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SPOT Stock Forecast: Spotify Technology SA Price Predictions for 2026-2027

Last close, 2 Oct 2026
$473
−3.76% on the day

The 39 Wall Street analysts covering Spotify Technology SA hold a median 12-month price target of $606 — +28.2% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 72 of 100 as at 3 Oct 2026 — in the upper half. Here, the model and the Street point the same way.

Market cap
$97.2B
Ticker Nerd rank
72 / 100
Median analyst target
$606
Analysts covering
39
Revenue$4.8B+13.9% y/y
Operating income$655.0M
Net income$545.0M
Free cash flow$796.0M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
−7.3%
1M
−15.5%
YTD
−18.6%
1Y
−33.1%
From 52W high
−33.1%
From 52W low
+14.6%
$413
$707
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

SPOT stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores Spotify Technology SA on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 3 Oct 2026
72 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Quality
96
Volatility
95
Issuance
93
Growth
69
Value
63
Accruals
62
Revisions
50
Momentum
36
Size
3

Quality (96): The business earns solid, repeatable profits on what it owns.

Momentum (36): The shares have been drifting down relative to others.

Size (3): Larger than most of the companies we track — more scrutinised, less often mispriced.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

SPOT stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on SPOT, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$400$500$600$700Jan 26Apr 26Jul 26Oct 26SPOTHigh $704Median $606Low $411

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says39 analysts
32 Buy7 Hold0 Sell
Low $411Median $606High $704

The green dot is the last close — the median target sits +28.2% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 2 moved their price target up and 6 moved it down.

DateFirmActionRatingTarget
1 Oct 2026KeybancMaintainsOverweight$680 → $660
29 Sept 2026Evercore ISI GroupMaintainsOutperform$650 → $700
13 Aug 2026Argus ResearchReiteratesBuy$600
13 Aug 2026Argus ResearchReiteratesBuy—
5 Aug 2026Cantor FitzgeraldMaintainsNeutral—
5 Aug 2026Cantor FitzgeraldMaintainsNeutral$510 → $530
5 Aug 2026GuggenheimReiteratesBuy$565
5 Aug 2026GuggenheimReiteratesBuy—
5 Aug 2026RosenblattMaintainsNeutral$531 → $527
5 Aug 2026RosenblattMaintainsNeutral—
22 July 2026BenchmarkMaintainsBuy$695 → $650
22 July 2026BenchmarkMaintainsBuy—
10 July 2026UBSMaintainsBuy—
10 July 2026UBSMaintainsBuy$735 → $690
9 July 2026RosenblattMaintainsNeutral—
9 July 2026RosenblattMaintainsNeutral$534 → $531
9 July 2026Wells FargoMaintainsOverweight—
9 July 2026Wells FargoMaintainsOverweight$600 → $570
26 May 2026Cantor FitzgeraldMaintainsNeutral—
22 May 2026BarclaysMaintainsOverweight—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. SPOT appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Performance

SPOT vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 2 Oct 2026, Spotify Technology SA returned −33.1% against +16.2% for the S&P 500, dividends included.

SPOT vs S&P 500, last 12 monthsTotal return, rebased to 100
60708090100110120Jan 26Apr 26Jul 26Oct 26SPOTS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

SPOT analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
EPS revision, 90 days
−4.0%
Analysts raising
8
Analysts cutting
18
Fundamentals

Spotify Technology SA (SPOT) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
26.2×

Cheaper than 28% of US stocks

Price / sales
5.4×

Cheaper than 23% of US stocks

Price / book
10.2×

Cheaper than 9% of US stocks

EV / EBITDA
33.8×

Cheaper than 7% of US stocks

Growth & margins
Revenue growth (YoY)
13.9%

Higher than 61% of US stocks

Earnings growth (YoY)
13.9%

Higher than 52% of US stocks

Gross margin
33.4%

Higher than 39% of US stocks

Operating margin
13.7%

Higher than 71% of US stocks

Net margin
18.4%

Higher than 81% of US stocks

Returns & dividend
Return on equity
44.5%

Higher than 92% of US stocks

Return on assets
12.2%

Higher than 95% of US stocks

Dividend yield
—

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Spotify Technology SA (SPOT) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • Spotify Technology SA has a market value of $97.2B and an enterprise value of $101.9B.

  • Revenue in the twelve months to 30 June 2026: $18.1B. The latest quarter grew 13.9% year on year.

  • Net income over the same four quarters: $3.3B, a 18.4% net margin.

  • Diluted earnings per share, trailing twelve months: $13.77.

  • Free cash flow in the twelve months to 30 June 2026: $3.3B.

  • Spotify Technology SA spent $977.0M on share buybacks in the twelve months to 30 June 2026.

  • Shares outstanding: 205.6M.

  • Trailing P/E: 26.2×; forward P/E: 27.3× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Spotify Technology SA employs 7,000 people — $2.6M of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 4 Oct 2026

Data provided by Twelve Data

Peers

SPOT vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelInternet Content & Information
CompanyMarket capTKN rank
SPOTSpotify Technology SA$97.2B
72
NBISNebius Group NV$66.0B
25
RDDTReddit, Inc.$28.4B
62
PINSPinterest, Inc.$11.1B
79
MTCHMatch Group, Inc.$9.5B
98
SNAPSnap, Inc.$9.2B
75
ZZillow Group, Inc.$6.3B
60

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own Spotify Technology SA — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest SPOT news & analysis

Spotify billionaire's body scan startup has come to America

TechCrunch · 3 Oct 2026neutral

Spotify co-founder Daniel Ek's health-tech startup Neko Health, which offers full-body scanning, has expanded its services to the United States. The company describes its body scan as currently being among the most popular in the world.

Why it matters — A SPOT watcher would care because it highlights Spotify's co-founder's ventures beyond music, which could signal diversification interest but has no direct bearing on Spotify's core business.

Spotify (SPOT) Stock Drops Despite Market Gains: Important Facts to Note

Zacks Investment Research · 2 Oct 2026negative

Spotify's stock fell 3.77% on the latest trading day, closing at $472.89 despite broader market gains. The decline marks a notable pullback in the stock's trading session.

Why it matters — A SPOT watcher would care because the stock declined against a rising market, indicating company-specific selling pressure worth monitoring.

Spotify (SPOT) Declines More Than Market: Some Information for Investors

Zacks Investment Research · 28 Sept 2026negative

In its most recent trading session, Spotify (SPOT) closed at $497.51, reflecting a -2.45% decline from the previous trading day and underperforming the broader market. The report notes the stock fell more than the market during the session.

Why it matters — A SPOT watcher would note the stock's underperformance against the broader market in a single session as a data point on recent price movement.

Forget Inflation: Funflation Is Here and These ETFs Are Riding on It

Zacks Investment Research · 28 Sept 2026positive

Zacks Investment Research reports that ETFs such as AWAY are benefiting from "funflation," as consumers continue spending on hobbies, travel, music, and leisure despite higher prices. The trend suggests resilient consumer discretionary spending persists even amid inflationary pressures.

Why it matters — Sustained consumer spending on music and leisure could support Spotify's subscription and advertising revenue growth.

Benzinga's 'Stock Whisper' Index: Five Stocks Investors Secretly Monitor But Don't Talk About Yet

Benzinga · 26 Sept 2026neutral

Benzinga's weekly "Stock Whisper" Index uses proprietary data and pattern recognition to highlight five stocks that are flying under investors' radar. The featured stocks receive attention for being quietly monitored but not yet widely discussed.

Why it matters — SPOT watchers may be interested because this index signals which under-the-radar stocks are gaining investor attention, potentially indicating emerging market sentiment that could relate to broader tech stock trends.

FAQ

Frequently asked questions about SPOT stock

What is the SPOT stock price forecast for 2026-2027?

The 39 Wall Street analysts covering Spotify Technology SA have a median 12-month price target of $606, with estimates ranging from $411 to $704. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is SPOT stock a buy right now?

Of the 39 analysts covering Spotify Technology SA, 32 rate it a Buy, 7 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Spotify Technology SA 72 out of 100 across roughly 4,600 US stocks as at 3 Oct 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank SPOT?

As at 3 Oct 2026, Spotify Technology SA ranks 72 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Quality (96 of 100).

Will SPOT stock go up?

No one can know that. What the data says: the median 12-month target from 39 analysts implies +28.2% from the last close, and Ticker Nerd's factor model ranks Spotify Technology SA 72 out of 100 as at 3 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the SPOT stock forecast for 2030?

No analyst covering Spotify Technology SA publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for SPOT are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $411 to $704 over the next 12 months.

How has SPOT stock performed over the past year?

Spotify Technology SA returned -33.1% over the 12 months to 2 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Spotify Technology SA do?

Spotify Technology S.A. is a digital audio streaming company that provides subscription-based and ad-supported access to music, podcasts, video, lossless audio, and audiobooks in select markets.

What is the latest news on SPOT?

The most recent item we track (TechCrunch, 3 Oct 2026): "Spotify billionaire's body scan startup has come to America". Spotify co-founder Daniel Ek's health-tech startup Neko Health, which offers full-body scanning, has expanded its services to the United States. The company describes its body scan as currently being among the most popular in the world.

Company

About Spotify Technology SA.

Spotify Technology S.A. is a digital audio streaming company that provides subscription-based and ad-supported access to music, podcasts, video, lossless audio, and audiobooks in select markets. The company serves listeners through its Premium and Ad-Supported offerings, with features designed for online and offline playback across computers, tablets, mobile devices, and other smart devices. Spotify Technology S.A. also supports creators and partners through sales, distribution, marketing, contract research and development, and customer support services. Its platform is used globally by consumers seeking personalized listening experiences, curated playlists, and broad catalog access. Founded in 2006 and headquartered in Stockholm, Sweden, Spotify Technology S.A. plays a central role in the global shift toward on-demand digital audio consumption.

CEO Mr. Alex Norström · 7,000 employees · Sweden · https://www.spotify.com