$488.13
1.05%
NYSE, Oct 06, 04:04 pm EDT. Closed.
ISIN
LU1778762911
Symbol
SPOT

Spotify Technology Target price 2026 - Analyst rating & recommendation

Spotify Technology Classifications & Recommendation

Buy
79%
Hold
21%

Spotify Technology Price Target

Target Price $632.11
Price $488.13
Potential
Number of Estimates 42
42 Analysts have issued a price target Spotify Technology 2027 . The average Spotify Technology target price is $632.11. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 48 analysts: 38 Analysts recommend Spotify Technology to buy, 10 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Spotify Technology stock has an average upside potential 2027 of . Most analysts recommend the Spotify Technology stock at Purchase.

Sales and Margin forecast 2026, 2027 to 2033

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Select at least one metric to display the chart.


Quarter Annually
Dec '25 2026
Estimates
Revenue Billion $ 19.35 22.43
9.65% 15.92%
EBITDA Margin 12.91% 15.83%
40.66% 22.66%
Net Margin 12.87% 12.85%
77.26% 0.16%

43 Analysts have issued a sales forecast Spotify Technology 2026 . The average Spotify Technology sales estimate is

$22.4b
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. This is
9.99% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$23.3b 14.29%
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, the lowest is
$21.4b 4.96%
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.

This results in the following potential growth metrics:

Revenue Estimates

2025 $19.4b 9.65%
2026
$22.4b 15.92%
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2027
$25.7b 14.69%
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2028
$29.1b 13.03%
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2029
$32.3b 10.93%
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2030
$35.3b 9.35%
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2031
$38.5b 9.28%
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2032
$42.5b 10.24%
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2033
$46.3b 8.86%
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40 Analysts have issued an Spotify Technology EBITDA forecast 2026. The average Spotify Technology EBITDA estimate is

$3.6b
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. This is
18.05% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$4.0b 33.85%
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, the lowest is
$3.2b 4.83%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2025 $2.5b 54.24%
2026
$3.6b 42.16%
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2027
$4.6b 29.15%
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2028
$5.7b 23.82%
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2029
$6.1b 7.00%
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2030
$6.9b 14.20%
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2031
$7.9b 14.43%
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2032
$9.0b 13.13%
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2033
$9.9b 10.28%
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EBITDA Margin

2025 12.91% 40.66%
2026
15.83% 22.66%
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2027
17.82% 12.57%
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2028
19.52% 9.54%
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2029
18.83% 3.53%
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2030
19.67% 4.46%
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2031
20.59% 4.68%
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2032
21.13% 2.62%
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2033
21.41% 1.33%
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41 Spotify Technology Analysts have issued a net profit forecast 2026. The average Spotify Technology net profit estimate is

$2.9b
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. This is
23.32% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$3.2b 16.22%
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, the lowest is
$2.6b 31.03%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2025 $2.5b 94.38%
2026
$2.9b 15.75%
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2027
$3.6b 25.58%
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2028
$4.6b 26.14%
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2029
$4.9b 8.37%
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2030
$6.1b 23.56%
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2031
$7.0b 13.74%
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2032
$8.0b 15.54%
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2033
$9.1b 12.86%
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Net Margin

2025 12.87% 77.26%
2026
12.85% 0.16%
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2027
14.07% 9.49%
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2028
15.70% 11.58%
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2029
15.34% 2.29%
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2030
17.34% 13.04%
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2031
18.04% 4.04%
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2032
18.91% 4.82%
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2033
19.61% 3.70%
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Earnings per share, P/E ratio and EV/sales Estimates 2026, 2027 to 2033

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Select at least one metric to display the chart.


Quarter Annually
Dec '25 2026
Estimates
Earnings Per Share $ 11.84 14.02
91.28% 18.41%
P/E 34.81
EV/Sales 4.03

41 Analysts have issued a Spotify Technology forecast for earnings per share. The average Spotify Technology EPS is

$14.02
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. This is
22.07% lower
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than earnings per share in the financial year 2025. The highest EPS forecast is
$15.32 14.84%
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, the lowest is
$12.61 29.91%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2025 $11.84 91.28%
2026
$14.02 18.41%
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2027
$17.61 25.61%
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2028
$22.21 26.12%
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2029
$24.07 8.37%
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2030
$29.75 23.60%
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2031
$33.83 13.71%
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2032
$39.09 15.55%
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2033
$44.12 12.87%
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P/E ratio

Current 27.13 81.66%
2026
34.81 28.29%
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2027
27.72 20.37%
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2028
21.97 20.74%
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2029
20.28 7.69%
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2030
16.41 19.08%
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2031
14.43 12.07%
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2032
12.49 13.44%
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2033
11.06 11.45%
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Based on analysts' sales estimates for 2026, the Spotify Technology stock is valued at an EV/Sales of

and an P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 4.43 33.98%
2026
4.03 8.99%
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2027
3.52 12.81%
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2028
3.11 11.53%
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2029
2.80 9.85%
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2030
2.56 8.55%
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2031
2.35 8.49%
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2032
2.13 9.30%
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2033
1.96 8.14%
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P/S ratio

Current 4.93 30.32%
2026
4.48 9.08%
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2027
3.91 12.81%
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2028
3.46 11.53%
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2029
3.12 9.86%
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2030
2.85 8.55%
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2031
2.61 8.49%
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2032
2.36 9.29%
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2033
2.17 8.14%
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Current Spotify Technology Upgrades & Downgrades

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Analyst Rating Action Date
Keybanc
Locked
➜
Locked
Locked Oct 01 2026
Evercore ISI Group
Locked
➜
Locked
Locked Sep 29 2026
Argus Research
Locked
➜
Locked
Locked Aug 13 2026
Rosenblatt
Locked
➜
Locked
Locked Aug 05 2026
Guggenheim
Locked
➜
Locked
Locked Aug 05 2026
Cantor Fitzgerald
Locked
➜
Locked
Locked Aug 05 2026
Benchmark
Locked
➜
Locked
Locked Jul 22 2026
Analyst Rating Date
Locked
Keybanc:
Locked
➜
Locked
Oct 01 2026
Locked
Evercore ISI Group:
Locked
➜
Locked
Sep 29 2026
Locked
Argus Research:
Locked
➜
Locked
Aug 13 2026
Locked
Rosenblatt:
Locked
➜
Locked
Aug 05 2026
Locked
Guggenheim:
Locked
➜
Locked
Aug 05 2026
Locked
Cantor Fitzgerald:
Locked
➜
Locked
Aug 05 2026
Locked
Benchmark:
Locked
➜
Locked
Jul 22 2026

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