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

+6.63%

2.743

+55.84%

4.61B

+10.12%

2.525

+135.97%

4.86B

+15.9%

2.665

-734.6%

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 -0.22% over the past three months. During the same period, the stock price has changed by -17.94%.

Revenue Estimates for FY2025

Revise Downward

-0.22%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+33.22%

In Past 3 Month

Stock Price

Go Down

-17.94%

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: 0.000

Low

525.00

Averages

777.67

High

900.00

Current: 0.000

Low

525.00

Averages

777.67

High

900.00

Cantor Fitzgerald

Neutral

downgrade

$675 -> $615

2026-01-08

New

Reason

Cantor Fitzgerald

Price Target

$675 -> $615

2026-01-08

New

downgrade

Neutral

Reason

Cantor Fitzgerald lowered the firm's price target on Spotify to $615 from $675 and keeps a Neutral rating on the shares. Despite lingering macro concerns, the outlook for Global Internet stocks into 2026 is increasingly positive as AI enters a "Synergy" phase that should drive accelerating revenue growth, improved value capture, and clearer long-term returns on capex, the analyst tells investors in a research note. With valuations still about 20% below medium-term ranges despite 2025 outperformance, the group is positioned to outperform in 2026 amid positive estimate revisions and improving sentiment, Cantor says.

Morgan Stanley

Benjamin Swinburne

Overweight

downgrade

$800 -> $775

2025-12-18

Reason

Morgan Stanley

Benjamin Swinburne

Price Target

$800 -> $775

2025-12-18

downgrade

Overweight

Reason

Morgan Stanley analyst Benjamin Swinburne lowered the firm's price target on Spotify to $775 from $800 and keeps an Overweight rating on the shares. The Media and Entertainment industry heads into 2026 with "solid fundamental momentum," says the analyst, who recommends stocks in the group that it believes are insulated from AI disruption, will benefit from demand for premium experiences, or have a differentiated earnings outlook.

Citizens

Matthew Condon

Outperform

initiated

$800

2025-12-17

Reason

Citizens

Matthew Condon

Price Target

$800

2025-12-17

initiated

Outperform

Reason

Citizens analyst Matthew Condon initiated coverage of Spotify with an Outperform rating and $800 price target. The company's "multi-vertical" audio platform is positioned to drive sustained, compounding engagement, revenue, and free cash flow, the analyst tells investors in a research note. The firm says Spotify has built a "best-in-class, multi-format audio experience" through product innovation, personalization, and ubiquity. This will support durable user growth and "underappreciated" pricing power, contends Citizens.

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.

Valuation Metrics

The current forward P/E ratio for Spotify Technology SA (SPOT.N) is 44.18, compared to its 5-year average forward P/E of -62.21. 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

-62.21

Current PE

44.18

Overvalued PE

186.11

Undervalued PE

-310.52

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

12.41

Current EV/EBITDA

33.59

Overvalued EV/EBITDA

218.97

Undervalued EV/EBITDA

-194.16

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

3.49

Current PS

5.32

Overvalued PS

5.23

Undervalued PS

1.75

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

No data

News

5.0

01-06Benzinga

Meta Delays Ray-Ban Smart Glasses Global Rollout to Prioritize U.S. Demand

8.0

01-05NASDAQ.COM

Dell Options Trading Volume Hits 32,346 Contracts, Exceeding 64.4% of Daily Average

4.5

01-02NASDAQ.COM

EFA ETF Hits 52-Week High of $96.73, Low at $72.145

People Also Watch

Frequently Asked Questions

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

The current price of SPOT is 553.68 USD — it has decreased -2.8 % 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 January 09 2026.

What is Spotify Technology SA (SPOT) market cap?

Today SPOT has the market capitalization of 114.00B USD.