$558.00
2.83%
NYSE, Apr 21, 08:18 pm CET
ISIN
LU1778762911
Symbol
SPOT

Spotify Technology Target price 2025 - Analyst rating & recommendation

Spotify Technology Classifications & Recommendation:

Buy
62%
Hold
33%
Sell
5%

Spotify Technology Price Target

Target Price $694.44
Price $574.25
Potential
Number of Estimates 34
34 Analysts have issued a price target Spotify Technology 2026 . The average Spotify Technology target price is $694.44. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 42 analysts: 26 Analysts recommend Spotify Technology to buy, 14 to hold and 2 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 2026 of . Most analysts recommend the Spotify Technology stock at Purchase.

Sales and Margin forecast 2025, 2026 to 2029

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Quarter Annually
Dec '24 2025
Estimates
Revenue Billion $ 16.95 20.58
18.38% 21.37%
EBITDA Margin 9.76% 14.32%
883.25% 46.79%
Net Margin 7.38% 11.26%
275.83% 52.52%

37 Analysts have issued a sales forecast Spotify Technology 2025 . The average Spotify Technology sales estimate is

$20.6b
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. This is
21.39% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$21.3b 25.67%
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, the lowest is
$19.9b 17.26%
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.

This results in the following potential growth metrics:

Revenue Estimates

2024 $17.0b 18.38%
2025
$20.6b 21.37%
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2026
$23.7b 15.33%
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2027
$26.9b 13.20%
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2028
$30.0b 11.76%
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2029
$30.8b 2.49%
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33 Analysts have issued an Spotify Technology EBITDA forecast 2025. The average Spotify Technology EBITDA estimate is

$2.9b
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. This is
83.35% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$3.4b 110.06%
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, the lowest is
$2.6b 58.82%
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.

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

EBITDA Estimates

2024 $1.7b 1,027.18%
2025
$2.9b 78.16%
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2026
$3.9b 30.93%
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2027
$4.9b 26.35%
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2028
$5.4b 10.75%
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2029
$5.8b 6.90%
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EBITDA Margin

2024 9.76% 883.25%
2025
14.32% 46.79%
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2026
16.26% 13.55%
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2027
18.15% 11.62%
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2028
17.98% 0.94%
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2029
18.76% 4.34%
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34 Spotify Technology Analysts have issued a net profit forecast 2025. The average Spotify Technology net profit estimate is

$2.3b
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. This is
85.96% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$2.9b 130.24%
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, the lowest is
$1.7b 36.06%
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.

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

Net Profit Estimates

2024 $1.3b 308.14%
2025
$2.3b 85.05%
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2026
$3.0b 29.78%
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2027
$3.8b 26.26%
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2028
$4.3b 12.97%
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2029
$4.3b 0.45%
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Net Margin

2024 7.38% 275.83%
2025
11.26% 52.52%
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2026
12.67% 12.52%
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2027
14.13% 11.52%
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2028
14.28% 1.06%
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2029
13.87% 2.87%
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Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2029

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Quarter Annually
Dec '24 2025
Estimates
Earnings Per Share $ 6.14 11.36
308.14% 85.02%
P/E 50.54
EV/Sales 5.31

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

$11.36
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. This is
85.92% higher
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than earnings per share in the financial year 2024. The highest EPS forecast is
$14.07 130.28%
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, the lowest is
$8.31 36.01%
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.

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

Earnings Per Share

2024 $6.14 308.14%
2025
$11.36 85.02%
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2026
$14.75 29.84%
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2027
$18.62 26.24%
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2028
$21.03 12.94%
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2029
$20.94 0.43%
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P/E ratio

Current 93.98 192.49%
2025
50.54 46.22%
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2026
38.94 22.95%
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2027
30.84 20.80%
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2028
27.30 11.48%
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2029
27.43 0.48%
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Based on analysts' sales estimates for 2025, 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 6.45 66.24%
2025
5.31 17.62%
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2026
4.61 13.29%
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2027
4.07 11.66%
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2028
3.64 10.52%
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2029
3.55 2.43%
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P/S ratio

Current 6.78 66.55%
2025
5.59 17.62%
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2026
4.85 13.29%
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2027
4.28 11.66%
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2028
3.83 10.52%
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2029
3.74 2.43%
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Current Spotify Technology Upgrades & Downgrades

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Analyst Rating Action Date
Cantor Fitzgerald
Locked
Locked
Locked Apr 16 2025
UBS
Locked
Locked
Locked Apr 15 2025
Keybanc
Locked
Locked
Locked Apr 09 2025
JP Morgan
Locked
Locked
Locked Apr 08 2025
UBS
Locked
Locked
Locked Apr 02 2025
Wells Fargo
Locked
Locked
Locked Mar 28 2025
China Renaissance
Locked
Locked
Locked Mar 26 2025
Analyst Rating Date
Locked
Cantor Fitzgerald:
Locked
Locked
Apr 16 2025
Locked
UBS:
Locked
Locked
Apr 15 2025
Locked
Keybanc:
Locked
Locked
Apr 09 2025
Locked
JP Morgan:
Locked
Locked
Apr 08 2025
Locked
UBS:
Locked
Locked
Apr 02 2025
Locked
Wells Fargo:
Locked
Locked
Mar 28 2025
Locked
China Renaissance:
Locked
Locked
Mar 26 2025

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