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Spotify (SPOT) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

SPOT Stock Forecast

Spotify (SPOT) stock forecast, based on 46 Wall Street analysts, predicts a 12-month average price target of $512.25, with a high of $680.00 and a low of $435.00. This represents a -9.03% decline from the last price of $563.07.

$150 $260 $370 $480 $590 $700 High: $680 Avg: $512.25 Low: $435 Last Closed Price: $563.07

SPOT Stock Rating

Spotify stock's rating consensus is Buy, based on 46 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 27 Buy (58.70%), 17 Hold (36.96%), 2 Sell (4.35%), and 0 Strong Sell (0.00%).

Buy
Total 46 0 2 17 27 Strong Sell Sell Hold Buy Strong Buy

SPOT Price Target Upside V Benchmarks

TypeNameUpside
StockSpotify-9.03%
SectorCommunication Services Stocks 18.44%
IndustryInternet Content & Information Stocks 26.93%
IdeaSaaS Stocks List32.04%

Price Target Trends

1M3M12M
# Anlaysts1334
Avg Price Target$680.00$641.67$436.00
Last Closing Price$563.07$563.07$563.07
Upside/Downside20.77%13.96%-22.57%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 2561813-239
Mar, 25617121238
Feb, 25817101137
Jan, 25818101138
Dec, 2481991138
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Apr 15, 2025John HodulikUBS$680.00$551.7423.25%20.77%
Mar 11, 2025Ed VyvyanRedburn Partners$545.00$508.447.19%-3.21%
Feb 04, 2025Mark MahaneyUBS$700.00$621.7712.58%24.32%
Dec 18, 2024Benjamin SwinburneMorgan Stanley$550.00$448.6522.59%-2.32%
Dec 02, 2024Maria RippsCanaccord Genuity$560.00$475.3817.80%-0.55%
Nov 13, 2024Maria RippsCanaccord Genuity$525.00$339.9054.46%-6.76%
Nov 13, 2024Matt FarrellPiper Sandler$450.00$339.9032.39%-20.08%
Nov 13, 2024Alan GouldLoop Capital Markets$435.00$339.9027.98%-22.74%
Nov 06, 2024Benjamin BlackDeutsche Bank$440.00$381.9615.20%-21.86%
Oct 17, 2024Barton CrockettRosenblatt Securities$438.00$371.6917.84%-22.21%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Apr 15, 2025UBSBuyBuyhold
Feb 04, 2025UBSOverweightOverweighthold
Feb 04, 2025UBSOutperformOutperformhold
Feb 04, 2025Raymond JamesOutperformOutperformhold
Feb 04, 2025Pivotal ResearchBuyBuyhold
Jan 14, 2025GuggenheimBuyBuyhold
Jan 10, 2025KeyBancOverweightOverweighthold
Jan 07, 2025Cantor FitzgeraldNeutralNeutralhold
Dec 18, 2024Morgan StanleyOverweightOverweighthold
Dec 02, 2024Canaccord GenuityBuyBuyhold

Financial Forecast

EPS Forecast

$-5 $0 $5 $10 $15 $20 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-3.10$-0.18$-2.23$-2.73-----
Avg Forecast$-3.00$-0.81$-2.40$-2.59$5.79$9.23$11.67$13.36$14.54
High Forecast$-2.94$-0.80$-2.36$-1.87$6.06$10.97$13.59$15.59$14.94
Low Forecast$-3.18$-0.86$-2.44$-2.91$5.31$8.08$8.66$10.59$14.10
Surprise %3.33%-77.78%-7.08%5.41%-----

Revenue Forecast

$5B $10B $15B $20B $25B $30B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$7.88B$9.67B$11.73B$13.25B-----
Avg Forecast$9.59B$10.95B$12.54B$14.73B$16.11B$18.68B$21.32B$24.01B$26.32B
High Forecast$10.04B$11.46B$12.70B$14.98B$16.29B$19.13B$21.78B$24.36B$26.87B
Low Forecast$9.46B$10.80B$12.38B$14.62B$15.73B$18.31B$20.87B$23.67B$25.70B
Surprise %-17.80%-11.70%-6.52%-10.06%-----

Net Income Forecast

$-2B $-500M $500M $2B $3B $4B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-581.00M$-34.00M$-430.00M$-532.00M-----
Avg Forecast$-915.08M$-48.62M$251.29M$-532.00M$1.11B$1.86B$2.38B$2.64B$2.83B
High Forecast$-731.49M$-25.92M$337.21M$-323.81M$1.18B$2.14B$2.65B$3.04B$2.91B
Low Forecast$-1.10B$-71.31M$165.37M$-740.19M$1.03B$1.57B$1.69B$2.06B$2.74B
Surprise %-36.51%-30.07%-271.11%------

SPOT Forecast FAQ

Is Spotify stock a buy?

Spotify stock has a consensus rating of Buy, based on 46 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 27 Buy, 17 Hold, 2 Sell, and 0 Strong Sell, reflecting a consensus that Spotify is a favorable investment for most analysts.

What is Spotify's price target?

Spotify's price target, set by 46 Wall Street analysts, averages $512.25 over the next 12 months. The price target range spans from $435 at the low end to $680 at the high end, suggesting a potential -9.03% change from the previous closing price of $563.07.

How does Spotify stock forecast compare to its benchmarks?

Spotify's stock forecast shows a -9.03% downside, underperforming the average forecast for the communication services stocks sector (18.44%) and underperforming the internet content & information stocks industry (26.93%), trailing the SaaS Stocks List (32.04%) investment idea.

What is the breakdown of analyst ratings for Spotify over the past three months?

  • April 2025: 15.38% Strong Buy, 46.15% Buy, 33.33% Hold, 0% Sell, 5.13% Strong Sell.
  • March 2025: 15.79% Strong Buy, 44.74% Buy, 31.58% Hold, 2.63% Sell, 5.26% Strong Sell.
  • February 2025: 21.62% Strong Buy, 45.95% Buy, 27.03% Hold, 2.70% Sell, 2.70% Strong Sell.

What is Spotify’s EPS forecast?

Spotify's average annual EPS forecast for its fiscal year ending in December 2024 is $5.79, marking a -312.09% decrease from the reported $-2.73 in 2023. Estimates for the following years are $9.23 in 2025, $11.67 in 2026, $13.36 in 2027, and $14.54 in 2028.

What is Spotify’s revenue forecast?

Spotify's average annual revenue forecast for its fiscal year ending in December 2024 is $16.11B, reflecting a 21.64% increase from the reported $13.25B in 2023. The forecast for 2025 is $18.68B, followed by $21.32B for 2026, $24.01B for 2027, and $26.32B for 2028.

What is Spotify’s net income forecast?

Spotify's net income forecast for the fiscal year ending in December 2024 stands at $1.11B, representing a -308.11% decrease from the reported $-532M in 2023. Projections indicate $1.86B in 2025, $2.38B in 2026, $2.64B in 2027, and $2.83B in 2028.