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NYSE: SPOT
Spotify Technology SA Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnershipStatistics

Analyst price target for SPOT

Based on 17 analysts offering 12 month price targets for Spotify Technology SA.
Min Forecast
$170.00-30%
Avg Forecast
$305.59+25.82%
Max Forecast
$425.00+74.99%

Should I buy or sell SPOT stock?

Based on 19 analysts offering ratings for Spotify Technology SA.
Buy
Strong Buy
9 analysts 47.37%
Buy
1 analysts 5.26%
Hold
8 analysts 42.11%
Sell
0 analysts 0%
Strong Sell
1 analysts 5.26%

SPOT stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDate
Goldman Sachs
Top 2%
99
HoldInitiates Coverage On$260.00+7.05%2021-09-13
KeyBanc
Top 5%
96
Strong BuyUpgrades$340.00+39.99%2021-09-07
Truist Securities
Top 16%
85
Strong BuyMaintains$270.00+11.17%2021-07-30
Morgan Stanley
Top 16%
85
Strong BuyMaintains$325.00+33.82%2021-07-29
UBS
Bottom 31%
31
HoldUpgrades$240.00-1.18%2021-07-29
Guggenheim
Top 17%
84
Strong BuyUpgrades$265.00+9.11%2021-07-29
Credit Suisse
Top 9%
92
HoldMaintains$270.00+11.17%2021-07-29
Redburn Partners
Bottom 19%
19
Strong SellDowngrades$170.00-30.00%2021-07-26
Citigroup
Top 12%
89
HoldMaintains$275.00+13.23%2021-06-08
Pivotal Research
Top 39%
62
Strong BuyUpgrades$340.00+39.99%2021-04-29

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Forecast return on equity

Is SPOT forecast to generate an efficient return?
Company
43.35%
Industry
31.18%
Market
30.41%
SPOT's Return on Equity is forecast to be high in 3 years (43.35%); analysts are confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is SPOT forecast to generate an efficient return on assets?
Company
15.64%
Industry
29.29%
Market
15.13%
SPOT is forecast to generate lower Return on Assets (15.64%) than the US Internet Content & Information industry average (29.29%)
Forecast

SPOT earnings per share forecast

What is SPOT's earnings per share in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
-$1.09-22.11%
Avg 2 year Forecast
$0.23-116.25%
Avg 3 year Forecast
$1.66-219.31%

SPOT revenue forecast

What is SPOT's revenue in the next 3 years based on estimates from 7 analysts?
Avg 1 year Forecast
$11.3B+9.83%
Avg 2 year Forecast
$13.6B+32.28%
Avg 3 year Forecast
$16.1B+56.99%
SPOT's revenue is forecast to grow at a rate of 16.56% per year, which is not exceptional
Forecast

SPOT revenue growth forecast

How is SPOT forecast to perform vs Internet Content & Information companies and vs the US market?
Company
16.56%
Industry
11.95%
Market
12.2%
SPOT's revenues are forecast to grow faster (16.56% per year) than the US Internet Content & Information industry average (11.95%)
Forecast
SPOT's revenues are forecast to grow faster (16.56% per year) than the US market average (12.2%)
Forecast

Spotify Stock Forecast FAQ

Is Spotify Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 19 Wall Street analysts covering (NYSE: SPOT) stock is to Buy SPOT stock.

Out of 19 analysts, 9 (47.37%) are recommending SPOT as a Strong Buy, 1 (5.26%) are recommending SPOT as a Buy, 8 (42.11%) are recommending SPOT as a Hold, 0 (0%) are recommending SPOT as a Sell, and 1 (5.26%) are recommending SPOT as a Strong Sell.

What is SPOT's earnings growth forecast for 2021-2023?

(NYSE: SPOT) Spotify's forecast annual earnings growth rate of N/A is not forecast to beat the US Internet Content & Information industry's average forecast earnings growth rate of 9.6%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 18.84%.

Spotify's earnings in 2021 is -$262,352,941.On average, 6 Wall Street analysts forecast SPOT's earnings for 2021 to be $-207,422,646, with the lowest SPOT earnings forecast at $-334,552,656, and the highest SPOT earnings forecast at $-141,467,980. On average, 8 Wall Street analysts forecast SPOT's earnings for 2022 to be $43,262,438, with the lowest SPOT earnings forecast at $-114,703,768, and the highest SPOT earnings forecast at $237,054,453.

In 2023, SPOT is forecast to generate $317,729,436 in earnings, with the lowest earnings forecast at $91,763,014 and the highest earnings forecast at $567,783,650.

What is SPOT's revenue growth forecast for 2021-2023?

(NYSE: SPOT) Spotify's forecast annual revenue growth rate of 16.56% is forecast to beat the US Internet Content & Information industry's average forecast revenue growth rate of 11.95%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 12.2%.

Spotify's revenue in 2021 is $10,142,352,941.On average, 7 Wall Street analysts forecast SPOT's revenue for 2021 to be $2,154,857,668,707, with the lowest SPOT revenue forecast at $2,144,614,431,088, and the highest SPOT revenue forecast at $2,169,604,558,589. On average, 7 Wall Street analysts forecast SPOT's revenue for 2022 to be $2,595,311,151,163, with the lowest SPOT revenue forecast at $2,545,265,132,667, and the highest SPOT revenue forecast at $2,681,330,565,253.

In 2023, SPOT is forecast to generate $3,080,239,681,295 in revenue, with the lowest revenue forecast at $2,907,778,743,249 and the highest revenue forecast at $3,158,089,128,365.

What is SPOT's forecast return on assets (ROA) for 2021-2024?

(NYSE: SPOT) forecast ROA is 15.64%, which is lower than the forecast US Internet Content & Information industry average of 29.29%.

What is SPOT's Price Target?

According to 17 Wall Street analysts that have issued a 1 year SPOT price target, the average SPOT price target is $305.59, with the highest SPOT stock price forecast at $425.00 and the lowest SPOT stock price forecast at $170.00.

On average, Wall Street analysts predict that Spotify's share price could stay at $305.59 by Sep 13, 2022. The average Spotify stock price prediction forecasts a potential downside of N/A from the current SPOT share price of $242.87.

What is SPOT's Earnings Per Share (EPS) forecast for 2021-2023?

(NYSE: SPOT) Spotify's current Earnings Per Share (EPS) is -$1.38. On average, analysts forecast that SPOT's EPS will be $-1.09 for 2021, with the lowest EPS forecast at $-1.75, and the highest EPS forecast at $-0.74. On average, analysts forecast that SPOT's EPS will be $0.23 for 2022, with the lowest EPS forecast at $-0.60, and the highest EPS forecast at $1.24. In 2023, SPOT's EPS is forecast to hit $1.66 (min: $0.48, max: $2.97).

What is SPOT's forecast return on equity (ROE) for 2021-2024?

(NYSE: SPOT) forecast ROE is 43.35%, which is considered strong.
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