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 $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


The average price target for Spotify (SPOT) is $279.26 based on 1-year price targets from 30 Wall Street analysts in the past 3 months, with a price target range of $460.00 to $95.00. This represents a potential -17.35% downside from SPOT's last price of $337.90.

SPOT Analyst Ratings


Buy

According to 30 Wall Street analysts, Spotify's rating consensus is 'Buy'. The analyst rating breakdown for SPOT stock is 0 'Strong Buy' (0.00%), 25 'Buy' (83.33%), 5 'Hold' (16.67%), 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
Sep 10, 2024Justin PattersonKeyBanc$420.00$324.9329.26%24.30%
Sep 04, 2024Deepak MathivananCantor Fitzgerald$340.00$329.253.26%0.62%
Jul 24, 2024Eric SheridanGoldman Sachs$425.00$332.0827.98%25.78%
Jul 24, 2024Barton CrockettRosenblatt Securities$399.00$332.0820.15%18.08%
Jul 24, 2024Benjamin BlackDeutsche Bank$430.00$341.4425.94%27.26%
Jul 24, 2024Michael MorrisGuggenheim$420.00$330.7926.97%24.30%
Jul 23, 2024Jeffrey WlodarczakPivotal Research$460.00$330.7939.06%36.13%
Jul 22, 2024Mark ZgutowiczWolfe Research$405.00$295.4537.08%19.86%
Jul 12, 2024Devin BriscoWolfe Research$390.00$305.1327.81%15.42%
Jul 10, 2024Justin PattersonKeyBanc$410.00$304.9934.43%21.34%
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The latest Spotify stock forecast, released on Sep 10, 2024 by Justin Patterson from KeyBanc, set a price target of $420.00, which represents a 29.26% increase from the stock price at the time of the forecast ($324.93), and a 24.30% increase from SPOT last price ($337.90).

Spotify Price Target by Period


1M3M12M
# Anlaysts21233
Avg Price Target$380.00$394.08$321.36
Last Closing Price$337.90$337.90$337.90
Upside/Downside12.46%16.63%-4.89%

In the current month, the average price target of Spotify stock is $380.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 12.46% increase as opposed to Spotify's last price of $337.90. This month's average price target is down -3.57% compared to last quarter, and up 18.25% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 10, 2024KeyBancOverweightOverweightHold
Sep 04, 2024Cantor Fitzgerald-NeutralInitialise
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
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Spotify's last stock rating was published by KeyBanc on Sep 10, 2024. The company gave SPOT a "Overweight" 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$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
# Analysts999913131313715747221111161011201114111111101011109
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 $3.47B, and a high forecast of $3.55B. 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
# Analysts999913131313715747221111161011201114111111101011109
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%

11 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
# Analysts999913131313715747221111161011201114111111101011109
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's average Quarter net income forecast for Jun 22 is $-138.52M, with a range of $-138.52M to $-138.52M. SPOT's average Quarter net income forecast represents a -205.74% 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
# Analysts999913131313715747221111161011201114111111101011109
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's average Quarter SG&A projection for Jun 23 is $610.71M, based on 11 Wall Street analysts, with a range of $606.08M to $619.08M. 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
# Analysts999913131313715747221111161011201114111111101011109
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%

According to 11 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
TWLOTwilio$59.46$186.27213.27%Buy
SNAPSnap$9.52$29.26207.35%Hold
BIDUBaidu$83.65$187.18123.77%Buy
FVRRFiverr$25.31$43.1370.41%Buy
PINSPinterest$28.86$40.5940.64%Buy
GOOGAlphabet$158.37$159.940.99%Buy
SPOTSpotify$337.90$279.26-17.35%Buy
METAMeta Platforms$524.62$426.47-18.71%Buy
ZZillow Group, Inc. Class C$59.74$41.25-30.95%Buy

SPOT Forecast FAQ


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.

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.

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.

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.

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.

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).

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%