$620.07
0.12% yesterday
NYSE, May 13, 10:10 pm CET
ISIN
LU1778762911
Symbol
SPOT

Spotify Technology Target price 2025 - Analyst rating & recommendation

Spotify Technology Classifications & Recommendation:

Buy
60%
Hold
30%
Sell
9%

Spotify Technology Price Target

Target Price $662.43
Price $620.07
Potential
Number of Estimates 36
36 Analysts have issued a price target Spotify Technology 2026 . The average Spotify Technology target price is $662.43. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 43 analysts: 26 Analysts recommend Spotify Technology to buy, 13 to hold and 4 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 20.09
18.38% 18.49%
EBITDA Margin 9.76% 14.03%
883.25% 43.81%
Net Margin 7.43% 9.90%
275.83% 33.30%

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

$20.1b
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. This is
15.35% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$20.9b 19.77%
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, the lowest is
$19.5b 12.01%
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.

This results in the following potential growth metrics:

Revenue Estimates

2024 $17.0b 18.38%
2025
$20.1b 18.49%
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2026
$23.2b 15.33%
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2027
$26.3b 13.71%
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2028
$29.8b 12.95%
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2029
$31.4b 5.66%
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34 Analysts have issued an Spotify Technology EBITDA forecast 2025. The average Spotify Technology EBITDA estimate is

$2.8b
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. This is
44.12% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$3.3b 70.56%
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, the lowest is
$2.5b 29.14%
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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
$2.8b 70.38%
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2026
$3.8b 33.20%
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2027
$4.7b 26.24%
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2028
$5.2b 10.42%
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2029
$5.8b 10.35%
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EBITDA Margin

2024 9.76% 883.25%
2025
14.03% 43.81%
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2026
16.20% 15.47%
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2027
17.99% 11.05%
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2028
17.58% 2.28%
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2029
18.36% 4.44%
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36 Spotify Technology Analysts have issued a net profit forecast 2025. The average Spotify Technology net profit estimate is

$2.0b
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. This is
56.75% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$2.5b 93.62%
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, the lowest is
$1.3b 1.11%
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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
$2.0b 58.03%
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2026
$2.9b 43.37%
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2027
$3.6b 26.92%
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2028
$4.0b 11.40%
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2029
$4.1b 0.57%
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Net Margin

2024 7.43% 275.83%
2025
9.90% 33.30%
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2026
12.31% 24.34%
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2027
13.74% 11.62%
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2028
13.55% 1.38%
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2029
12.90% 4.80%
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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 9.70
308.14% 57.98%
P/E 63.91
EV/Sales 5.89

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

$9.70
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. This is
56.70% higher
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than earnings per share in the financial year 2024. The highest EPS forecast is
$11.98 93.54%
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, the lowest is
$6.12 1.13%
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.

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

Earnings Per Share

2024 $6.14 308.14%
2025
$9.70 57.98%
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2026
$13.91 43.40%
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2027
$17.66 26.96%
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2028
$19.67 11.38%
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2029
$19.78 0.56%
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P/E ratio

Current 100.19 121.42%
2025
63.91 36.21%
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2026
44.57 30.26%
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2027
35.12 21.20%
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2028
31.53 10.22%
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2029
31.35 0.57%
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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 6.79 87.57%
2025
5.89 13.27%
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2026
5.11 13.30%
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2027
4.49 12.06%
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2028
3.98 11.47%
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2029
3.76 5.35%
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P/S ratio

Current 7.15 86.73%
2025
6.20 13.31%
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2026
5.38 13.30%
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2027
4.73 12.05%
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2028
4.19 11.47%
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2029
3.96 5.35%
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Current Spotify Technology Upgrades & Downgrades

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Analyst Rating Action Date
Guggenheim
Locked
Locked
Locked May 12 2025
Loop Capital
Locked
Locked
Locked May 02 2025
Baird
Locked
Locked
Locked May 01 2025
Macquarie
Locked
Locked
Locked Apr 30 2025
JP Morgan
Locked
Locked
Locked Apr 30 2025
Evercore ISI Group
Locked
Locked
Locked Apr 30 2025
Barclays
Locked
Locked
Locked Apr 30 2025
Analyst Rating Date
Locked
Guggenheim:
Locked
Locked
May 12 2025
Locked
Loop Capital:
Locked
Locked
May 02 2025
Locked
Baird:
Locked
Locked
May 01 2025
Locked
Macquarie:
Locked
Locked
Apr 30 2025
Locked
JP Morgan:
Locked
Locked
Apr 30 2025
Locked
Evercore ISI Group:
Locked
Locked
Apr 30 2025
Locked
Barclays:
Locked
Locked
Apr 30 2025

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