
Spotify (SPOT) Stock Forecast & Price Target
Spotify (SPOT) Analyst Ratings
Bulls say
Spotify Technology has demonstrated robust growth, with premium subscribers reaching 281 million, in line with guidance, while monthly active users increased by 17 million to 713 million, exceeding expectations. The company reported a gross margin of 31.6%, which exceeded guidance by 50 basis points, alongside an operating profit of €582 million, marking a 28% year-over-year increase and surpassing guidance by nearly €100 million. Furthermore, ad sales are projected to accelerate in the second half of 2026, indicating strong revenue potential as the firm continues to expand its user base and enhance its offerings.
Bears say
The financial outlook for Spotify Technology is hindered by disappointing ad revenue that fell short of expectations, with a flat trend in 3Q25 compared to previous quarters, reflecting weaker advertising performance. Additionally, the firm's average revenue per user (ARPU) has decelerated to an estimated 0% in 3Q25 after price hikes were implemented, further exacerbating concerns about profitability. The potential for declining margins, coupled with escalating content costs and increased competition, raises significant risks that could adversely affect Spotify’s financial stability going forward.
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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