$692.99
0.51% day before yesterday
NYSE, Aug 22, 10:16 pm CET
ISIN
LU1778762911
Symbol
SPOT

Spotify Technology Target price 2025 - Analyst rating & recommendation

Spotify Technology Classifications & Recommendation:

Buy
69%
Hold
29%
Sell
2%

Spotify Technology Price Target

Target Price $765.00
Price $692.99
Potential
Number of Estimates 41
41 Analysts have issued a price target Spotify Technology 2026 . The average Spotify Technology target price is $765.00. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 45 analysts: 31 Analysts recommend Spotify Technology to buy, 13 to hold and 1 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 2032

Create a premium account to unlock analyst estimates. Learn more

Quarter Annually
Dec '24 2025
Estimates
Revenue Billion $ 18.38 21.34
18.31% 16.12%
EBITDA Margin 9.17% 12.81%
2,485.76% 39.62%
Net Margin 7.26% 9.55%
280.80% 31.53%

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

$21.3b
Unlock
. This is
9.55% higher
Unlock
than the revenue of the last 12 months(TTM). The highest sales forecast is
$25.2b 29.40%
Unlock
, the lowest is
$19.9b 2.23%
Unlock
.

This results in the following potential growth metrics:

Revenue Estimates

2024 $18.4b 18.31%
2025
$21.3b 16.12%
Unlock
2026
$24.8b 15.99%
Unlock
2027
$28.1b 13.72%
Unlock
2028
$30.7b 9.16%
Unlock
2029
$33.9b 10.24%
Unlock
2030
$38.8b 14.58%
Unlock
2031
$37.2b 4.15%
Unlock
2032
$47.5b 27.75%
Unlock

40 Analysts have issued an Spotify Technology EBITDA forecast 2025. The average Spotify Technology EBITDA estimate is

$2.7b
Unlock
. This is
24.57% higher
Unlock
than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$3.4b 54.43%
Unlock
, the lowest is
$2.4b 7.59%
Unlock
.

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

EBITDA Estimates

2024 $1.7b 2,959.30%
2025
$2.7b 62.17%
Unlock
2026
$3.7b 36.92%
Unlock
2027
$4.9b 31.07%
Unlock
2028
$5.6b 14.34%
Unlock
2029
$6.8b 20.48%
Unlock
2030
$9.2b 36.50%
Unlock
2031
$10.8b 17.21%
Unlock
2032
$12.6b 16.59%
Unlock

EBITDA Margin

2024 9.17% 2,485.76%
2025
12.81% 39.62%
Unlock
2026
15.12% 18.03%
Unlock
2027
17.43% 15.28%
Unlock
2028
18.26% 4.76%
Unlock
2029
19.96% 9.31%
Unlock
2030
23.77% 19.09%
Unlock
2031
29.07% 22.30%
Unlock
2032
26.53% 8.74%
Unlock

39 Spotify Technology Analysts have issued a net profit forecast 2025. The average Spotify Technology net profit estimate is

$2.0b
Unlock
. This is
115.69% higher
Unlock
than the net profit for the last 12 months(TTM). The highest net profit forecast is
$2.8b 192.20%
Unlock
, the lowest is
$539m 42.95%
Unlock
.

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

Net Profit Estimates

2024 $1.3b 313.91%
2025
$2.0b 52.76%
Unlock
2026
$3.1b 50.57%
Unlock
2027
$4.0b 29.65%
Unlock
2028
$4.1b 3.39%
Unlock
2029
$4.5b 9.31%
Unlock
2030
$5.9b 30.64%
Unlock
2031
$6.7b 13.29%
Unlock
2032
$7.5b 12.27%
Unlock

Net Margin

2024 7.26% 280.80%
2025
9.55% 31.53%
Unlock
2026
12.40% 29.84%
Unlock
2027
14.14% 14.03%
Unlock
2028
13.39% 5.30%
Unlock
2029
13.28% 0.82%
Unlock
2030
15.14% 14.01%
Unlock
2031
17.89% 18.16%
Unlock
2032
15.72% 12.13%
Unlock

Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2032

Create a premium account to unlock analyst estimates. Learn more

Quarter Annually
Dec '24 2025
Estimates
Earnings Per Share $ 6.45 9.90
301.56% 53.49%
P/E 69.96
EV/Sales 6.26

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

$9.90
Unlock
. This is
115.22% higher
Unlock
than earnings per share in the financial year 2024. The highest EPS forecast is
$13.42 191.74%
Unlock
, the lowest is
$2.62 43.04%
Unlock
.

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

Earnings Per Share

2024 $6.45 301.56%
2025
$9.90 53.49%
Unlock
2026
$14.91 50.61%
Unlock
2027
$19.34 29.71%
Unlock
2028
$19.99 3.36%
Unlock
2029
$21.85 9.30%
Unlock
2030
$28.55 30.66%
Unlock
2031
$32.34 13.27%
Unlock
2032
$36.31 12.28%
Unlock

P/E ratio

Current 150.65 14.31%
2025
69.96 53.56%
Unlock
2026
46.47 33.58%
Unlock
2027
35.84 22.87%
Unlock
2028
34.67 3.26%
Unlock
2029
31.71 8.54%
Unlock
2030
24.27 23.46%
Unlock
2031
21.43 11.70%
Unlock
2032
19.09 10.92%
Unlock

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 6.85 77.46%
2025
6.26 8.67%
Unlock
2026
5.39 13.79%
Unlock
2027
4.74 12.06%
Unlock
2028
4.34 8.39%
Unlock
2029
3.94 9.29%
Unlock
2030
3.44 12.72%
Unlock
2031
3.59 4.33%
Unlock
2032
2.81 21.72%
Unlock

P/S ratio

Current 7.21 75.45%
2025
6.58 8.72%
Unlock
2026
5.68 13.79%
Unlock
2027
4.99 12.06%
Unlock
2028
4.57 8.40%
Unlock
2029
4.15 9.29%
Unlock
2030
3.62 12.72%
Unlock
2031
3.78 4.33%
Unlock
2032
2.96 21.72%
Unlock

Current Spotify Technology Upgrades & Downgrades

Create a Premium account to unlock Upgrades/Downgrades. Learn more
Analyst Rating Action Date
Guggenheim
Locked
Locked
Locked Aug 18 2025
Oppenheimer
Locked
Locked
Locked Aug 18 2025
Benchmark
Locked
Locked
Locked Jul 30 2025
Morgan Stanley
Locked
Locked
Locked Jul 30 2025
Rosenblatt
Locked
Locked
Locked Jul 30 2025
Keybanc
Locked
Locked
Locked Jul 30 2025
Barclays
Locked
Locked
Locked Jul 30 2025
Analyst Rating Date
Locked
Guggenheim:
Locked
Locked
Aug 18 2025
Locked
Oppenheimer:
Locked
Locked
Aug 18 2025
Locked
Benchmark:
Locked
Locked
Jul 30 2025
Locked
Morgan Stanley:
Locked
Locked
Jul 30 2025
Locked
Rosenblatt:
Locked
Locked
Jul 30 2025
Locked
Keybanc:
Locked
Locked
Jul 30 2025
Locked
Barclays:
Locked
Locked
Jul 30 2025

Register for Free

StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.

The Apple stock at a glance with charts, current key metrics, news and stock analyses.
The Best Dividend Stocks in the Dividend Top Scorer list.
Stock Analyses of the Best Stocks Worldwide.
Start building wealth today