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SPOT
Volume: 1.08M
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Spotify (SPOT) Stock Forecast & Price Target

Spotify (SPOT) Analyst Ratings

Based on 43 analyst ratings
Buy
Strong Buy 42%
Buy 28%
Hold 23%
Sell 2%
Strong Sell 5%

Bulls say

Spotify Technology has achieved significant financial milestones, reporting a premium revenue growth of approximately 18% year-over-year and ad-supported revenue growth of around 27.5%, driven by pricing power and improvements in advertising monetization tools. In the first quarter of 2025, the company has guided for a gross margin increase of 390 basis points year-over-year to 31.5% and an operating profit of €548 million, reflecting robust operational performance. The firm's ongoing expansion of its user base, which includes nearly 700 million monthly active users and over 250 million paying subscribers, positions it favorably for continued revenue and profitability growth.

Bears say

Spotify Technology faces a challenging financial outlook due to a notable deceleration in subscription average revenue per user (ARPU), which decreased from 11% growth in 3Q24 to 7% in the following quarter, attributed to tougher year-over-year comparisons following significant price hikes. The company's revenue guidance for 1Q25 anticipates only 15% constant currency growth, representing a 200 basis points slowdown from the previous quarter as ARPU growth continues to weaken, raising concerns over the sustainability of margins amidst expected persistent royalty payments. Additionally, a reduction in full-time headcount by 21% in 2024 highlights operational adjustments amidst pressure on margins, with forecasts suggesting that this trend may extend into the following quarters as competitive pressures intensify.

Spotify (SPOT) has been analyzed by 43 analysts, with a consensus rating of Buy. 42% of analysts recommend a Strong Buy, 28% recommend Buy, 23% suggest Holding, 2% advise Selling, and 5% predict a Strong Sell.

This aggregate rating is based on analysts' research of Spotify and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Spotify (SPOT) Forecast

Analysts have given Spotify (SPOT) a Buy based on their latest research and market trends.

According to 43 analysts, Spotify (SPOT) has a Buy consensus rating as of Jul 4, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $492.09, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $492.09, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Spotify (SPOT)

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