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

OverviewForecast
EarningsDividendOwnershipStatistics

Analyst price target for SPOT

Based on 11 analysts offering 12 month price targets for Spotify Technology SA.
Min Forecast
$167.00-43.03%
Avg Forecast
$292.09-0.35%
Max Forecast
$425.00+44.99%

Should I buy or sell SPOT stock?

Hold
Strong Buy
4 analysts 26.67%
Buy
1 analysts 6.67%
Hold
8 analysts 53.33%
Sell
1 analysts 6.67%
Strong Sell
1 analysts 6.67%

SPOT stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDate
Doug Anmuth
JP Morgan
Strong BuyMaintains$385.00+31.35%2021-02-23
Anonymous
Canaccord Genuity
Strong BuyMaintains$400.00+36.46%2021-02-23
Mark Zgutowicz
Rosenblatt
Strong BuyMaintains$425.00+44.99%2021-02-23
Matthew Thornton
Truist Securities
Strong BuyMaintains$167.00-43.03%2020-04-24
Mark Mahaney
Evercore ISI Group
BuyAssumes$360.00+22.82%2021-04-06
Jason Bazinet
Citigroup
HoldUpgradesN/AN/A2021-04-05
deepak mathivanan
Wolfe Research
HoldInitiates Coverage On$260.00-11.30%2021-04-01
Jeffrey Wlodarczak
Pivotal Research
HoldMaintains$340.00+15.99%2021-02-10
Daniel Ovin
Nordea
HoldDowngradesN/AN/A2021-01-27
Brian Russo
Credit Suisse
HoldDowngradesN/AN/A2020-12-16

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Forecast return on equity

Is SPOT forecast to generate an efficient return?
Company
27.76%
Industry
33.24%
Market
31,779.91%
SPOT's Return on Equity is forecast to be high in 3 years (27.76%); 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
12.31%
Industry
24.44%
Market
11,448.12%
SPOT is forecast to generate lower Return on Assets (12.31%) than the US Internet Content & Information industry average (24.44%)
Forecast

SPOT earnings per share forecast

What is SPOT's earnings per share in the next 3 years based on estimates from 8 analysts?
Avg 1 year Forecast
-$2.40-36.54%
Avg 2 year Forecast
-$1.42-62.5%
Avg 3 year Forecast
$1.62-142.86%

SPOT revenue forecast

What is SPOT's revenue in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$11.2B+16.57%
Avg 2 year Forecast
$13.5B+40.4%
Avg 3 year Forecast
$16.1B+67.07%
SPOT's revenue is forecast to grow at a rate of 18.42% 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
18.42%
Industry
17.75%
Market
15.09%
SPOT's revenues are forecast to grow faster (18.42% per year) than the US Internet Content & Information industry average (17.75%)
Forecast
SPOT's revenues are forecast to grow faster (18.42% per year) than the US market average (15.09%)
Forecast

Spotify Stock Forecast FAQ

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

The consensus among 15 Wall Street analysts covering (NYSE: SPOT) stock is to Hold SPOT stock.

Out of 15 analysts, 4 (26.67%) are recommending SPOT as a Strong Buy, 1 (6.67%) are recommending SPOT as a Buy, 8 (53.33%) are recommending SPOT as a Hold, 1 (6.67%) are recommending SPOT as a Sell, and 1 (6.67%) 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 14.88%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 23.37%.

Spotify's earnings in 2021 is -$708,536,585.On average, 8 Wall Street analysts forecast SPOT's earnings for 2021 to be $-447,503,041, with the lowest SPOT earnings forecast at $-787,253,141, and the highest SPOT earnings forecast at $-124,990,428. On average, 8 Wall Street analysts forecast SPOT's earnings for 2022 to be $-264,438,703, with the lowest SPOT earnings forecast at $-736,883,864, and the highest SPOT earnings forecast at $121,259,370.

In 2023, SPOT is forecast to generate $302,215,661 in earnings, with the lowest earnings forecast at $248,115,326 and the highest earnings forecast at $356,315,995.

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

(NYSE: SPOT) Spotify's forecast annual revenue growth rate of 18.42% is forecast to beat the US Internet Content & Information industry's average forecast revenue growth rate of 17.75%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 15.09%.

Spotify's revenue in 2021 is $9,609,756,097.On average, 6 Wall Street analysts forecast SPOT's revenue for 2021 to be $2,089,793,311,086, with the lowest SPOT revenue forecast at $2,036,064,216,981, and the highest SPOT revenue forecast at $2,153,857,434,576. On average, 9 Wall Street analysts forecast SPOT's revenue for 2022 to be $2,517,031,113,405, with the lowest SPOT revenue forecast at $2,452,655,446,609, and the highest SPOT revenue forecast at $2,665,538,396,669.

In 2023, SPOT is forecast to generate $2,995,106,440,235 in revenue, with the lowest revenue forecast at $2,956,861,234,921 and the highest revenue forecast at $3,021,710,746,024.

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

(NYSE: SPOT) forecast ROA is 12.31%, which is lower than the forecast US Internet Content & Information industry average of 24.44%.

What is SPOT's Price Target?

According to 11 Wall Street analysts that have issued a 1 year SPOT price target, the average SPOT price target is $292.09, with the highest SPOT stock price forecast at $425.00 and the lowest SPOT stock price forecast at $167.00.

On average, Wall Street analysts predict that Spotify's share price could stay at $292.09 by Apr 6, 2022. The average Spotify stock price prediction forecasts a potential downside of N/A from the current SPOT share price of $293.12.

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

(NYSE: SPOT) Spotify's current Earnings Per Share (EPS) is -$3.78. On average, analysts forecast that SPOT's EPS will be $-2.40 for 2021, with the lowest EPS forecast at $-4.22, and the highest EPS forecast at $-0.67. On average, analysts forecast that SPOT's EPS will be $-1.42 for 2022, with the lowest EPS forecast at $-3.95, and the highest EPS forecast at $0.65. In 2023, SPOT's EPS is forecast to hit $1.62 (min: $1.33, max: $1.91).

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

(NYSE: SPOT) forecast ROE is 27.76%, which is considered strong.
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