Spotify (SPOT) Stock Forecast, Price Target & Predictions

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SPOT Stock Forecast

Spotify stock forecast is as follows: an average price target of $317.84 (represents a -32.48% downside from SPOT’s last price of $470.70) 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 $317.84 based on 1-year price targets from 31 Wall Street analysts in the past 3 months, with a price target range of $525.00 to $120.00. This represents a potential -32.48% downside from SPOT's last price of $470.70.

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

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Nov 13, 2024	Maria Ripps	Canaccord Genuity	$525.00	$339.90	54.46%	11.54%
Nov 13, 2024	Matt Farrell	Piper Sandler	$450.00	$339.90	32.39%	-4.40%
Nov 13, 2024	Alan Gould	Loop Capital Markets	$435.00	$339.90	27.98%	-7.58%
Nov 06, 2024	Benjamin Black	Deutsche Bank	$440.00	$381.96	15.20%	-6.52%
Oct 17, 2024	Barton Crockett	Rosenblatt Securities	$438.00	$371.69	17.84%	-6.95%
Oct 16, 2024	Justin Patterson	KeyBanc	$490.00	$373.27	31.27%	4.10%
Oct 04, 2024	Eric Sheridan	Goldman Sachs	$430.00	$371.45	15.76%	-8.65%
Sep 25, 2024	James Heaney	Jefferies	$445.00	$380.36	16.99%	-5.46%
Sep 24, 2024	Kenneth Leon	CFRA	$425.00	$380.36	11.74%	-9.71%
Sep 19, 2024	Jeffrey Wlodarczak	Pivotal Research	$510.00	$363.55	40.29%	8.35%

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The latest Spotify stock forecast, released on Nov 13, 2024 by Maria Ripps from Canaccord Genuity, set a price target of $525.00, which represents a 54.46% increase from the stock price at the time of the forecast ($339.90), and a 11.54% increase from SPOT last price ($470.70).

Spotify Price Target by Period

	1M	3M	12M
# Anlaysts	4	13	39
Avg Price Target	$462.50	$445.23	$377.18
Last Closing Price	$470.70	$470.70	$470.70
Upside/Downside	-1.74%	-5.41%	-19.87%

In the current month, the average price target of Spotify stock is $462.50, according to 4 Wall Street analysts offering twelve months forecast. The average price target represents a -1.74% decrease as opposed to Spotify's last price of $470.70. This month's average price target is up 3.88% compared to last quarter, and up 22.62% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Nov 13, 2024	Loop Capital Markets	Hold	Hold	Hold
Oct 23, 2024	Morgan Stanley	Overweight	Overweight	Hold
Oct 16, 2024	KeyBanc	Overweight	Overweight	Hold
Oct 09, 2024	Barclays	Overweight	Overweight	Hold
Oct 04, 2024	Goldman Sachs	Buy	Buy	Hold
Sep 25, 2024	Jefferies	Buy	Buy	Hold
Sep 24, 2024	CFRA	Buy	Buy	Hold
Sep 19, 2024	Pivotal Research	Buy	Buy	Hold
Sep 10, 2024	KeyBanc	Overweight	Overweight	Hold
Sep 04, 2024	Cantor Fitzgerald	-	Neutral	Initialise

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Spotify's last stock rating was published by Loop Capital Markets on Nov 13, 2024. The company gave SPOT a "Hold" rating, the same as its previous rate.

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	$5.86B	$5.59B	$5.34B	$5.07B	$5.02B	$4.81B	$4.60B	$4.38B	$4.36B	$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	$5.97B	$5.70B	$5.44B	$5.17B	$5.12B	$4.90B	$4.69B	$4.39B	$4.48B	$4.57B	$4.18B	$3.97B	$4.17B	$3.75B	$3.57B	$3.42B	$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	$5.80B	$5.53B	$5.28B	$5.02B	$4.97B	$4.76B	$4.56B	$4.37B	$4.32B	$4.44B	$4.05B	$3.85B	$4.06B	$3.48B	$3.46B	$3.32B	$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
# Analysts	6	4	4	6	4	3	7	9	13	7	3	4	7	22	11	11	16	10	10	18	11	13	21	11	15	7	7	9	8	6
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 $3.46B, and a high forecast of $3.57B. 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 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	6	4	4	6	4	3	7	9	13	7	3	4	7	22	11	11	16	10	10	18	11	13	21	11	15	7	7	9	8	6
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	$-41.90M	$-39.98M	$-38.16M	$-36.26M	$-35.91M	$-34.37M	$-32.91M	$-31.30M	$-31.14M	$-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	$-41.46M	$-39.56M	$-37.76M	$-35.88M	$-35.53M	$-34.00M	$-32.57M	$-31.23M	$-30.86M	$-31.70M	$-28.98M	$548.32M	$-29.02M	$-24.84M	$-24.76M	$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	$-42.71M	$-40.75M	$-38.90M	$-36.97M	$-36.60M	$-35.03M	$-33.55M	$-31.37M	$-31.99M	$-32.66M	$-29.85M	$365.55M	$-29.84M	$-26.79M	$-25.50M	$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 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	6	4	4	6	4	3	7	9	13	7	3	4	7	22	11	11	16	10	10	18	11	13	21	11	15	7	7	9	8	6
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	$664.03M	$607.83M	$521.95M	$483.16M	$526.71M	$496.76M	$417.28M	$380.44M	$402.09M	$346.85M	$216.11M	$296.33M	$-77.14M	$-46.14M	$-130.12M	$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	$680.72M	$623.10M	$535.07M	$495.30M	$539.95M	$509.24M	$427.76M	$443.19M	$437.57M	$356.15M	$217.05M	$355.60M	$636.39M	$4.01M	$-128.34M	$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	$654.92M	$599.49M	$514.79M	$476.53M	$519.49M	$489.94M	$411.55M	$331.42M	$333.11M	$337.56M	$215.17M	$237.06M	$-385.69M	$-182.56M	$-133.39M	$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 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	6	4	4	6	4	3	7	9	13	7	3	4	7	22	11	11	16	10	10	18	11	13	21	11	15	7	7	9	8	6
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	$1.02B	$975.90M	$931.40M	$885.18M	$876.53M	$838.86M	$803.38M	$764.09M	$760.10M	$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	$1.04B	$994.77M	$949.41M	$902.30M	$893.48M	$855.08M	$818.91M	$765.82M	$780.79M	$797.27M	$728.65M	$1.16B	$728.32M	$653.89M	$622.52M	$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	$1.01B	$965.61M	$921.57M	$875.84M	$867.28M	$830.01M	$794.90M	$762.37M	$753.21M	$773.89M	$707.28M	$772.72M	$708.44M	$606.43M	$604.26M	$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 $604.26M to $622.52M. The forecast indicates a 25.40% rise compared to SPOT last annual SG&A of $487.00M (Mar 23).

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	6	4	4	6	4	3	7	9	13	7	3	4	7	22	11	11	16	10	10	18	11	13	21	11	15	7	7	9	8	6
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	$3.22	$2.95	$2.53	$2.34	$2.56	$2.41	$2.02	$1.85	$1.95	$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	$3.30	$3.02	$2.60	$2.40	$2.62	$2.47	$2.08	$2.15	$2.12	$1.73	$1.05	$0.63	$3.09	$0.02	$-0.62	$-0.85	$-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	$3.18	$2.91	$2.50	$2.31	$2.52	$2.38	$2.00	$1.61	$1.62	$1.64	$1.04	$0.62	$-1.87	$-0.89	$-0.65	$-0.88	$-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

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
SNAP	Snap	$10.63	$25.99	144.50%	Hold
BIDU	Baidu	$81.63	$175.55	115.06%	Buy
TWLO	Twilio	$102.07	$187.84	84.03%	Buy
PINS	Pinterest	$29.31	$40.96	39.75%	Buy
FVRR	Fiverr	$31.83	$42.38	33.14%	Buy
GOOG	Alphabet	$169.24	$166.47	-1.64%	Buy
META	Meta Platforms	$563.09	$460.61	-18.20%	Buy
SPOT	Spotify	$470.70	$317.84	-32.48%	Buy
Z	Zillow Group, Inc. Class C	$82.15	$41.25	-49.79%	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 $317.84 with a range of $120 to $525, implying a -32.48% from its last price of $470.7. 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 -32.48% (from the last price of $470.7 to the average price target of $317.84), up by 11.54% based on the highest stock price target, and down by -74.51% based on the lowest stock price target.

Can Spotify stock reach $700?

SPOT's average twelve months analyst stock price target of $317.84 does not support the claim that Spotify can reach $700 in the near future.

What is Spotify's current price target trend?

4 Wall Street analysts forecast a $462.5 price target for Spotify (SPOT) this month, down -1.74% from its last price of $470.7. Compared to the last 3 and 12 months, the average price target decreased by -5.41% and decreased by -19.87%, 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 $18.82B (high $19.1B, low $18.65B), average EBITDA is $-134M (high $-133M, low $-137M), average net income is $1.82B (high $1.92B, low $1.75B), average SG&A $3.28B (high $3.33B, low $3.25B), and average EPS is $8.84 (high $9.32, low $8.5). SPOT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $21.87B (high $22.29B, low $21.64B), average EBITDA is $-156M (high $-155M, low $-159M), average net income is $2.28B (high $2.33B, low $2.25B), average SG&A $3.82B (high $3.89B, low $3.77B), and average EPS is $11.05 (high $11.32, low $10.9).

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%