.39M$26.30M$418.14M$26.93M$25.32M$24.20M$138.07M$23.35M$20.93M$19.29M$89.40M$18.97M$16.73M
Surprise %----------------0.17%-4.25%-5.57%-4.18%0.25%1.71%8.10%2.02%0.74%-1.54%0.10%-21.61%0.70%-17.71%18.05%

10 analysts predict SPOT's average Quarter EBITDA for Jun 22 to be $26.30M, with a high of $26.30M and a low of $26.30M. This is -79.77% lower than Spotify's previous annual EBITDA (Mar 22) of $130.00M.

Spotify Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts58559641115745722111116101018111321111577986
Net Income---------------$-225.00M$-270.00M$-166.00M$-125.00M$131.00M$-39.00M$2.00M$-20.00M$23.00M$-125.00M$-101.00M$-356.00M$1.00M$-209.00M$241.00M
Avg Forecast$709.73M$659.59M$555.59M$507.89M$560.00M$537.22M$447.82M$404.13M$409.87M$349.01M$217.45M$296.33M$-77.62M$-46.43M$-130.93M$316.93M$-58.31M$-176.00M$-140.12M$338.96M$-105.77M$-43.16M$-75.60M$31.26M$-101.55M$-108.14M$-72.26M$1.43M$-31.88M$-49.42M
High Forecast$732.68M$680.92M$573.56M$524.32M$578.12M$554.59M$462.31M$488.42M$476.39M$358.36M$218.40M$355.60M$640.34M$4.04M$-127.15M$380.32M$-46.65M$-176.00M$-140.12M$406.75M$-105.77M$-43.16M$-75.60M$37.51M$-101.55M$-108.14M$-72.26M$1.72M$-31.88M$-49.42M
Low Forecast$689.23M$640.54M$539.54M$493.23M$543.83M$521.70M$434.89M$356.59M$315.45M$339.66M$216.50M$237.06M$-388.09M$-183.69M$-135.16M$253.54M$-69.97M$-176.00M$-140.12M$271.17M$-105.77M$-43.16M$-75.60M$25.01M$-101.55M$-108.14M$-72.26M$1.15M$-31.88M$-49.42M
Surprise %----------------0.71%4.63%0.94%0.89%0.39%0.37%-0.05%0.26%0.74%1.23%0.93%4.93%0.70%6.56%-4.88%

Spotify's average Quarter net income forecast for Jun 22 is $-140.12M, with a range of $-140.12M to $-140.12M. SPOT's average Quarter net income forecast represents a -206.96% decrease compared to the company's last Quarter net income of $131.00M (Mar 22).

Spotify SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts58559641115745722111116101018111321111577986
SG&A---------------$487.00M$617.00M$592.00M$562.00M$427.00M$466.00M$385.00M$396.00M$338.00M$412.00M$353.00M$379.00M$327.00M$378.00M$251.00M
Avg Forecast$1.01B$963.39M$919.59M$876.23M$873.63M$837.36M$799.94M$763.04M$748.63M$782.15M$714.83M$965.90M$715.67M$613.88M$610.71M$1.03B$696.72M$515.94M$514.23M$1.10B$526.46M$495.01M$473.12M$459.33M$456.51M$409.13M$377.18M$468.48M$370.90M$327.02M
High Forecast$1.03B$987.36M$942.48M$898.03M$895.37M$858.20M$819.84M$782.42M$753.80M$801.61M$732.61M$1.16B$728.32M$653.89M$625.90M$1.24B$836.06M$515.94M$514.23M$1.33B$526.46M$495.01M$473.12M$551.20M$456.51M$409.13M$377.18M$562.17M$370.90M$327.02M
Low Forecast$982.89M$941.99M$899.17M$856.77M$854.23M$818.76M$782.17M$748.94M$731.42M$764.77M$698.95M$772.72M$708.44M$606.43M$597.14M$826.44M$557.37M$515.94M$514.23M$883.89M$526.46M$495.01M$473.12M$367.47M$456.51M$409.13M$377.18M$374.78M$370.90M$327.02M
Surprise %---------------0.47%0.89%1.15%1.09%0.39%0.89%0.78%0.84%0.74%0.90%0.86%1.00%0.70%1.02%0.77%

Spotify's average Quarter SG&A projection for Jun 23 is $610.71M, based on 11 Wall Street analysts, with a range of $597.14M to $625.90M. The forecast indicates a 25.40% rise compared to SPOT last annual SG&A of $487.00M (Mar 23).

Spotify EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts58559641115745722111116101018111321111577986
EPS---------------$-1.16$-1.40$-0.86$-0.65$0.68$-0.20$0.01$-0.10$0.12$-0.66$-0.53$-1.91$0.01$-1.14$1.34
Avg Forecast$3.42$3.18$2.68$2.45$2.70$2.59$2.16$1.95$1.98$1.68$1.05$0.63$-0.37$-0.22$-0.63$-0.86$-1.27$-0.85$-0.68$-0.25$-0.51$-0.21$-0.37$-0.40$-0.49$-0.52$-0.35$-0.47$-0.15$-0.24
High Forecast$3.53$3.28$2.77$2.53$2.79$2.67$2.23$2.35$2.30$1.73$1.05$0.63$3.09$0.02$-0.61$-0.83$-1.26$-0.85$-0.68$-0.25$-0.51$-0.21$-0.37$-0.40$-0.49$-0.52$-0.35$-0.47$-0.15$-0.24
Low Forecast$3.32$3.09$2.60$2.38$2.62$2.52$2.10$1.72$1.52$1.64$1.04$0.62$-1.87$-0.89$-0.65$-0.89$-1.30$-0.85$-0.68$-0.25$-0.51$-0.21$-0.37$-0.40$-0.49$-0.52$-0.35$-0.47$-0.15$-0.24
Surprise %---------------1.35%1.10%1.01%0.96%-2.67%0.39%-0.05%0.27%-0.30%1.34%1.01%5.45%-0.01%7.37%-5.59%

According to 10 Wall Street analysts, Spotify's projected average Quarter EPS for Jun 22 is $-0.68, with a low estimate of $-0.68 and a high estimate of $-0.68. This represents a -199.97% decrease compared to SPOT previous annual EPS of $0.68 (Mar 22).

Spotify Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
PINSPinterest$33.22$43.1729.95%Buy
BIDUBaidu$89.61$115.0028.33%Buy
FVRRFiverr$31.87$39.0022.37%Buy
SNAPSnap$11.63$13.0412.12%Hold
GOOGAlphabet$197.18$208.675.83%Buy
METAMeta Platforms$676.49$629.28-6.98%Buy
SPOTSpotify$538.83$459.42-14.74%Buy
TWLOTwilio$146.10$108.40-25.80%Buy
ZZillow Group, Inc. Class C$82.70$41.25-50.12%Buy

SPOT Forecast FAQ

Is Spotify a good buy?

Yes, according to 31 Wall Street analysts, Spotify (SPOT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 25 'Buy' recommendations, accounting for 80.65% of SPOT's total ratings.

What is SPOT's price target?

Spotify (SPOT) average price target is $459.42 with a range of $340 to $560, implying a -14.74% from its last price of $538.83. The data is based on 31 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Spotify stock go up soon?

According to Wall Street analysts' prediction for SPOT stock, the company can go down by -14.74% (from the last price of $538.83 to the average price target of $459.42), up by 3.93% based on the highest stock price target, and down by -36.90% based on the lowest stock price target.

Can Spotify stock reach $800?

SPOT's average twelve months analyst stock price target of $459.42 does not support the claim that Spotify can reach $800 in the near future.

What are Spotify's analysts' financial forecasts?

Spotify's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $18.76B (high $19.23B, low $18.36B), average EBITDA is $-134M (high $-131M, low $-137M), average net income is $1.95B (high $2.08B, low $1.86B), average SG&A $3.27B (high $3.36B, low $3.2B), and average EPS is $9.4 (high $10.05, low $8.95). SPOT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $21.58B (high $22.11B, low $21.1B), average EBITDA is $-154M (high $-151M, low $-158M), average net income is $2.43B (high $2.51B, low $2.36B), average SG&A $3.76B (high $3.86B, low $3.68B), and average EPS is $11.73 (high $12.11, low $11.39).

Did the SPOT's actual financial results beat the analysts' financial forecasts?

Based on Spotify's last annual report (Dec 2022), the company's revenue was $11.73B, which missed the average analysts forecast of $12.2B by -3.89%. Apple's EBITDA was $-284M, missing the average prediction of $644.14M by -144.09%. The company's net income was $-430M, beating the average estimation of $-35.468M by 1112.35%. Apple's SG&A was $2.2B, missing the average forecast of $2.83B by -22.38%. Lastly, the company's EPS was $-2.23, missing the average prediction of $-3.06 by -27.14%. In terms of the last quarterly report (Mar 2023), Spotify's revenue was $3.04B, missing the average analysts' forecast of $3.36B by -9.34%. The company's EBITDA was $-85M, missing the average prediction of $488.7M by -117.39%. Spotify's net income was $-225M, missing the average estimation of $316.93M by -170.99%. The company's SG&A was $487M, missing the average forecast of $1.03B by -52.86%. Lastly, the company's EPS was $-1.16, beating the average prediction of $-0.859 by 34.98%