High
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Open
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VWAP
--
Vol
--
Mkt Cap
--
Low
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Amount
--
EV/EBITDA(TTM)
--
Total Shares
--
EV
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EV/OCF(TTM)
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P/S(TTM)
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Market Estimates
Earnings Estimates
Revenue
YoY Chg
EPS
YoYChg
FY2025Q4
FY2026Q1
FY2026Q2
4.52B
+6.59%
2.737
+55.53%
4.61B
+9.95%
2.516
+135.12%
4.84B
+15.42%
2.668
-735.26%
Estimates Revision
The market is revising Downward the revenue expectations for Spotify Technology S.A. (SPOT) for FY2025, with the revenue forecasts being adjusted by -0.25% over the past three months. During the same period, the stock price has changed by -20.68%.
Revenue Estimates for FY2025
Revise Downward
-0.25%
In Past 3 Month
EPS Estimates for FY2025
Revise Upward
+31.56%
In Past 3 Month
Stock Price
Go Down
-20.68%
In Past 3 Month
26 Analyst Rating
Wall Street analysts forecast SPOT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPOT is 780.56 USD with a low forecast of 525.00 USD and a high forecast of 900.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Buy
7 Hold
0 Sell
Moderate Buy
Current: 560.970
Low
525.00
Averages
780.56
High
900.00
Current: 560.970
Low
525.00
Averages
780.56
High
900.00
Phillip Securities
Reduce -> Accumulate
upgrade
$600 -> $650
2025-11-10
Reason
Phillip Securities
Price Target
$600 -> $650
2025-11-10
upgrade
Reduce -> Accumulate
Reason
Phillip Securities upgraded Spotify to Accumulate from Reduce with a price target of $650, up from $600. The firm cites the company's improving revenue stability and pricing power post the Q3 report for the upgrade. Spotify is seeing minimum churn despite the raised Premium prices, the analyst tells investors in a research note.
JPMorgan
Doug Anmuth
Overweight
maintain
$805
2025-11-05
Reason
JPMorgan
Doug Anmuth
Price Target
$805
2025-11-05
maintain
Overweight
Reason
JPMorgan analyst Doug Anmuth views the post-earnings selloff yesterday in shares of Spotify as a buying opportunity. The company reported solid Q3 results, but with "mixed" Q4 guidance, the analyst tells investors in a research note. The firm believes Spotify's solid execution should outweigh the near-term "noise" over margins. It keeps an Overweight rating on Spotify with an $805 price target.
Benchmark
Buy
maintain
$800 -> $860
2025-11-05
Reason
Benchmark
Price Target
$800 -> $860
2025-11-05
maintain
Buy
Reason
Benchmark raised the firm's price target on Spotify to $860 from $800 and keeps a Buy rating on the shares. Q3 results and Q4 guidance indicated Premium ARPU strength, though Q4 total revenue guidance 1% below consensus was due to ad supported revenue and total subs guidance below the firm's estimates attributable to churn from pricing, the analyst tells investors. An ad inflection is "getting closer," the analyst added in a post-earnings note.
Cantor Fitzgerald
Neutral
maintain
$640 -> $675
2025-11-05
Reason
Cantor Fitzgerald
Price Target
$640 -> $675
2025-11-05
maintain
Neutral
Reason
Cantor Fitzgerald raised the firm's price target on Spotify to $675 from $640 and keeps a Neutral rating on the shares. Spotify had a good Q3, and Cantor continues to see plenty of runway for the company to increase prices in several markets, which should help gross margin and EBIT margin expansion over the next 2-3 years, the analyst tells investors in a research note.
Barclays
Overweight
maintain
$750 -> $700
2025-11-05
Reason
Barclays
Price Target
$750 -> $700
2025-11-05
maintain
Overweight
Reason
Barclays lowered the firm's price target on Spotify to $700 from $750 and keeps an Overweight rating on the shares following the earnings report. The firm says 2025 has been a year of investment and resets in some businesses for Spotify, which resulted in the growth model having some headwinds. However, some of the issues will start to ease in Q4, the analyst tells investors in a research note.
DZ Bank
Hold
to
Buy
upgrade
$735
2025-11-04
Reason
DZ Bank
Price Target
$735
2025-11-04
upgrade
Hold
to
Buy
Reason
DZ Bank upgraded Spotify to Buy from Hold with a $735 price target.
See All Ratings
Valuation Metrics
The current forward P/E ratio for Spotify Technology SA (SPOT.N) is 42.94, compared to its 5-year average forward P/E of -68.31. For a more detailed relative valuation and DCF analysis to assess Spotify Technology SA 's fair value, click here.
Forward PE
The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
N/A
5Y Average PE
-68.31
Current PE
42.94
Overvalued PE
182.38
Undervalued PE
-318.99
Forward EV/EBITDA
The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
N/A
5Y Average EV/EBITDA
2.22
Current EV/EBITDA
0.00
Overvalued EV/EBITDA
228.77
Undervalued EV/EBITDA
-224.33
Forward PS
The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
N/A
5Y Average PS
3.50
Current PS
0.00
Overvalued PS
5.24
Undervalued PS
1.76
Financials
Annual
Quarterly
N/A
Total Revenue
N/A
Operating Profit
N/A
Net Income after Tax
N/A
EPS - Diluted
N/A
Free Cash Flow
N/A
Gross Profit Margin - %
N/A
Net Margin - %
N/A
ROIC
Trading Trends
Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
Bought
Hedge Fund
Hedge Funds are Neutral. There are no significant trading trends over the last quarter.
Sold
Bought
Congress Trading
Congress are Neutral. There are no significant trading trends over the last month.
Sold
Bought
Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
Bought
SPOT News & Events
Events Timeline
(ET)
2025-11-24
17:58:51
Spotify set to raise prices in the U.S. in the first quarter of 2026, according to FT.
2025-11-18 (ET)
2025-11-18
12:10:16
Spotify Investigating App-Related Problems
2025-11-10 (ET)
2025-11-10
06:18:16
Bloomberg Reports Apple Music Risks Losing Future Music Listeners
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News
![[object Object]](https://d5bp8bijhhba2.cloudfront.net/image/cover_image/b579c9d82ed4b09692017468bf1997fcfa360be9bcc0aa682ed017b5e6eabc26.jpg)
Preview
5.0
12-04SeekingAlphaSpotify's Initiative to Compete with TikTok and YouTube Through Music Videos: Report
![[object Object]](https://d5bp8bijhhba2.cloudfront.net/image/cover_image/b54bd488f3b95227e7f180e441878ffa6a38a99e0a967214ceb920eda469b7f5.png)
Preview
1.0
12-04BenzingaBad Bunny Surpasses Taylor Swift on 2025 Spotify Charts—Is This the Reason for His Super Bowl LX Halftime Performance?
![[object Object]](https://d5bp8bijhhba2.cloudfront.net/image/cover_image/498ceaf9b3fab1c5d13387ed1386667a59b38c3960894250b4e36d9e154304c5.png)
Preview
7.5
12-03NewsfilterAnthropic Acquires Bun to Boost Claude Code's $1 Billion Annual Revenue
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FAQ
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