Benchmark has adjusted its price target for Spotify (SPOT, Financial), reducing it from $720 to $700 while maintaining a Buy rating. This decision comes as Spotify enters 2025 equipped with a variety of potential growth drivers in both its subscription and ad-supported segments. These developments are expected to position the company for another year of strong performance relative to the market.
The firm emphasized the array of possible catalysts that could boost Spotify's topline. Investors are looking forward to the company’s Q1 earnings report, which is anticipated on April 29. Despite the lowered price target, Benchmark's confidence in Spotify's future prospects remains strong, reflecting an optimistic outlook for continued growth and success in the coming year.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 36 analysts, the average target price for Spotify Technology SA (SPOT, Financial) is $647.21 with a high estimate of $749.35 and a low estimate of $383.30. The average target implies an upside of 15.82% from the current price of $558.82. More detailed estimate data can be found on the Spotify Technology SA (SPOT) Forecast page.
Based on the consensus recommendation from 39 brokerage firms, Spotify Technology SA's (SPOT, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Spotify Technology SA (SPOT, Financial) in one year is $250.41, suggesting a downside of 55.19% from the current price of $558.82. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Spotify Technology SA (SPOT) Summary page.
