Brokers Set Expectations for SPOT FY2027 Earnings

Spotify Technology (NYSE:SPOT) – Analysts at Erste Group Bank issued their FY2027 EPS estimates for Spotify Technology in a note issued to investors on Wednesday, February 18th. Erste Group Bank analyst S. Lingnau anticipates that the company will post earnings of $18.76 per share for the year. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Spotify Technology’s current full-year earnings is $10.30 per share.

Spotify Technology (NYSE:SPOT) last released its earnings results on Tuesday, February 10th. The company reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.16 by $2.00. Spotify Technology had a return on equity of 31.35% and a net margin of 13.16%.The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the prior year, the firm earned $1.88 EPS. The firm’s revenue was up 6.8% on a year-over-year basis.

Other equities analysts also recently issued research reports about the stock. Citigroup upgraded shares of Spotify Technology from a “neutral” rating to a “buy” rating and set a $650.00 price target on the stock in a report on Friday, January 30th. The Goldman Sachs Group upgraded shares of Spotify Technology from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $735.00 to $700.00 in a research note on Friday, January 23rd. Moffett Nathanson began coverage on shares of Spotify Technology in a report on Tuesday, January 27th. They set a “neutral” rating and a $487.00 target price for the company. Cantor Fitzgerald lowered their price target on shares of Spotify Technology from $615.00 to $525.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. Finally, Pivotal Research lowered Spotify Technology from a “buy” rating to a “hold” rating and reduced their price objective for the company from $875.00 to $420.00 in a research note on Wednesday, February 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $702.55.

Spotify Technology Stock Down 0.4%

Shares of NYSE:SPOT opened at $465.85 on Monday. Spotify Technology has a 52-week low of $405.00 and a 52-week high of $785.00. The stock has a market cap of $95.88 billion, a price-to-earnings ratio of 48.32, a PEG ratio of 1.02 and a beta of 1.66. The business has a 50-day moving average price of $517.39 and a 200-day moving average price of $611.25.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. KERR FINANCIAL PLANNING Corp acquired a new position in Spotify Technology during the third quarter worth $26,000. Knuff & Co LLC acquired a new position in shares of Spotify Technology during the 2nd quarter worth about $27,000. Heartwood Wealth Advisors LLC acquired a new position in shares of Spotify Technology during the 3rd quarter worth about $27,000. Greykasell Wealth Strategies Inc. lifted its stake in Spotify Technology by 3,800.0% in the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 39 shares of the company’s stock valued at $27,000 after buying an additional 38 shares in the last quarter. Finally, Total Investment Management Inc. acquired a new stake in Spotify Technology in the 2nd quarter worth about $29,000. 84.09% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Spotify Technology

Here are the key news stories impacting Spotify Technology this week:

• Positive Sentiment: Q4 2025 results and guidance that emphasize profitability continue to support the investment thesis; analysts and commentary are re‑examining valuation in light of the earnings beat. A Look At Spotify Technology Valuation After Earnings Beat And Strong 2026 Profitability Guidance
• Positive Sentiment: Product/AI expansion: Spotify is rolling out AI‑powered “Prompted Playlists” to the U.K., Ireland, Australia and Sweden — a rollout that can increase Premium engagement and differentiation. Spotify rolls out AI-powered Prompted Playlists to the U.K. and other markets
• Positive Sentiment: User experience tweaks in testing — Spotify may let users “tune” taste profiles with notes, which could improve personalization and retention if broadly adopted. Spotify may let you tune your taste profile with notes
• Positive Sentiment: Broader AI enthusiasm: AI-sector momentum (e.g., Anthropic demos) is lifting software/AI-related stocks and supports investor appetite for companies using AI to drive features and efficiency. Anthropic Unveils New Claude Tools. Software Stocks Rise.
• Positive Sentiment: Analyst/brokerage sentiment remains generally favorable — SPOT carries an average “Moderate Buy” across brokerages, which underpins demand despite near‑term headwinds. Spotify Technology (NYSE:SPOT) Given Average Rating of “Moderate Buy” by Brokerages
• Neutral Sentiment: Market narrative/IPO chatter: broader market focus on high‑profile IPOs and AI names may divert attention but doesn’t directly change Spotify’s fundamentals. 3 of the Most Highly Anticipated IPOs of 2026 (SPOT)
• Neutral Sentiment: Analyst modeling updates (e.g., Erste Group commentary) are being circulated — watch for any material changes to FY2027 forecasts but current notes are more informational than directional. Erste Group Bank Weighs in on SPOT FY2027 Earnings
• Negative Sentiment: Guggenheim trimmed its price target from $720 to $600 (still a “buy”), which signals reduced near‑term upside expectations and may pressure sentiment. Guggenheim Lowers SPOT Price Target to $600
• Negative Sentiment: Advertising weakness: investor notes (Artisan/InsiderMonkey coverage) flag continued near‑term ad softness, a key revenue headwind that could limit growth and multiple expansion. Spotify (SPOT) was Hurt by Continued Near-Term Advertising Weakness

Spotify Technology Company Profile

Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.