SPOT Stock: Price, Forecast, Financials & AI Analysis

High

Open

VWAP

Vol

Mkt Cap

Low

Amount

EV/EBITDA(TTM)

Total Shares

EV/OCF(TTM)

P/S(TTM)

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 -0.29% over the past three months. During the same period, the stock price has changed by -17.50%.

Revenue Estimates for FY2025

Revise Downward

-0.29%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+31.28%

In Past 3 Month

Stock Price

Go Down

-17.50%

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 777.67 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.

18 Buy

8 Hold

0 Sell

Moderate Buy

Current: 580.055

Low

525.00

Averages

777.67

High

900.00

Current: 580.055

Low

525.00

Averages

777.67

High

900.00

Erste Group

Stephan Lingnau

Buy -> Hold

downgrade

2025-12-05

Reason

Erste Group

Stephan Lingnau

Price Target

2025-12-05

downgrade

Buy -> Hold

Reason

Erste Group analyst Stephan Lingnau downgraded Spotify to Hold from Buy. Spotify's revenue is "growing steadily," but revenue growth is expected to slow in 2026 and the stock is highly valued in a sector comparison based on its P/E ratio, the analyst tells investors.

Erste Group

Buy

Hold

downgrade

2025-12-05

Reason

Erste Group

Price Target

2025-12-05

downgrade

Buy

Hold

Reason

Erste Group downgraded Spotify to Hold from Buy.

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.

Valuation Metrics

The current forward P/E ratio for Spotify Technology SA (SPOT.N) is 46.00, compared to its 5-year average forward P/E of -66.83. 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

-66.83

Current PE

46.00

Overvalued PE

183.74

Undervalued PE

-317.41

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

6.75

Current EV/EBITDA

35.13

Overvalued EV/EBITDA

225.68

Undervalued EV/EBITDA

-212.19

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.

5Y Average PS

3.50

Current PS

5.55

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

FCF 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

No data

News

6.5

12-14CNBC

JPMorgan's Leading Internet Stock Recommendations for the Coming Year

6.5

12-12MarketWatch

Reasons Alphabet and Amazon May Be Top AI Stocks in the Coming Year

8.5

12-12Businesswire

Spotlight Energy Acquires PathPoint Energy, Enhancing North American Natural Gas Trading Capabilities

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Frequently Asked Questions

What is Spotify Technology SA (SPOT) stock price today?

The current price of SPOT is 580.055 USD — it has decreased -2.97 % in the last trading day.

What is Spotify Technology SA (SPOT)'s business?

Spotify Technology SA a Luxembourg-based company, which offers digital music-streaming services. The Company enables users to discover new releases, which includes the latest singles and albums; playlists, which includes ready-made playlists put together by music fans and experts, and over millions of songs so that users can play their favorites, discover new tracks and build a personalized collection. Its users can either select Spotify Free, which includes only shuffle play or Spotify Premium, which encompasses a range of features, such as shuffle play, advertisement free, unlimited skips, listen offline, play any track and audio. The Company operates through a number of subsidiaries, including Spotify LTD and is present in over 20 countries. Its service offers a music listening experience without commercial breaks.

What is the price predicton of SPOT Stock?

What is Spotify Technology SA (SPOT)'s revenue for the last quarter?

Spotify Technology SA revenue for the last quarter amounts to 4.27B USD, increased 7.12 % YoY.

What is Spotify Technology SA (SPOT)'s earnings per share (EPS) for the last quarter?

Spotify Technology SA. EPS for the last quarter amounts to 4.21 USD, increased 190.34 % YoY.

What changes have occurred in the market's expectations for Spotify Technology SA (SPOT)'s fundamentals?

How many employees does Spotify Technology SA (SPOT). have?

Spotify Technology SA (SPOT) has 9123 emplpoyees as of December 15 2025.

What is Spotify Technology SA (SPOT) market cap?

Today SPOT has the market capitalization of 123.08B USD.