
Spotify (SPOT) Stock Forecast & Price Target
Spotify (SPOT) Analyst Ratings
Bulls say
Spotify Technology has demonstrated robust growth, with a record net addition of 38 million monthly active users (MAUs) in the fourth quarter, bringing the total to 751 million, as well as an increase in premium subscribers to 290 million. The company's premium gross margins expanded by 160 basis points, supported by strong usage growth driven by enhancements to the mobile free-tier and successful marketing campaigns. Furthermore, management projects continued gross and operating margin expansion and substantial free cash flow growth in 2026, indicating a positive outlook for Spotify's financial performance.
Bears say
Spotify Technology faces significant risks that could adversely affect its financial outlook. These include a potential slowdown in subscription revenue, as growth in both monthly active users (MAUs) and premium subscribers may decelerate without effective price increases. Additionally, rising content costs combined with a shift in the revenue mix could lead to moderation in gross margin expansion and a decline in average revenue per user (ARPU), further complicating the company’s growth trajectory.
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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