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Spotify (SPOT) Stock Forecast, Price Target & Predictions

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SPOT Stock Forecast

Spotify (SPOT) stock forecast, based on 54 Wall Street analysts, predicts a 12-month average price target of $627.77, with a high of $725.00 and a low of $490.00. This represents a 4.11% increase from the last price of $603.01.

$400 $470 $540 $610 $680 $750 High: $725 Avg: $627.77 Low: $490 Last Closed Price: $603.01

SPOT Stock Rating

Spotify stock's rating consensus is Buy, based on 54 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 33 Buy (61.11%), 19 Hold (35.19%), 2 Sell (3.70%), and 0 Strong Sell (0.00%).

Buy
Total 54 2 19 33 Strong Sell Sell Hold Buy Strong Buy

SPOT Price Target Upside V Benchmarks

TypeNameUpside
StockSpotify4.11%
SectorCommunication Services Stocks 30.03%
IndustryInternet Content & Information Stocks 38.26%
IdeaSaaS Stocks List38.90%

Price Target Trends

1M3M12M
# Anlaysts121656
Avg Price Target$625.08$627.25$633.70
Last Closing Price$603.01$603.01$603.01
Upside/Downside3.66%4.02%5.09%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Nov, 2611219--41
Oct, 268247--39
Sep, 269257--41
Aug, 269247--40
Jul, 2610246--40
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 26, 2026Vikram KesavabhotlaRobert W. Baird$675.00$584.2215.54%11.94%
Oct 26, 2026Ian MooreBernstein$725.00$584.2224.10%20.23%
Oct 23, 2026Deepak MathivananCantor Fitzgerald$550.00$583.66-5.77%-8.79%
Oct 23, 2026Piper Sandler$580.00$583.66-0.63%-3.82%
Oct 23, 2026Guggenheim$650.00$583.6611.37%7.79%
Oct 23, 2026Barton CrockettRosenblatt Securities$576.00$583.66-1.31%-4.48%
Oct 23, 2026Wells Fargo$660.00$583.6613.08%9.45%
Oct 23, 2026Sean DuffyMorgan Stanley$700.00$583.6619.93%16.08%
Oct 23, 2026Barclays$650.00$583.6611.37%7.79%
Oct 22, 2026Andrew MarokRaymond James$625.00$580.947.58%3.65%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Oct 23, 2026UBSNeutralNeutralhold
Oct 23, 2026Cantor FitzgeraldNeutralNeutralhold
Oct 23, 2026OppenheimerOutperformOutperformhold
Oct 23, 2026Piper SandlerNeutralNeutralhold
Oct 23, 2026GuggenheimBuyBuyhold
Oct 23, 2026Wells FargoOverweightOverweighthold
Oct 23, 2026Morgan StanleyOverweightOverweighthold
Oct 23, 2026BarclaysOverweightOverweighthold
Oct 23, 2026UBSMarket OutperformMarket Outperformhold
Oct 22, 2026Raymond JamesOutperformOutperformhold

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 54 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 33 Buy, 19 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 54 Wall Street analysts, averages $627.77 over the next 12 months. The price target range spans from $490 at the low end to $725 at the high end, suggesting a potential 4.11% change from the previous closing price of $603.01.

How does Spotify stock forecast compare to its benchmarks?

Spotify's stock forecast shows a 4.11% upside, underperforming the average forecast for the communication services stocks sector (30.03%) and underperforming the internet content & information stocks industry (38.26%), trailing the SaaS Stocks List (38.90%) investment idea.

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

  • November 2026: 26.83% Strong Buy, 51.22% Buy, 21.95% Hold, 0% Sell, 0% Strong Sell.
  • October 2026: 20.51% Strong Buy, 61.54% Buy, 17.95% Hold, 0% Sell, 0% Strong Sell.
  • September 2026: 21.95% Strong Buy, 60.98% Buy, 17.07% 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.