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Spotify (SPOT) Stock Forecast, Price Target & Predictions

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SPOT Stock Forecast

Spotify (SPOT) stock forecast, based on 52 Wall Street analysts, predicts a 12-month average price target of $614.57, with a high of $750.00 and a low of $420.00. This represents a 39.29% increase from the last price of $441.21.

$150 $270 $390 $510 $630 $750 High: $750 Avg: $614.57 Low: $420 Last Closed Price: $441.21

SPOT Stock Rating

Spotify stock's rating consensus is Buy, based on 52 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 32 Buy (61.54%), 18 Hold (34.62%), 2 Sell (3.85%), and 0 Strong Sell (0.00%).

Buy
Total 52 2 18 32 Strong Sell Sell Hold Buy Strong Buy

SPOT Price Target Upside V Benchmarks

TypeNameUpside
StockSpotify39.29%
SectorCommunication Services Stocks 32.03%
IndustryInternet Content & Information Stocks 34.95%
IdeaSaaS Stocks List47.47%

Price Target Trends

1M3M12M
# Anlaysts-1449
Avg Price Target-$627.50$685.43
Last Closing Price$441.21$441.21$441.21
Upside/Downside-42.22%55.35%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jun, 2610247--41
May, 2610247--41
Apr, 2610257--42
Mar, 269257--41
Feb, 2610246-141
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
May 26, 2026Cantor Fitzgerald$520.00$519.860.03%17.86%
May 22, 2026Sean DiffleyMorgan Stanley$610.00$489.9324.51%38.26%
May 22, 2026Wells Fargo$600.00$489.9322.47%35.99%
May 22, 2026Kannan VenkateshwarBarclays$565.00$489.9315.32%28.06%
May 21, 2026Jefferies$600.00$489.9322.47%35.99%
Apr 30, 2026Batya LeviUBS$735.00$440.7866.75%66.59%
Apr 29, 2026Maria RippsCanaccord Genuity$720.00$434.2065.82%63.19%
Apr 29, 2026Guggenheim$565.00$434.2030.12%28.06%
Apr 29, 2026UBS$600.00$434.2038.19%35.99%
Apr 29, 2026KeyBanc$680.00$434.2056.61%54.12%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
May 26, 2026Cantor FitzgeraldOverweightOverweighthold
May 26, 2026Cantor FitzgeraldNeutralNeutralhold
May 22, 2026BenchmarkBuyBuyhold
May 22, 2026BernsteinOutperformOutperformhold
May 22, 2026KeyBancOverweightOverweighthold
May 22, 2026Morgan StanleyOverweightOverweighthold
May 22, 2026Wells FargoOverweightOverweighthold
May 22, 2026CitigroupOutperformOutperformhold
May 22, 2026BarclaysOverweightOverweighthold
May 22, 2026CitigroupMarket OutperformMarket Outperformhold

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 52 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 32 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 52 Wall Street analysts, averages $614.57 over the next 12 months. The price target range spans from $420 at the low end to $750 at the high end, suggesting a potential 39.29% change from the previous closing price of $441.21.

How does Spotify stock forecast compare to its benchmarks?

Spotify's stock forecast shows a 39.29% upside, outperforming the average forecast for the communication services stocks sector (32.03%) and outperforming the internet content & information stocks industry (34.95%), trailing the SaaS Stocks List (47.47%) investment idea.

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

  • June 2026: 24.39% Strong Buy, 58.54% Buy, 17.07% Hold, 0% Sell, 0% Strong Sell.
  • May 2026: 24.39% Strong Buy, 58.54% Buy, 17.07% Hold, 0% Sell, 0% Strong Sell.
  • April 2026: 23.81% Strong Buy, 59.52% Buy, 16.67% 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.