74/100B609.79
USD
11.29
(1.89%)
Market Open
Last updated: · Delayed 15 min
Spotify Technology SA stock forecast 2026–2028What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Spotify Technology SA is 627.77, 2.9% above the current price of 609.79. Their targets range from 490.00 to 725.00.
Of the 20 firms that rated Spotify Technology SA in the past 12 months, 15 rate it buy or strong buy, 5 hold and 0 sell or strong sell (each firm at its latest rating): a Buy consensus.
12-month price target
627.77 USD
+2.95%
Analysts' 1-year price targets range from 490.00 to 725.00, with an average of 627.77.
Past year
1-year forecast
Strong sellStrong buy
Buy
20 ratings
| Buy | 15 | |
| Hold | 5 | |
| Sell | 0 |
12-month price target
| Highest target | 725.00 |
| Average target | 627.77 |
| Lowest target | 490.00 |
| Current price | 609.79 |
Spotify Technology SA price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Spotify Technology SA price target and rating?
See how analysts moved their price target
How analysts rate Spotify Technology SA, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
15 of 20 firms rate it buy now, against 18 of 23 in December 2025.
Buy Hold Sell
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Spotify Technology SA analyst upgrades, downgrades and price targets
The latest rating change came on 15 October 2026, when StoneX downgraded Spotify Technology SA from Buy to Hold. The most recent new target came from Robert W. Baird on 26 October 2026: 675.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 26 Oct 2026 | Robert W. Baird Vikram Kesavabhotla | — | 675.00 | — | 584.22 |
| 26 Oct 2026 | Bernstein Ian Moore | — | 625.00 → 725.00 | +16.0% | 584.22 |
| 23 Oct 2026 | Cantor Fitzgerald Deepak Mathivanan | Reiterated · Neutral | 530.00 → 550.00 | +3.8% | 583.66 |
| 23 Oct 2026 | Piper Sandler | Reiterated · Neutral | 540.00 → 580.00 | +7.4% | 583.66 |
| 23 Oct 2026 | Guggenheim | Reiterated · Buy | 565.00 → 650.00 | +15.0% | 583.66 |
| 23 Oct 2026 | Rosenblatt Securities Barton Crockett | Reiterated · Neutral | 576.00 | — | 583.66 |
| 23 Oct 2026 | Wells Fargo | Reiterated · Overweight | 570.00 → 660.00 | +15.8% | 583.66 |
| 23 Oct 2026 | Morgan Stanley Sean Duffy | Reiterated · Overweight | 640.00 → 700.00 | +9.4% | 583.66 |
| 23 Oct 2026 | Barclays | Reiterated · Overweight | 565.00 → 650.00 | +15.0% | 583.66 |
| 22 Oct 2026 | Raymond James Andrew Marok | — | 625.00 | — | 580.94 |
| 20 Oct 2026 | Jefferies James Heaney | — | 600.00 → 620.00 | +3.3% | 518.76 |
| 15 Oct 2026 | StoneX | Downgraded · Buy → Hold | — | — | — |
| 12 Oct 2026 | UBS | — | 675.00 → 490.00 | -27.4% | 529.14 |
| 8 Oct 2026 | KeyBanc Justin Patterson | — | 680.00 → 660.00 | -2.9% | 512.92 |
| 8 Oct 2026 | Piper Sandler Matt Farrell | — | 540.00 | — | 512.92 |
| 5 Oct 2026 | UBS Batya Levi | Reiterated · Buy | 660.00 → 675.00 | +2.3% | 472.89 |
| 1 Oct 2026 | UBS | — | 530.00 → 660.00 | +24.5% | 487.38 |
| 5 Aug 2026 | Cantor Fitzgerald Deepak Mathivanan | Reiterated · Neutral | 520.00 → 530.00 | +1.9% | 488.40 |
| 5 Aug 2026 | UBS | — | 690.00 → 530.00 | -23.2% | 497.11 |
| 3 Aug 2026 | Morgan Stanley | — | 610.00 → 640.00 | +4.9% | 499.66 |
| 10 Jul 2026 | UBS Batya Levi | Reiterated · Buy | 735.00 → 690.00 | -6.1% | 484.17 |
| 9 Jul 2026 | Wells Fargo | Reiterated · Overweight | 600.00 → 570.00 | -5.0% | 485.22 |
| 26 May 2026 | Cantor Fitzgerald | Reiterated · Neutral | 525.00 → 520.00 | -1.0% | 519.86 |
| 22 May 2026 | Morgan Stanley Sean Diffley | Reiterated · Overweight | 650.00 → 610.00 | -6.2% | 489.93 |
| 22 May 2026 | Wells Fargo | Reiterated · Overweight | 710.00 → 600.00 | -15.5% | 489.93 |
| 22 May 2026 | Barclays Kannan Venkateshwar | Reiterated · Overweight | 500.00 → 565.00 | +13.0% | 489.93 |
| 21 May 2026 | Jefferies | — | 600.00 | — | 489.93 |
| 30 Apr 2026 | UBS Batya Levi | Reiterated · Buy | 600.00 → 735.00 | +22.5% | 440.78 |
| 29 Apr 2026 | Canaccord Genuity Maria Ripps | Reiterated · Buy | 750.00 → 720.00 | -4.0% | 434.20 |
| 29 Apr 2026 | Guggenheim | Reiterated · Buy | 600.00 → 565.00 | -5.8% | 434.20 |
| 29 Apr 2026 | UBS | — | 720.00 → 600.00 | -16.7% | 434.20 |
| 29 Apr 2026 | KeyBanc | Reiterated · Overweight | 745.00 → 680.00 | -8.7% | 434.20 |
| 29 Apr 2026 | Barclays Kannan Venkateshwar | Reiterated · Overweight | 625.00 → 500.00 | -20.0% | 434.20 |
| 28 Apr 2026 | UBS | — | 535.00 → 720.00 | +34.6% | 433.95 |
| 15 Apr 2026 | KeyBanc | Reiterated · Overweight | 720.00 → 745.00 | +3.5% | 511.36 |
| 9 Apr 2026 | Bernstein | — | 650.00 → 625.00 | -3.8% | 486.62 |
| 26 Mar 2026 | UBS | — | 760.00 → 535.00 | -29.6% | 478.18 |
| 24 Feb 2026 | Guggenheim | Reiterated · Buy | 720.00 → 600.00 | -16.7% | 467.83 |
| 11 Feb 2026 | Pivotal Research Jeffrey Wlodarczak | — | 420.00 | — | 490.01 |
| 11 Feb 2026 | UBS | — | 650.00 → 760.00 | +16.9% | 488.19 |
| 11 Feb 2026 | Cantor Fitzgerald Deepak Mathivanan | Reiterated · Neutral | 615.00 → 525.00 | -14.6% | 476.02 |
| 11 Feb 2026 | MoffettNathanson Clay Griffin | — | 514.00 | — | 485.40 |
| 11 Feb 2026 | Morgan Stanley | — | 775.00 → 650.00 | -16.1% | 476.02 |
| 11 Feb 2026 | Guggenheim Michael Morris | Reiterated · Buy | 750.00 → 720.00 | -4.0% | 476.02 |
| 10 Feb 2026 | Evercore ISI | — | 650.00 → 700.00 | +7.7% | 476.13 |
| 10 Feb 2026 | UBS | — | 487.00 → 650.00 | +33.5% | 476.40 |
| 10 Feb 2026 | Canaccord Genuity Maria Ripps | — | 775.00 → 750.00 | -3.2% | 476.40 |
| 9 Feb 2026 | KeyBanc | Reiterated · Overweight | 830.00 → 720.00 | -13.3% | 422.61 |
| 27 Jan 2026 | UBS | — | 800.00 → 487.00 | -39.1% | 512.60 |
| 23 Jan 2026 | Goldman Sachs | Upgraded · Neutral → Buy | — | — | — |
Spotify Technology SA EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Revenue
ReportedEstimate
EPS
ReportedEstimate
Does Spotify Technology SA beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 68.3% off the result, either way, and their revenue estimate 0.8%, over the last 12 quarters.
- EPS beats
- 15 / 35
- Revenue beats
- 23 / 35
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- -31.6%
- Since
- May 2018
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 22 Oct 2026 | 3.18 | 2.81 | -11.6% | 5.64B | 5.63B | -0.3% |
| Q2 FY2026 | 4 Aug 2026 | 3.16 | 3.03 | -4.1% | 5.47B | 5.46B | -0.3% |
| Q1 FY2026 | 28 Apr 2026 | 3.43 | 4.04 | +17.8% | 5.23B | 5.24B | +0.2% |
| Q4 FY2025 | 10 Feb 2026 | 3.21 | 5.16 | +60.7% | 5.31B | 5.32B | +0.2% |
| Q3 FY2025 | 4 Nov 2025 | 2.29 | 3.83 | +67.2% | 4.97B | 5.00B | +0.7% |
| Q2 FY2025 | 29 Jul 2025 | 2.30 | -0.48 | -120.9% | 5.02B | 4.94B | -1.6% |
| Q1 FY2025 | 29 Apr 2025 | 2.37 | 1.13 | -52.3% | 4.54B | 4.59B | +1.1% |
| Q4 FY2024 | 4 Feb 2025 | 2.06 | 1.88 | -8.7% | 4.30B | 4.39B | +2.2% |
| Q3 FY2024 | 12 Nov 2024 | 1.88 | 1.61 | -14.4% | 4.48B | 4.37B | -2.4% |
| Q2 FY2024 | 23 Jul 2024 | 1.06 | 1.33 | +25.5% | 4.10B | 4.09B | -0.1% |
| Q1 FY2024 | 23 Apr 2024 | 0.65 | 0.97 | +49.2% | 3.90B | 3.91B | +0.3% |
| Q4 FY2023 | 6 Feb 2024 | -0.08 | -0.39 | -387.5% | 4.04B | 4.04B | -0.1% |
Spotify Technology SA stock price 2026–2028: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
There are no price scenarios for Spotify Technology SA: its P/E has been above 60, or from losses, too often in the last five years to price its earnings at, and similar companies' P/Es put its value too far from its price to stand in. The earnings analysts expect are in the estimates above.
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 35.850 | 71.4258Price 35.85193 | +99.2% | |
| 29.050 | 56.2634Price 29.0596 | +93.7% | |
| 241.000 | 464.49205Price 241.00627 | +92.7% | |
| 123.590 | 237.24178Price 123.59297 | +92.0% | |
| 161.400 | 305.52159Price 161.40396 | +89.3% | |
| 157.460 | 297.58169Price 157.46471 | +89.0% | |
| 217.560 | 405.38304Price 217.56507 | +86.3% |
Furthest below the fair value on each stock's page, updated every day.