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Spotify (SPOT) Stock Forecast, Price Target & Predictions

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SPOT Stock Forecast

Spotify (SPOT) stock forecast, based on 53 Wall Street analysts, predicts a 12-month average price target of $602.50, with a high of $720.00 and a low of $530.00. This represents a 18.04% increase from the last price of $510.40.

$150 $270 $390 $510 $630 $750 High: $720 Avg: $602.5 Low: $530 Last Closed Price: $510.4

SPOT Stock Rating

Spotify stock's rating consensus is Buy, based on 53 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 33 Buy (62.26%), 18 Hold (33.96%), 2 Sell (3.77%), and 0 Strong Sell (0.00%).

Buy
Total 53 2 18 33 Strong Sell Sell Hold Buy Strong Buy

SPOT Price Target Upside V Benchmarks

TypeNameUpside
StockSpotify18.04%
SectorCommunication Services Stocks 20.19%
IndustryInternet Content & Information Stocks 18.99%
IdeaSaaS Stocks List21.63%

Price Target Trends

1M3M12M
# Anlaysts-549
Avg Price Target-$592.00$661.55
Last Closing Price$510.40$510.40$510.40
Upside/Downside-15.99%29.61%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Sep, 269257--41
Aug, 269247--40
Jul, 2610246--40
Jun, 2610247--41
May, 2610247--41
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 05, 2026Deepak MathivananCantor Fitzgerald$530.00$488.408.52%3.84%
Aug 05, 2026UBS$530.00$497.116.62%3.84%
Aug 03, 2026Morgan Stanley$640.00$499.6628.09%25.39%
Jul 10, 2026Batya LeviUBS$690.00$484.1742.51%35.19%
Jul 09, 2026Wells Fargo$570.00$485.2217.47%11.68%
May 26, 2026Cantor Fitzgerald$520.00$519.860.03%1.88%
May 22, 2026Sean DiffleyMorgan Stanley$610.00$489.9324.51%19.51%
May 22, 2026Wells Fargo$600.00$489.9322.47%17.55%
May 22, 2026Kannan VenkateshwarBarclays$565.00$489.9315.32%10.70%
May 21, 2026Jefferies$600.00$489.9322.47%17.55%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Sep 10, 2026KeyBancOverweightOverweighthold
Aug 11, 2026UBSBuyBuyhold
Aug 05, 2026BernsteinOutperformOutperformhold
Aug 05, 2026Cantor FitzgeraldNeutralNeutralhold
Aug 05, 2026Pivotal ResearchHoldHoldhold
Aug 03, 2026Morgan StanleyOverweightOverweighthold
Jul 24, 2026KeyBancOverweightOverweighthold
Jul 22, 2026BenchmarkBuyBuyhold
Jul 10, 2026UBSBuyBuyhold
May 26, 2026Cantor FitzgeraldOverweightOverweighthold

Financial Forecast

EPS Forecast

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

Revenue Forecast

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

Net Income Forecast

$-1B $-100M $800M $2B $3B $4B Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-34.00M$-430.00M$-532.00M-----
Avg Forecast$-48.62M$251.29M$-532.00M$1.11B$1.86B$2.38B$2.64B$2.83B
High Forecast$-25.92M$337.21M$-323.81M$1.18B$2.14B$2.65B$3.04B$2.91B
Low Forecast$-71.31M$165.37M$-740.19M$1.03B$1.57B$1.69B$2.06B$2.74B
Surprise %-30.07%-271.11%------

SPOT Forecast FAQ

Is Spotify stock a buy?

Spotify stock has a consensus rating of Buy, based on 53 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 33 Buy, 18 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 53 Wall Street analysts, averages $602.5 over the next 12 months. The price target range spans from $530 at the low end to $720 at the high end, suggesting a potential 18.04% change from the previous closing price of $510.4.

How does Spotify stock forecast compare to its benchmarks?

Spotify's stock forecast shows a 18.04% upside, underperforming the average forecast for the communication services stocks sector (20.19%) and underperforming the internet content & information stocks industry (18.99%), trailing the SaaS Stocks List (21.63%) investment idea.

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

  • September 2026: 21.95% Strong Buy, 60.98% Buy, 17.07% Hold, 0% Sell, 0% Strong Sell.
  • August 2026: 22.50% Strong Buy, 60.00% Buy, 17.50% Hold, 0% Sell, 0% Strong Sell.
  • July 2026: 25.00% Strong Buy, 60.00% Buy, 15.00% Hold, 0% Sell, 0% 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.