Spotify (SPOT) Stock Forecast, Price Target & Predictions
SPOT Stock Forecast
Spotify stock forecast is as follows: an average price target of $279.26 (represents a -17.35% downside from SPOT’s last price of $337.90) and a rating consensus of 'Buy', based on 30 wall street analysts offering a 1-year stock forecast.
SPOT Price Target
SPOT Analyst Ratings
Spotify Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Sep 10, 2024 | Justin Patterson | KeyBanc | $420.00 | $324.93 | 29.26% | 24.30% |
Sep 04, 2024 | Deepak Mathivanan | Cantor Fitzgerald | $340.00 | $329.25 | 3.26% | 0.62% |
Jul 24, 2024 | Eric Sheridan | Goldman Sachs | $425.00 | $332.08 | 27.98% | 25.78% |
Jul 24, 2024 | Barton Crockett | Rosenblatt Securities | $399.00 | $332.08 | 20.15% | 18.08% |
Jul 24, 2024 | Benjamin Black | Deutsche Bank | $430.00 | $341.44 | 25.94% | 27.26% |
Jul 24, 2024 | Michael Morris | Guggenheim | $420.00 | $330.79 | 26.97% | 24.30% |
Jul 23, 2024 | Jeffrey Wlodarczak | Pivotal Research | $460.00 | $330.79 | 39.06% | 36.13% |
Jul 22, 2024 | Mark Zgutowicz | Wolfe Research | $405.00 | $295.45 | 37.08% | 19.86% |
Jul 12, 2024 | Devin Brisco | Wolfe Research | $390.00 | $305.13 | 27.81% | 15.42% |
Jul 10, 2024 | Justin Patterson | KeyBanc | $410.00 | $304.99 | 34.43% | 21.34% |
Spotify Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | 2 | 12 | 33 |
Avg Price Target | $380.00 | $394.08 | $321.36 |
Last Closing Price | $337.90 | $337.90 | $337.90 |
Upside/Downside | 12.46% | 16.63% | -4.89% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
Sep 10, 2024 | KeyBanc | Overweight | Overweight | Hold |
Sep 04, 2024 | Cantor Fitzgerald | - | Neutral | Initialise |
Aug 28, 2024 | Evercore ISI | Outperform | Outperform | Hold |
Jul 24, 2024 | Rosenblatt Securities | Buy | Buy | Hold |
Jul 24, 2024 | Deutsche Bank | Buy | Buy | Hold |
Jul 24, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
Jul 24, 2024 | Cowen & Co. | Hold | Hold | Hold |
Jul 24, 2024 | Guggenheim | Buy | Buy | Hold |
Jul 24, 2024 | Wells Fargo | Overweight | Overweight | Hold |
Jul 24, 2024 | Barclays | Overweight | Overweight | Hold |
Spotify Financial Forecast
Spotify Revenue Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 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 | $6.25B | $5.87B | $5.63B | $5.38B | $5.42B | $5.13B | $4.93B | $4.71B | $4.73B | $4.47B | $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 | $6.33B | $5.96B | $5.70B | $5.45B | $5.49B | $5.20B | $4.99B | $4.77B | $4.80B | $4.49B | $4.15B | $3.95B | $4.17B | $3.75B | $3.55B | $3.40B | $3.45B | $3.00B | $2.95B | $2.93B | $3.06B | $2.88B | $2.75B | $2.55B | $2.65B | $2.38B | $2.19B | $2.06B | $2.16B | $1.90B |
Low Forecast | $6.20B | $5.83B | $5.58B | $5.34B | $5.38B | $5.09B | $4.89B | $4.67B | $4.70B | $4.42B | $4.07B | $3.87B | $4.06B | $3.48B | $3.47B | $3.33B | $3.38B | $2.93B | $2.95B | $2.85B | $2.97B | $2.79B | $2.67B | $2.48B | $2.58B | $2.31B | $2.13B | $2.00B | $2.09B | $1.85B |
# Analysts | 9 | 9 | 9 | 9 | 13 | 13 | 13 | 13 | 7 | 15 | 7 | 4 | 7 | 22 | 11 | 11 | 16 | 10 | 11 | 20 | 11 | 14 | 11 | 11 | 11 | 10 | 10 | 11 | 10 | 9 |
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 EBITDA Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 9 | 9 | 9 | 9 | 13 | 13 | 13 | 13 | 7 | 15 | 7 | 4 | 7 | 22 | 11 | 11 | 16 | 10 | 11 | 20 | 11 | 14 | 11 | 11 | 11 | 10 | 10 | 11 | 10 | 9 |
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 | $55.76M | $52.43M | $50.22M | $48.02M | $48.34M | $45.80M | $43.97M | $42.01M | $42.22M | $39.85M | $36.56M | $456.94M | $36.61M | $31.40M | $31.24M | $488.70M | $30.36M | $151.93M | $26.30M | $522.67M | $62.52M | $120.10M | $68.69M | $172.59M | $-28.80M | $1.93M | $-842.34M | $111.75M | $-962.18M | $893.06M |
High Forecast | $56.53M | $53.15M | $50.90M | $48.68M | $49.00M | $46.43M | $44.57M | $42.58M | $42.80M | $40.03M | $37.07M | $548.32M | $37.25M | $33.45M | $31.67M | $586.44M | $30.78M | $182.31M | $26.30M | $627.21M | $75.03M | $144.12M | $82.43M | $207.11M | $-23.04M | $2.31M | $-673.87M | $134.10M | $-769.75M | $1.07B |
Low Forecast | $55.34M | $52.03M | $49.84M | $47.66M | $47.97M | $45.46M | $43.63M | $41.69M | $41.90M | $39.49M | $36.29M | $365.55M | $36.24M | $31.02M | $31.00M | $390.96M | $30.13M | $121.54M | $26.30M | $418.14M | $50.02M | $96.08M | $54.96M | $138.07M | $-34.56M | $1.54M | $-1.01B | $89.40M | $-1.15B | $714.45M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.17% | -9.62% | -0.97% | -4.18% | 0.25% | 0.74% | 1.71% | 0.71% | 0.74% | 1.25% | 1.04% | 0.50% | 0.70% | 0.35% | 0.34% |
Spotify Net Income Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 9 | 9 | 9 | 9 | 13 | 13 | 13 | 13 | 7 | 15 | 7 | 4 | 7 | 22 | 11 | 11 | 16 | 10 | 11 | 20 | 11 | 14 | 11 | 11 | 11 | 10 | 10 | 11 | 10 | 9 |
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 | $630.42M | $580.00M | $502.04M | $464.65M | $540.02M | $504.61M | $423.31M | $379.91M | $401.74M | $380.67M | $216.11M | $296.33M | $-77.14M | $-46.14M | $-130.12M | $316.93M | $-262.30M | $1.48M | $-138.52M | $338.96M | $-53.01M | $1.17M | $-28.04M | $31.26M | $-100.00M | $-97.39M | $-719.12M | $1.43M | $-598.50M | $712.67M |
High Forecast | $641.65M | $590.34M | $510.98M | $472.93M | $549.64M | $513.60M | $430.85M | $386.68M | $408.90M | $453.48M | $219.96M | $355.60M | $636.39M | $4.01M | $-128.84M | $380.32M | $-259.72M | $1.78M | $-138.52M | $406.75M | $-42.41M | $1.41M | $-22.43M | $37.51M | $-80.00M | $-77.91M | $-575.30M | $1.72M | $-478.80M | $855.21M |
Low Forecast | $624.21M | $574.29M | $497.09M | $460.07M | $534.70M | $499.64M | $419.14M | $376.17M | $397.78M | $316.19M | $213.98M | $237.06M | $-385.69M | $-182.56M | $-132.44M | $253.54M | $-266.97M | $1.19M | $-138.52M | $271.17M | $-63.61M | $937.37K | $-33.65M | $25.01M | $-120.00M | $-116.87M | $-862.94M | $1.15M | $-718.20M | $570.14M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.71% | 1.03% | -111.99% | 0.90% | 0.39% | 0.74% | 1.71% | 0.71% | 0.74% | 1.25% | 1.04% | 0.50% | 0.70% | 0.35% | 0.34% |
Spotify SG&A Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 9 | 9 | 9 | 9 | 13 | 13 | 13 | 13 | 7 | 15 | 7 | 4 | 7 | 22 | 11 | 11 | 16 | 10 | 11 | 20 | 11 | 14 | 11 | 11 | 11 | 10 | 10 | 11 | 10 | 9 |
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 | $1.09B | $1.02B | $981.71M | $938.81M | $945.01M | $895.47M | $859.55M | $821.24M | $825.47M | $779.08M | $714.83M | $965.90M | $715.67M | $613.88M | $610.71M | $1.03B | $593.63M | $285.33M | $514.23M | $1.10B | $633.38M | $225.56M | $555.16M | $459.33M | $329.60M | $340.39M | $765.58M | $468.48M | $1.08B | $742.24M |
High Forecast | $1.11B | $1.04B | $995.17M | $951.67M | $957.96M | $907.74M | $871.33M | $832.50M | $836.78M | $782.64M | $724.62M | $1.16B | $728.32M | $653.89M | $619.08M | $1.24B | $601.77M | $342.39M | $514.23M | $1.33B | $760.06M | $270.67M | $666.19M | $551.20M | $395.52M | $408.47M | $918.70M | $562.17M | $1.30B | $890.69M |
Low Forecast | $1.08B | $1.02B | $974.28M | $931.69M | $937.85M | $888.69M | $853.04M | $815.02M | $819.22M | $771.97M | $709.41M | $772.72M | $708.44M | $606.43M | $606.08M | $826.44M | $589.14M | $228.26M | $514.23M | $883.89M | $506.70M | $180.44M | $444.13M | $367.47M | $263.68M | $272.31M | $612.46M | $374.78M | $865.96M | $593.79M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.47% | 1.04% | 2.07% | 1.09% | 0.39% | 0.74% | 1.71% | 0.71% | 0.74% | 1.25% | 1.04% | 0.50% | 0.70% | 0.35% | 0.34% |
Spotify EPS Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 9 | 9 | 9 | 9 | 13 | 13 | 13 | 13 | 7 | 15 | 7 | 4 | 7 | 22 | 11 | 11 | 16 | 10 | 11 | 20 | 11 | 14 | 11 | 11 | 11 | 10 | 10 | 11 | 10 | 9 |
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 | $3.06 | $2.81 | $2.44 | $2.25 | $2.62 | $2.45 | $2.05 | $1.84 | $1.95 | $1.85 | $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 | $3.11 | $2.86 | $2.48 | $2.29 | $2.67 | $2.49 | $2.09 | $1.88 | $1.98 | $2.20 | $1.07 | $0.64 | $3.09 | $0.02 | $-0.63 | $-0.85 | $-1.26 | $-0.85 | $-0.68 | $-0.25 | $-0.50 | $-0.21 | $-0.36 | $-0.39 | $-0.48 | $-0.51 | $-0.34 | $-0.46 | $-0.15 | $-0.23 |
Low Forecast | $3.03 | $2.79 | $2.41 | $2.23 | $2.59 | $2.42 | $2.03 | $1.82 | $1.93 | $1.53 | $1.04 | $0.62 | $-1.87 | $-0.89 | $-0.64 | $-0.87 | $-1.30 | $-0.87 | $-0.68 | $-0.26 | $-0.52 | $-0.21 | $-0.37 | $-0.41 | $-0.50 | $-0.53 | $-0.36 | $-0.48 | $-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% | 7.51% | -5.60% |
Spotify Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
TWLO | Twilio | $59.46 | $186.27 | 213.27% | Buy |
SNAP | Snap | $9.52 | $29.26 | 207.35% | Hold |
BIDU | Baidu | $83.65 | $187.18 | 123.77% | Buy |
FVRR | Fiverr | $25.31 | $43.13 | 70.41% | Buy |
PINS | $28.86 | $40.59 | 40.64% | Buy | |
GOOG | Alphabet | $158.37 | $159.94 | 0.99% | Buy |
SPOT | Spotify | $337.90 | $279.26 | -17.35% | Buy |
META | Meta Platforms | $524.62 | $426.47 | -18.71% | Buy |
Z | Zillow Group, Inc. Class C | $59.74 | $41.25 | -30.95% | Buy |
SPOT Forecast FAQ
Is Spotify a good buy?
Yes, according to 30 Wall Street analysts, Spotify (SPOT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 25 'Buy' recommendations, accounting for 83.33% of SPOT's total ratings.
What is SPOT's price target?
Spotify (SPOT) average price target is $279.26 with a range of $95 to $460, implying a -17.35% from its last price of $337.9. The data is based on 30 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 -17.35% (from the last price of $337.9 to the average price target of $279.26), up by 36.13% based on the highest stock price target, and down by -71.89% based on the lowest stock price target.
Can Spotify stock reach $500?
SPOT's average twelve months analyst stock price target of $279.26 does not support the claim that Spotify can reach $500 in the near future.
What is Spotify's current price target trend?
2 Wall Street analysts forecast a $380 price target for Spotify (SPOT) this month, up 12.46% from its last price of $337.9. Compared to the last 3 and 12 months, the average price target increased by 16.63% and decreased by -4.89%, respectively.
What are Spotify's analysts' financial forecasts?
Spotify's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $20.18B (high $20.46B, low $20.03B), average EBITDA is $180.12M (high $182.59M, low $178.75M), average net income is $1.85B (high $1.88B, low $1.83B), average SG&A $3.52B (high $3.57B, low $3.49B), and average EPS is $8.96 (high $9.12, low $8.88). SPOT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $23.13B (high $23.45B, low $22.95B), average EBITDA is $206.43M (high $209.26M, low $204.86M), average net income is $2.18B (high $2.22B, low $2.16B), average SG&A $4.04B (high $4.09B, low $4.01B), and average EPS is $10.56 (high $10.75, low $10.46).
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 $731.27M by -138.84%. The company's net income was $-430M, beating the average estimation of $-60.38M by 612.16%. Apple's SG&A was $2.2B, missing the average forecast of $2.5B by -12.01%. 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%