
Spotify (SPOT) Stock Forecast & Price Target
Spotify (SPOT) Analyst Ratings
Bulls say
Spotify Technology has established itself as the premier global music streaming service, boasting over 700 million monthly active users and 281 million premium subscribers, which are critical for driving revenue and gross profit. The company's recent enhancements to its service offerings, including lossless audio and expanded content through audiobooks and podcasts, are expected to contribute to accelerated revenue growth of approximately 15% as well as an improvement in gross margins above current consensus estimates. Additionally, the firm achieved a 28% year-over-year increase in operating profit to €582 million, significantly surpassing guidance, supported by stable royalty rates and effective pricing strategies within its premium subscription segment.
Bears say
Spotify Technology's fourth-quarter 2025 guidance indicated weaker-than-expected advertising revenues, prompting concerns over its financial performance. In the third quarter of 2025, ad revenue growth stagnated at 0% year-over-year, following a notable deceleration in average revenue per user (ARPU), which is anticipated to reach 0%. Key risks to Spotify's outlook include rising content costs, declining negotiating leverage, ineffective R&D investments, and increasing competition, all of which could pressure margins and hinder future profitability.
This aggregate rating is based on analysts' research of Spotify and is not a guaranteed prediction by Public.com or investment advice.
Spotify (SPOT) Analyst Forecast & Price Prediction
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