
Spotify (SPOT) Stock Forecast & Price Target
Spotify (SPOT) Analyst Ratings
Bulls say
Spotify Technology has demonstrated robust performance, achieving a historic high of 38 million net additions in monthly active users, bringing the total to 751 million, while premium subscribers grew to 290 million, underscoring the strength of its subscription model. The company's premium gross margins expanded by 160 basis points, with expectations for further margin expansion and a projected significant increase in free cash flow in 2026, indicative of effective cost management and revenue growth strategies. Additionally, Spotify's continued investment in product enhancements, including audiobooks, podcasts, and advancements like lossless audio and AI integration, is expected to support accelerated revenue growth and improve advertising metrics going forward.
Bears say
Spotify Technology faces several fundamental challenges that contribute to a negative outlook on its stock. Key risks include increasing content costs and declining negotiating leverage, which may hinder profitability as subscription revenues slow without further price increases. Additionally, potential deceleration in monthly active user and premium subscriber growth, along with a moderation in gross margin expansion due to rising content expenses, could further strain financial performance.
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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